Physical-layer network coding (PNC) is now well-known as a potential candidate for delay-sensitive and spectrally efficient communication applications, especially in two-way relay channels (TWRCs). In this paper, we present the error performance analysis of a multiple-input single-output (MISO) fixed network coding (FNC) system with two different transmit antenna selection (TAS) schemes. For the first scheme, where the antenna selection is performed based on the strongest channel, we derive a tight closed-form upper bound on the average symbol error rate (SER) with $M$-ary modulation and show that the system achieves a diversity order of 1 for $M > 2$. Next, we propose a Euclidean distance (ED) based antenna selection scheme which outperforms the first scheme in terms of error performance and is shown to achieve a diversity order lower bounded by the minimum of the number of antennas at the two users.