Our investments
When you invest with Nutmeg, we construct your portfolio for you, principally using a mix of exchange traded funds — ETFs. These provide an easy way to gain exposure to a pool of investments without having to buy each one individually. They can track a share index, such as the FTSE 100, and they can give you exposure to assets like Government and corporate bonds. They can also invest in specific sectors such as precious metals or forestry which can be difficult for individual investors to access.
Our investment team chooses from a universe of over 1,800 ETFs. We consider many factors in choosing our investments and favour physically backed ETFs with high liquidity and good tracking performance. The investments in our portfolios are reviewed regularly to ensure they're the most suitable for our customers' needs.
The list below includes investments we currently use as well as those we may have used in the past.
Developed Equities
Shares in companies listed on the stock exchanges of developed markets, ranging from the United States to New Zealand.
BBDS
BBDS
Provider: JPMorgan
JPMorgan BetaBuilders US Small Cap Equity UCITS ETF
Benchmark
Morningstar US Small Cap Target Market Exposure Index
Description
This ETF aims to track the performance of the Morningstar US Small Cap Target Market Exposure Index, providing diversified exposure to smaller US companies.
Investment team comments
This ETF aims to track the performance of the Morningstar US Small Cap Target Market Exposure Index, providing diversified exposure to companies in the 86th-95th percentile of the US stock market by market capitalisation. The Morningstar index aims to invest only in the 75% most liquid stocks in the US Stock market.
Characteristics
Asset class
Developed Markets Equities
Geographical focus
United States
Traded / Risk currency
GBP / USD
Total expense ratio (TER)
0.14%
Type of fund
ETF
Investment style
Passive
Replication method
Physical
Replication strategy
Full
CES1
CES1
Provider: iShares
iShares MSCI EMU Small Cap UCITS ETF
Benchmark
MSCI EMU SmallCap Net Total Return
Description
The ETF aims to track the performance of the MSCI EMU Small Cap Index, comprised of smaller capitalisation companies from developed markets within the Eurozone.
Investment team comments
This ETF provides access to small cap Eurozone equities. For investors with less concern for short term volatility, exposure to smaller companies can provide the opportunity for higher long term returns.
Characteristics
Asset class
Developed Markets Equities
Geographical focus
Europe ex UK
Traded / Risk currency
GBP / EUR
Total expense ratio (TER)
0.58%
Type of fund
ETF
Investment style
Passive
Replication method
Physical
Replication strategy
Optimised
CEU1
CEU1
Provider: iShares
iShares Core MSCI EMU UCITS ETF
Benchmark
MSCI EMU Index
Description
This ETF aims to track the performance of the MSCI EMU Index. It provides exposure to over 230 companies in the 11 countries of the Eurozone with the largest holdings in France, Germany and Spain.
Investment team comments
This ETF enables us to invest across the broad range of companies in the Eurozone.
Characteristics
Asset class
Developed Markets Equities
Geographical focus
Europe
Traded / Risk currency
GBP / EUR
Total expense ratio (TER)
0.12%
Type of fund
ETF
Investment style
Passive
Replication method
Physical
Replication strategy
Full
CEUG
CEUG
Provider: iShares
iShares MSCI EMU UCITS ETF
Benchmark
MSCI EMU Net Return GBP hedged
Description
This ETF aims to track the performance of the MSCI EMU Index, independent of movements in the pound/euro exchange rate (currency hedged). It provides exposure to the 11 countries of the Eurozone with the largest holdings in France, Germany and Spain.
Investment team comments
This ETF enables us to invest across the broad range of companies in the Eurozone, while eliminating euro currency risk.
Characteristics
Asset class
Developed Markets Equities
Geographical focus
Europe
Traded / Risk currency
GBP / GBP
Total expense ratio (TER)
0.12%
Type of fund
ETF
Investment style
Passive
Replication method
Physical
Replication strategy
Full
CNX1
CNX1
Provider: iShares
iShares Nasdaq 100 UCITS ETF
Benchmark
NASDAQ-100 Notional Net Total Return
Description
This ETF aims to track the performance of the Nasdaq-100 Notional Net Total Return Index. It provides exposure to the largest domestic and international non-financial companies listed on the NASDAQ Stock Market based on market capitalisation.
Investment team comments
This ETF enables diversified exposure to US equities with a particular focus on the technology sector and high growth companies. This ETF provides an efficient and diverse way to invest in high growth industries and companies, covering major sub-industry groups including computer hardware, software, telecommunications and retail.
Characteristics
Asset class
Developed Markets Equities
Geographical focus
United States
Traded / Risk currency
GBP / USD
Total expense ratio (TER)
0.33%
Type of fund
ETF
Investment style
Passive
Replication method
Physical
Replication strategy
Full
CP9G
CP9G
Provider: Amundi
Amundi MSCI Pacific ex Japan SRI PAB UCITS ETF
Benchmark
MSCI Pacific ex Japan SRI Filtered PAB
Description
This ETF aims to track the performance of the MSCI Pacific ex Japan SRI Filtered PAB Index.
Investment team comments
This ETF enables us to gain exposure to companies in the Pacific region with outstanding environmental, social and governance ratings, whilst excluding companies that engage in controversial activities or whose products have negative social or environmental impacts. Socially responsible investment incorporates non-financial data alongside traditional investment metrics, with a belief that the companies that are best placed to operate successfully in the future are those with strong sustainability profiles, that do business in a fair and progressive way, and with a management team well aligned to investors interests.
Characteristics
Asset class
Developed Markets Equities
Geographical focus
Asian Pacific Region ex Japan
Traded / Risk currency
GBP / JPY
Total expense ratio (TER)
0.2%
Type of fund
ETF
Investment style
Passive
Replication method
Physical
Replication strategy
Full
CPJ1
CPJ1
Provider: iShares
iShares Core MSCI Pacific Ex Japan UCITS ETF
Benchmark
MSCI Daily Net Pacific Ex Japan Net Total Return
Description
This ETF aims to track the MSCI Pacific ex Japan Index which is designed to measure the performance of the largest companies in Australia, Hong Kong, Singapore and New Zealand.
Investment team comments
These Pacific economies have impressive combinations of abundant natural resources, large educated workforces and huge regional markets. Companies in this index hope to exploit these factors to produce excellent returns for investors.
Characteristics
Asset class
Developed Markets Equities
Geographical focus
Asian Pacific Region ex Japan
Traded / Risk currency
GBP / Varied
Total expense ratio (TER)
0.2%
Type of fund
ETF
Investment style
Passive
Replication method
Physical
Replication strategy
Full
CSCA
CSCA
Provider: iShares
iShares MSCI Canada UCITS ETF
Benchmark
MSCI Canada
Description
This ETF aims to track the MSCI Canada Index, consisting of the largest Canadian stocks.
Investment team comments
This ETF enables us to invest in the largest part of the Canadian stock market. The Canadian stock market is dominated by financial and energy stocks. The Canadian dollar is known as a 'Commodities & Natural Resources currency' (due to the high level of Commodities & Natural Resources exports).
Characteristics
Asset class
Developed Markets Equities
Geographical focus
Canada
Traded / Risk currency
GBP / CAD
Total expense ratio (TER)
0.48%
Type of fund
ETF
Investment style
Passive
Replication method
Physical
Replication strategy
Full
CSP1
CSP1
Provider: iShares
iShares Core S&P500 UCITS ETF
Benchmark
S&P 500 Net Total Return
Description
This ETF aims to track the performance of the Standard & Poor 500 Index based on the top 500 publicly traded American companies.
Investment team comments
The S&P 500 Index contains many of the largest companies in the world and benefits from the exposure to a broad range of market sectors. This ETF presents good value, gaining access to US equity exposure at low cost.
Characteristics
Asset class
Developed Markets Equities
Geographical focus
United States
Traded / Risk currency
GBP / USD
Total expense ratio (TER)
0.07%
Type of fund
ETF
Investment style
Passive
Replication method
Physical
Replication strategy
Full
CUS1
CUS1
Provider: iShares
iShares MSCI USA Small Cap ESG Enhanced UCITS ETF
Benchmark
MSCI USA Small Cap ESG Enhanced Focused CTB Index
Description
This ETF aims to track the MSCI USA Small Cap ESG Enhanced Focus CTB Index, offering lower carbon and improved ESG exposure to US Small Cap companies.
Investment team comments
Compared to large cap stocks, small companies tend to have a greater focus to the domestic economy. This ETF provides improved ESG and lower carbon exposure to US Small Cap companies, while maintaining diversified and similar exposure to the broad US Small Cap market.
Characteristics
Asset class
Developed Markets Equities
Geographical focus
United States
Traded / Risk currency
GBP / USD
Total expense ratio (TER)
0.43%
Type of fund
ETF
Investment style
Passive
Replication method
Physical
Replication strategy
Optimised
ENGW
ENGW
Provider: State Street
SPDR MSCI World Energy UCITS ETF
Benchmark
MSCI World Energy Index
Description
This ETF aims to track the performance of large and medium sized companies within the energy sector of developed markets.
Investment team comments
This ETF provides a low cost route to gain exposure to energy related equities across developed markets.
Characteristics
Asset class
Developed Markets Equities
Geographical focus
Developed Markets
Traded / Risk currency
GBP / USD
Total expense ratio (TER)
0.3%
Type of fund
ETF
Investment style
Passive
Replication method
Physical
Replication strategy
Full
EQGB
EQGB
Provider: Invesco
Invesco Nasdaq 100 UCITS ETF (GBP hedged)
Benchmark
NASDAQ-100 Notional Net Total Return GBP hedged
Description
This ETF aims to track the performance of the Nasdaq-100 Notional Net Total Return Index. It provides GBP hedged exposure to the largest domestic and international non-financial companies listed on the NASDAQ Stock Market based on market capitalisation.
Investment team comments
This ETF provides GBP hedged and diversified exposure to US equities with a particular focus on the technology sector and high growth companies. The fund presents a diverse way to invest in high growth industries and companies, covering major sub-industry groups including computer hardware, software, telecommunications and retail.
Characteristics
Asset class
Developed Markets Equities
Geographical focus
United States
Traded / Risk currency
GBP / GBP
Total expense ratio (TER)
0.35%
Type of fund
ETF
Investment style
Passive
Replication method
Physical
Replication strategy
Full
EQQQ
EQQQ
Provider: Invesco
Invesco Nasdaq-100 UCITS ETF
Benchmark
NASDAQ-100 Notional Net Total Return
Description
This ETF aims to track the performance of the Nasdaq-100 Notional Net Total Return Index. It provides exposure to the largest domestic and international non-financial companies listed on the NASDAQ Stock Market based on market capitalisation.
Investment team comments
This ETF provides diversified exposure to US equities with a particular focus on the technology sector and high growth companies. The fund presents a diverse way to invest in high growth industries and companies, covering major sub-industry groups including computer hardware, software, telecommunications and retail.
Characteristics
Asset class
Developed Markets Equities
Geographical focus
United States
Traded / Risk currency
GBP / USD
Total expense ratio (TER)
0.3%
Type of fund
ETF
Investment style
Passive
Replication method
Physical
Replication strategy
Full
ESIN
ESIN
Provider: iShares
iShares MSCI Europe Industrials Sector UCITS ETF
Benchmark
MSCI Europe Industrials 20/35 Capped Index
Description
This ETF aims to track the performance of the MSCI Europe Industrials 20/35 Capped Index.
Investment team comments
This ETF provides exposure to European Industrials sector index.
Characteristics
Asset class
Developed Markets Equities
Geographical focus
Developed Markets
Traded / Risk currency
GBP / EUR
Total expense ratio (TER)
0.18%
Type of fund
ETF
Investment style
Passive
Replication method
Physical
Replication strategy
Full
EUSR
EUSR
Provider: UBS
UBS MSCI EMU Socially Responsible GBP Hedged UCITS ETF
Benchmark
MSCI EMU SRI Low Carbon Select 5% Issuer Capped GBP hedged
Description
This ETF aims to track the performance of the MSCI EMU SRI Low Carbon Select 5% Issuer Capped Index
Investment team comments
This ETF enables us to access companies in the Eurozone with outstanding environmental, social and governance ratings, whilst excluding companies that engage in controversial activities or whose products have negative social or environmental impacts. Socially responsible investment incorporates non-financial data alongside traditional investment metrics, with a belief that the companies that are best placed to operate successfully in the future are those with strong sustainability profiles, that do business in a fair and progressive way, and with a management team well aligned to investors interests.
Characteristics
Asset class
Developed Markets Equities
Geographical focus
Europe
Traded / Risk currency
GBP / GBP
Total expense ratio (TER)
0.27%
Type of fund
ETF
Investment style
Passive
Replication method
Physical
Replication strategy
Full
G500
G500
Provider: Invesco
Invesco S&P 500 UCITS ETF GBP Hedged
Benchmark
S&P 500 Net Total Return
Description
This ETF aims to track the performance of the S&P 500 index. It provides GBP hedged exposure to 500 of the largest US stocks.
Investment team comments
This ETF provides exposure to US largest companies GBP Hedged, by synthetic structure
Characteristics
Asset class
Developed Markets Equities
Geographical focus
United States
Traded / Risk currency
GBP / GBP
Total expense ratio (TER)
0.05%
Type of fund
ETF
Investment style
Passive
Replication method
Synthetic
Replication strategy
Derivative
GSPX
GSPX
Provider: iShares
iShares Core S&P 500 GBP Hedged UCITS ETF
Benchmark
S&P 500 Net Total Return GBP hedged
Description
This ETF aims to track the performance of the S&P 500 index. It provides GBP hedged exposure to 500 of the largest US stocks.
Investment team comments
The S&P 500 Index contains many of the largest companies in the world and benefits from the exposure to a broad range of market sectors. This ETF presents good value, gaining access to hedged US equity exposure at low cost.
Characteristics
Asset class
Developed Markets Equities
Geographical focus
United States
Traded / Risk currency
GBP / GBP
Total expense ratio (TER)
0.1%
Type of fund
ETF
Investment style
Passive
Replication method
Physical
Replication strategy
Full
IJPH
IJPH
Provider: iShares
iShares MSCI Japan GBP Hedged UCITS ETF
Benchmark
MSCI Japan 100% Hedged to GBP
Description
This ETF aims to track the performance of the MSCI Japan 100% Hedged to GBP Index as closely as possible. The index covers 85% of leading Japanese equity securities.
Investment team comments
Japan is the second largest stock market in the world, after the US. A broad range of stocks are listed on the exchange, giving exposure to both domestic and export-orientated companies.
Characteristics
Asset class
Developed Markets Equities
Geographical focus
Japan
Traded / Risk currency
GBP / JPY
Total expense ratio (TER)
0.64%
Type of fund
ETF
Investment style
Passive
Replication method
Physical
Replication strategy
Full
ISF
ISF
Provider: iShares
iShares FTSE 100 UCITS ETF
Benchmark
FTSE 100 Net Tax
Description
This ETF aims to track the performance of the FTSE 100 which comprises of 100 of the largest companies in the UK.
Investment team comments
For any UK-based investor, any stock market holdings are likely to contain an exposure to the largest 100 companies listed in the UK. This ETF delivers exceptional value for money, whilst also delivering very reliable performance.
Characteristics
Asset class
Developed Markets Equities
Geographical focus
United Kingdom
Traded / Risk currency
GBP / GBP
Total expense ratio (TER)
0.07%
Type of fund
ETF
Investment style
Passive
Replication method
Physical
Replication strategy
Full
ISJP
ISJP
Provider: iShares
iShares MSCI Japan Small Cap UCITS ETF
Benchmark
MSCI Japan Small Cap Net Total Return
Description
This ETF aims to track the performance of small cap Japanese stocks included in the MSCI Japan Small Cap Index.
Investment team comments
This ETF provides access to small cap Japanese equities. For investors with less concern for short term volatility, exposure to smaller companies can provide the opportunity for higher long term returns.
Characteristics
Asset class
Developed Markets Equities
Geographical focus
Japan
Traded / Risk currency
GBP / JPY
Total expense ratio (TER)
0.58%
Type of fund
ETF
Investment style
Passive
Replication method
Physical
Replication strategy
Full
ISP6
ISP6
Provider: iShares
iShares S&P SmallCap 600 UCITS ETF
Benchmark
S&P SmallCap 600 Net Total Return
Description
This ETF aims to track the Standard & Poor’s SmallCap 600 Index, offering exposure to 600 small US-listed companies.
Investment team comments
Compared to large cap stocks, small companies have a greater focus to the domestic economy. Compared to the S&P 500 index, which tracks the top 500 companies in the US, this index offers a more diverse range of companies. That said, small-company stocks are much more risky than large companies.
Characteristics
Asset class
Developed Markets Equities
Geographical focus
United States
Traded / Risk currency
GBP / USD
Total expense ratio (TER)
0.4%
Type of fund
ETF
Investment style
Passive
Replication method
Physical
Replication strategy
Full
IWDG
IWDG
Provider: iShares
iShares Core MSCI World UCITS ETF GBP Hedged
Benchmark
MSCI World GBP Hedged
Description
This fund aims to track the performance of the MSCI World Index.
Investment team comments
This ETF provides diversified large and mid cap exposure across global equities, covering 23 developed market countries and over 1500 underlying stocks.
Characteristics
Asset class
Developed Markets Equities
Geographical focus
Developed Markets
Traded / Risk currency
GBP / GBP
Total expense ratio (TER)
0.3%
Type of fund
ETF
Investment style
Passive
Replication method
Physical
Replication strategy
Full
JERE
JERE
Provider: JPMorgan
JPMorgan Europe Research Enhanced Index Equity ESG UCITS ETF
Benchmark
MSCI Europe
Description
This fund aims to achieve a long-term return in excess of the MSCI Europe Index by actively investing primarily in a portfolio of European companies.
Investment team comments
This ETF leverages JPMorgan's Research Enhanced Index approach, using in-depth stock specific insights from a global research team, seeking to outperform the underlying index after fees whilst maintaining a risk profile that closely resembles the index.
Characteristics
Asset class
Developed Markets Equities
Geographical focus
Europe
Traded / Risk currency
GBP / EUR
Total expense ratio (TER)
0.25%
Type of fund
ETF
Investment style
Active
Replication method
Physical
Replication strategy
Not Applicable
JGEP
JGEP
Provider: JPMorgan
JPMorgan Global Research Enhanced Index Equity ESG (GBP Hedged) UCITS ETF
Benchmark
MSCI World GBP Hedged
Description
This fund aims to achieve a long-term return in excess of the MSCI World Index by actively investing primarily in a portfolio of companies, globally. At the same time the fund hedges non-GBP currency exposure.
Investment team comments
This ETF leverages JPMorgan's Research Enhanced Index approach, using in-depth stock specific insights from a global research team, seeking to outperform the underlying index after fees whilst maintaining a risk profile that closely resembles the index and reducing exposure to non-GBP currencies.
Characteristics
Asset class
Developed Markets Equities
Geographical focus
Developed Markets
Traded / Risk currency
GBP / GBP
Total expense ratio (TER)
0.25%
Type of fund
ETF
Investment style
Active
Replication method
Physical
Replication strategy
Not Applicable
JGRE
JGRE
Provider: JPMorgan
JPMorgan Global Research Enhanced Index Equity ESG UCITS ETF
Benchmark
MSCI World
Description
This fund aims to achieve a long-term return in excess of the MSCI World Index by actively investing primarily in a portfolio of companies, globally.
Investment team comments
This ETF leverages JPMorgan's Research Enhanced Index approach, using in-depth stock specific insights from a global research team, seeking to outperform the underlying index after fees whilst maintaining a risk profile that closely resembles the index.
Characteristics
Asset class
Developed Markets Equities
Geographical focus
Developed Markets
Traded / Risk currency
GBP / Varied
Total expense ratio (TER)
0.25%
Type of fund
ETF
Investment style
Active
Replication method
Physical
Replication strategy
Not Applicable
JPSG
JPSG
Provider: iShares
iShares MSCI Japan SRI UCITS ETF (GBP Hedged)
Benchmark
MSCI Japan SRI Select Reduced Fossil Fuel
Description
This ETF aims to track the performance of the MSCI Japan SRI Reduced Fossil Fuels Index while minimising exposure to non-GBP currencies.
Investment team comments
This ETF provides exposure to companies in Japan with outstanding environmental, social and governance ratings, whilst excluding companies that engage in controversial activities or whose products have negative social or environmental impacts. Socially responsible investment incorporates non-financial data alongside traditional investment metrics, with a belief that the companies that are best placed to operate successfully in the future are those with strong sustainability profiles, that do business in a fair and progressive way, and with a management team well aligned to investors interests. The fund aims to reduce exposure to non-GBP currencies.
Characteristics
Asset class
Developed Markets Equities
Geographical focus
Japan
Traded / Risk currency
GBP / GBP
Total expense ratio (TER)
0.25%
Type of fund
ETF
Investment style
Passive
Replication method
Physical
Replication strategy
Full
JRAE
JRAE
Provider: JPMorgan
JPMorgan AC Asia Pacific ex Japan Research Enhanced Index Equity ESG UCITS ETF
Benchmark
MSCI AC Asia Pacific ex Japan Net Total Return USD Index
Description
This ETF aims to achieve a long-term return in excess of the Benchmark by actively investing primarily in a portfolio of Asia Pacific companies (excluding Japan).
Investment team comments
This ETF provides exposure to APAC ex Japan markets with an active fund management.
Characteristics
Asset class
Developed Markets Equities
Geographical focus
Asian Pacific Region ex Japan
Traded / Risk currency
GBP / Varied
Total expense ratio (TER)
0.3%
Type of fund
ETF
Investment style
Active
Replication method
Physical
Replication strategy
Actively Managed
JRJE
JRJE
Provider: JPMorgan
JPMorgan Japan Research Enhanced Index Equity ESG UCITS ETF
Benchmark
MSCI Japan
Description
This fund aims to achieve a long-term return in excess of the MSCI Japan Index by actively investing primarily in a portfolio of European companies.
Investment team comments
This ETF leverages JPMorgan's Research Enhanced Index approach, using in-depth stock specific insights from a global research team, seeking to outperform the underlying index after fees whilst maintaining a risk profile that closely resembles the index.
Characteristics
Asset class
Developed Markets Equities
Geographical focus
Developed Markets
Traded / Risk currency
GBP / JPY
Total expense ratio (TER)
0.25%
Type of fund
ETF
Investment style
Active
Replication method
Physical
Replication strategy
Not Applicable
JUKC
JUKC
Provider: JPMorgan
JPMorgan UK Equity Core UCITS ETF
Benchmark
FTSE All-Share Index
Description
This ETF aims to achieve a long-term return in excess of the FTSE All-Share Index by actively investing primarily in a portfolio of UK companies.
Investment team comments
This ETF leverages JPMorgan's fundamental research insights and quantitative analysis, which involves gathering information on firms, their competitors and engaging in discussions with a wide range of participants and experts in the relevant industry, seeking to outperform the underlying index after fees whilst maintaining a risk profile that closely resembles the index.
Characteristics
Asset class
Developed Markets Equities
Geographical focus
United Kingdom
Traded / Risk currency
GBP / GBP
Total expense ratio (TER)
0.25%
Type of fund
ETF
Investment style
Active
Replication method
Physical
Replication strategy
Not Applicable
JURE
JURE
Provider: JPMorgan
JPMorgan US Research Enhanced Index Equity ESG UCITS ETF
Benchmark
S&P 500
Description
This fund aims to achieve a long-term return in excess of the S&P 500 Index (Total Return Net) by actively investing primarily in a portfolio of US companies.
Investment team comments
This ETF leverages JPMorgan's Research Enhanced Index approach, using in-depth stock specific insights from a global research team, seeking to outperform the underlying index after fees whilst maintaining a risk profile that closely resembles the index.
Characteristics
Asset class
Developed Markets Equities
Geographical focus
United States
Traded / Risk currency
GBP / USD
Total expense ratio (TER)
0.2%
Type of fund
ETF
Investment style
Active
Replication method
Physical
Replication strategy
Not Applicable
LCJG
LCJG
Provider: Lyxor
Lyxor Core MSCI Japan UCITS ETF (GBP Hedged)
Benchmark
MSCI Japan Net Return GBP hedged
Description
This ETF aims to track the performance of the MSCI Japan MSCI Japan Daily Hedged to GBP Index as closely as possible. The index covers 85% of leading Japanese equity securities.
Investment team comments
Japan is the second largest stock market in the world, after the US. A broad range of stocks are listed on the exchange, giving exposure to both domestic and export-orientated companies.
Characteristics
Asset class
Developed Markets Equities
Geographical focus
Japan
Traded / Risk currency
GBP / GBP
Total expense ratio (TER)
0.2%
Type of fund
ETF
Investment style
Passive
Replication method
Physical
Replication strategy
Full
LCJP
LCJP
Provider: Lyxor
Lyxor Core MSCI Japan UCITS ETF
Benchmark
MSCI Japan Net Return
Description
This ETF aims to track the performance of the MSCI Japan Index as closely as possible. The index covers 85% of leading Japanese equity securities.
Investment team comments
Japan is the second largest stock market in the world, after the US. A broad range of stocks are listed on the exchange, giving exposure to both domestic and export-orientated companies.
Characteristics
Asset class
Developed Markets Equities
Geographical focus
Japan
Traded / Risk currency
GBP / JPY
Total expense ratio (TER)
0.12%
Type of fund
ETF
Investment style
Passive
Replication method
Physical
Replication strategy
Full
MIDD
MIDD
Provider: iShares
iShares FTSE 250 UCITS ETF
Benchmark
FTSE 250 Total Return
Description
This ETF aims to track the performance of the FTSE 250 index. The FTSE 250 is made up of the largest 250 UK stocks outside the FTSE 100, commonly known as 'mid-caps'.
Investment team comments
The FTSE 250 contains a broad mix of holdings and is not dominated by a few companies or sectors, unlike the FTSE 100. Over the long-term mid-sized UK companies have historically outperformed large UK companies, albeit with a higher level of risk.
Characteristics
Asset class
Developed Markets Equities
Geographical focus
United Kingdom
Traded / Risk currency
GBP / GBP
Total expense ratio (TER)
0.4%
Type of fund
ETF
Investment style
Passive
Replication method
Physical
Replication strategy
Full
R2SC
R2SC
Provider: State Street
SPDR Russell 2000 U.S. Small Cap UCITS ETF
Benchmark
Russell 2000 Net Return
Description
This ETF aims to track the performance of the Russell 2000 index, which provides exposure to 2000 small cap US companies.
Investment team comments
Compared to large cap stocks, small companies have a greater focus to the domestic economy. Compared to the S&P 500 index, which tracks the top 500 companies in the US, this index offers a more diverse range of companies at the heart of the real US economy. That said, small-company stocks are much more risky than large companies.
Characteristics
Asset class
Developed Markets Equities
Geographical focus
United States
Traded / Risk currency
GBP / USD
Total expense ratio (TER)
0.3%
Type of fund
ETF
Investment style
Passive
Replication method
Physical
Replication strategy
Optimised
SPXP
SPXP
Provider: Invesco
Invesco S&P 500 UCITS ETF
Benchmark
S&P 500 Net Total Return
Description
This ETF aims to track the performance of the S&P 500 Total Return (Net) Index.
Investment team comments
This ETF provides exposure to US largest companies, by synthetic structure
Characteristics
Asset class
Developed Markets Equities
Geographical focus
United States
Traded / Risk currency
GBP / GBP
Total expense ratio (TER)
0.05%
Type of fund
ETF
Investment style
Passive
Replication method
Synthetic
Replication strategy
Derivative
SRIU
SRIU
Provider: UBS
UBS MSCI USA Socially Responsible UCITS ETF
Benchmark
MSCI USA SRI Low Carbon Select 5% Issuer Capped Index
Description
This ETF aims to track the MSCI USA Socially Responsible 5% Issuer Capped Index.
Investment team comments
This ETF provides exposure to US companies with outstanding environmental, social and governance ratings whilst excluding companies that engage in controversial activities or whose products have negative social or environmental impacts. Socially responsible investment incorporates non-financial data alongside traditional investment metrics, with a belief that the companies that are best placed to operate successfully in the future are those with strong sustainability profiles, that do business in a fair and progressive way, and with a management team well aligned to investors interests.
Characteristics
Asset class
Developed Markets Equities
Geographical focus
United States
Traded / Risk currency
GBP / USD
Total expense ratio (TER)
0.22%
Type of fund
ETF
Investment style
Passive
Replication method
Physical
Replication strategy
Full
SRIW
SRIW
Provider: UBS
UBS MSCI World Socially Responsible UCITS ETF
Benchmark
MSCI World SRI Low Carbon Select 5% Capped Select Net
Description
This ETF aims to track the performance of the MSCI World SRI Low Carbon Select 5% Capped Select Net Index.
Investment team comments
This ETF provides exposure to companies with outstanding environmental, social and governance ratings across both developed and emerging equity markets, whilst excluding companies that engage in controversial activities or whose products have negative social or environmental impacts. Socially responsible investment incorporates non-financial data alongside traditional investment metrics, with a belief that the companies that are best placed to operate successfully in the future are those with strong sustainability profiles, that do business in a fair and progressive way, and with a management team well aligned to investors interests.
Characteristics
Asset class
Developed Markets Equities
Geographical focus
Developed Markets
Traded / Risk currency
GBP / Varied
Total expense ratio (TER)
0.22%
Type of fund
ETF
Investment style
Passive
Replication method
Physical
Replication strategy
Full
SRUG
SRUG
Provider: UBS
UBS MSCI USA Socially Responsible GBP Hedged ETF
Benchmark
MSCI USA SRI Low Carbon Select 5% Capped GBP hedged
Description
This ETF aims to track the MSCI USA SRI Low Carbon Select 5% Capped in a GBP hedged manner.
Investment team comments
This ETF provides exposure to US companies with outstanding environmental, social and governance ratings, whilst excluding companies that engage in controversial activities or whose products have negative social or environmental impacts. Socially responsible investment incorporates non-financial data alongside traditional investment metrics, with a belief that the companies that are best placed to operate successfully in the future are those with strong sustainability profiles, that do business in a fair and progressive way, and with a management team well aligned to investors interests.
Characteristics
Asset class
Developed Markets Equities
Geographical focus
United States
Traded / Risk currency
GBP / GBP
Total expense ratio (TER)
0.25%
Type of fund
ETF
Investment style
Passive
Replication method
Physical
Replication strategy
Full
SRWG
SRWG
Provider: UBS
UBS MSCI World Socially Responsible UCITS ETF
Benchmark
MSCI World SRI Low Carbon Select 5% Capped Select Net Total Return GBP hedged
Description
This ETF aims to track the performance of the MSCI World SRI Low Carbon Select 5% Capped Select Net GBP Hedged Index.
Investment team comments
This ETF provides exposure to companies with outstanding environmental, social and governance ratings across both developed and emerging equity markets, whilst excluding companies that engage in controversial activities or whose products have negative social or environmental impacts. Socially responsible investment incorporates non-financial data alongside traditional investment metrics, with a belief that the companies that are best placed to operate successfully in the future are those with strong sustainability profiles, that do business in a fair and progressive way, and with a management team well aligned to investors interests.
Characteristics
Asset class
Developed Markets Equities
Geographical focus
Developed Markets
Traded / Risk currency
GBP / Varied
Total expense ratio (TER)
0.27%
Type of fund
ETF
Investment style
Passive
Replication method
Physical
Replication strategy
Full
SUAP
SUAP
Provider: iShares
iShares MSCI USA SRI (GBP Hedged) UCITS ETF
Benchmark
MSCI USA SRI Select Reduced Fossil Fuel Index
Description
This ETF aims to track the performance of the MSCI USA SRI Select Reduced Fossil Fuel Index in a GBP hedged manner.
Investment team comments
This ETF offers GBP hedged exposure to companies in the United States with outstanding environmental, social and governance ratings, whilst excluding companies that engage in controversial activities or whose products have negative social or environmental impacts. Socially responsible investment incorporates non-financial data alongside traditional investment metrics, with a belief that the companies that are best placed to operate successfully in the future are those with strong sustainability profiles, that do business in a fair and progressive way, and with a management team well aligned to investors interests.
Characteristics
Asset class
Developed Markets Equities
Geographical focus
United States
Traded / Risk currency
GBP / GBP
Total expense ratio (TER)
0.2%
Type of fund
ETF
Investment style
Passive
Replication method
Physical
Replication strategy
Full
SUJA
SUJA
Provider: iShares
iShares MSCI Japan SRI UCITS ETF
Benchmark
MSCI Japan SRI Select Reduced Fossil Fuel
Description
This ETF aims to track the performance of the MSCI Japan SRI Reduced Fossil Fuels Index.
Investment team comments
This ETF provides exposure to companies in Japan with outstanding environmental, social and governance ratings, whilst excluding companies that engage in controversial activities or whose products have negative social or environmental impacts. Socially responsible investment incorporates non-financial data alongside traditional investment metrics, with a belief that the companies that are best placed to operate successfully in the future are those with strong sustainability profiles, that do business in a fair and progressive way, and with a management team well aligned to investors interests.
Characteristics
Asset class
Developed Markets Equities
Geographical focus
Japan
Traded / Risk currency
GBP / JPY
Total expense ratio (TER)
0.2%
Type of fund
ETF
Investment style
Passive
Replication method
Physical
Replication strategy
Full
SUUS
SUUS
Provider: iShares
iShares MSCI USA SRI UCITS ETF
Benchmark
MSCI USA SRI Select Reduced Fossil Fuel
Description
This ETF aims to track the performance of the MSCI USA SRI Select Reduced Fossil Fuel Index
Investment team comments
This ETF offers exposure to companies in the United States with outstanding environmental, social and governance ratings, whilst excluding companies that engage in controversial activities or whose products have negative social or environmental impacts. Socially responsible investment incorporates non-financial data alongside traditional investment metrics, with a belief that the companies that are best placed to operate successfully in the future are those with strong sustainability profiles, that do business in a fair and progressive way, and with a management team well aligned to investors interests.
Characteristics
Asset class
Developed Markets Equities
Geographical focus
United States
Traded / Risk currency
GBP / USD
Total expense ratio (TER)
0.2%
Type of fund
ETF
Investment style
Passive
Replication method
Physical
Replication strategy
Full
UB0D
UB0D
Provider: UBS
UBS MSCI Japan UCITS ETF (GBP Hedged)
Benchmark
MSCI Japan 100% Hedged to GBP
Description
This ETF aims to track the performance of the MSCI Japan 100% Hedged to GBP Index as closely as possible. The index covers 85% of leading Japanese equity securities.
Investment team comments
Japan is the second largest stock market in the world, after the US. A broad range of stocks are listed on the exchange, giving exposure to both domestic and export-orientated companies.
Characteristics
Asset class
Developed Markets Equities
Geographical focus
Japan
Traded / Risk currency
GBP / GBP
Total expense ratio (TER)
0.29%
Type of fund
ETF
Investment style
Passive
Replication method
Physical
Replication strategy
Full
UB23
UB23
Provider: UBS
UBS MSCI Canada UCITS ETF
Benchmark
MSCI Canada Net Total Return
Description
This ETF aims to track the MSCI Canada Index, consisting of the largest Canadian stocks.
Investment team comments
This ETF enables us to invest in the largest part of the Canadian stock market. The Canadian stock market is dominated by financial and energy stocks. The Canadian dollar is known as a 'Commodities & Natural Resources currency' (due to the high level of Commodities & Natural Resources exports).
Characteristics
Asset class
Developed Markets Equities
Geographical focus
Canada
Traded / Risk currency
GBP / CAD
Total expense ratio (TER)
0.33%
Type of fund
ETF
Investment style
Passive
Replication method
Physical
Replication strategy
Full
UB39
UB39
Provider: UBS
UBS MSCI EMU Socially Responsible UCITS ETF
Benchmark
MSCI EMU SRI Low Carbon Select 5% Issuer Capped
Description
This ETF aims to track the performance of the MSCI EMU SRI Low Carbon Select 5% Issuer Capped Index
Investment team comments
This ETF enables us to access companies in the Eurozone with outstanding environmental, social and governance ratings, whilst excluding companies that engage in controversial activities or whose products have negative social or environmental impacts. Socially responsible investment incorporates non-financial data alongside traditional investment metrics, with a belief that the companies that are best placed to operate successfully in the future are those with strong sustainability profiles, that do business in a fair and progressive way, and with a management team well aligned to investors interests.
Characteristics
Asset class
Developed Markets Equities
Geographical focus
Europe
Traded / Risk currency
GBP / EUR
Total expense ratio (TER)
0.22%
Type of fund
ETF
Investment style
Passive
Replication method
Physical
Replication strategy
Full
UB69
UB69
Provider: UBS
UBS MSCI EMU Small Cap UCITS ETF
Benchmark
MSCI EMU Small Cap Net Total Return
Description
The ETF aims to track the performance of the MSCI EMU Small Cap Index, comprised of smaller capitalisation companies from the 10 developed markets within the Eurozone.
Investment team comments
This ETF provides access to small cap Eurozone equities. For investors with less concern for short term volatility, exposure to smaller companies can provide the opportunity for higher long term returns.
Characteristics
Asset class
Developed Markets Equities
Geographical focus
Europe ex UK
Traded / Risk currency
GBP / GBP
Total expense ratio (TER)
0.33%
Type of fund
ETF
Investment style
Passive
Replication method
Physical
Replication strategy
Full
UC87
UC87
Provider: UBS
UBS MSCI Canada UCITS ETF
Benchmark
MSCI Canada GBP hedged
Description
This ETF aims to track the MSCI Canada GBP Hedged index, consisting of the largest Canadian stocks, independent of movements in the pound/euro exchange rate (currency hedged)
Investment team comments
This ETF enables us to invest in the largest part of the Canadian stock market, while eliminating CAD currency risk. The Canadian stock market is dominated by financial and energy stocks. The Canadian dollar is known as a 'Commodities & Natural Resources currency' (due to the high level of Commodities & Natural Resources exports), and because of the volatility that can be associated with this we have chosen to hedge against movements in the value of the currency.
Characteristics
Asset class
Developed Markets Equities
Geographical focus
Canada
Traded / Risk currency
GBP / GBP
Total expense ratio (TER)
0.43%
Type of fund
ETF
Investment style
Passive
Replication method
Physical
Replication strategy
Full
UC94
UC94
Provider: UBS
UBS MSCI Switzerland 20/35 UCITS ETF (GBP Hedged)
Benchmark
MSCI Switzerland 20/35 GBP hedged
Description
This ETF aims to track the MSCI Switzerland 20/35 Index, independent of movements in the pound/euro exchange rate (currency hedged). The index provides a more diverse exposure to the largest Swiss stocks, limiting the largest holding to 35% and all other holdings to a maximum of 20%.
Investment team comments
This ETF enables us to invest in the Swiss stock market, while eliminating CHF currency risk. The Swiss stock market is home to some of the most well known global brands, such as Nestle, Novartis and UBS. However, the market is dominated by several large names, with the top ten largest stocks accounting for most of the exposure. This ETF looks to limit the exposure to the larger companies in a sensible and pragmatic manner.
Characteristics
Asset class
Developed Markets Equities
Geographical focus
Switzerland
Traded / Risk currency
GBP / GBP
Total expense ratio (TER)
0.3%
Type of fund
ETF
Investment style
Passive
Replication method
Physical
Replication strategy
Full
UIFS
UIFS
Provider: iShares
iShares S&P 500 Financials Sector UCITS ETF
Benchmark
S&P 500 Capped 35/20 Financial Services Net Total Return
Description
This ETF aims to track the performance of the S&P 500 Capped 35/20 Financial Services. The index consists of all financial services organisations included within the wider S&P 500 index.
Investment team comments
The financial sector plays a key role in the global economy, none more so than in the United States. As the US economy continues to strengthen, financial services businesses will play an important role through the provision of loans, insurance and other financial services products to US consumers and businesses. This ETF provides a very low cost and efficient way to access the financial services sector in the United States, which includes many globally focused financial services organisations such as banks and insurance companies, listed on the US stock market.
Characteristics
Asset class
Developed Markets Equities
Geographical focus
United States
Traded / Risk currency
GBP / USD
Total expense ratio (TER)
0.15%
Type of fund
ETF
Investment style
Passive
Replication method
Physical
Replication strategy
Full
UKSR
UKSR
Provider: UBS
UBS MSCI United Kingdom IMI Socially Responsible UCITS ETF
Benchmark
MSCI UK IMI Extended SRI Low Carbon Select 5% Issuer Capped
Description
This ETF aims to track the performance of the MSCI UK IMI Extended SRI Low Carbon Select 5% Issuer Capped Index
Investment team comments
This ETF allows us to access companies in the United Kingdom with outstanding environmental, social and governance ratings, whilst excluding companies that engage in controversial activities or whose products have negative social or environmental impacts. Socially responsible investment incorporates non-financial data alongside traditional investment metrics, with a belief that the companies that are best placed to operate successfully in the future are those with strong sustainability profiles, that do business in a fair and progressive way, and with a management team well aligned to investors interests.
Characteristics
Asset class
Developed Markets Equities
Geographical focus
United Kingdom
Traded / Risk currency
GBP / GBP
Total expense ratio (TER)
0.23%
Type of fund
ETF
Investment style
Passive
Replication method
Physical
Replication strategy
Full
VERX
VERX
Provider: Vanguard
Vanguard FTSE Developed Europe ex UK UCITS ETF
Benchmark
FTSE Developed Europe ex.UK Net Tax
Description
This ETF aims to track the performance of the FTSE Developed Europe ex. UK Index. It provides exposure to 15 European countries (excluding the UK) with the largest holdings in France, Germany and Switzerland.
Investment team comments
The fund enables us to gain broad exposure to a diverse range of European companies across Europe. Whilst a large part of the exposure is to the dominant economic countries of Germany, Switzerland and France, the fund also includes exposure to the wider continental European economy.
Characteristics
Asset class
Developed Markets Equities
Geographical focus
Europe ex UK
Traded / Risk currency
GBP / EUR
Total expense ratio (TER)
0.1%
Type of fund
ETF
Investment style
Passive
Replication method
Physical
Replication strategy
Full
VJPN
VJPN
Provider: Vanguard
Vanguard FTSE Japan UCITS ETF
Benchmark
FTSE Japan
Description
This ETF aims to track the performance of the FTSE Japan Index as closely as possible. The index covers 99% of leading Japanese equity securities.
Investment team comments
Japan is the second largest stock market in the world, after the US. A broad range of stocks are listed on the exchange, giving exposure to both domestic and export-orientated companies.
Characteristics
Asset class
Developed Markets Equities
Geographical focus
Japan
Traded / Risk currency
GBP / JPY
Total expense ratio (TER)
0.15%
Type of fund
ETF
Investment style
Passive
Replication method
Physical
Replication strategy
Full
VMID
VMID
Provider: Vanguard
Vanguard FTSE 250 UCITS ETF
Benchmark
FTSE 250 Net Total Return
Description
This ETF aims to track the performance of the FTSE 250 index. The FTSE 250 is made up of the largest 250 UK stocks outside the FTSE 100, commonly known as 'mid-caps'.
Investment team comments
The FTSE 250 contains a broad mix of holdings and is not dominated by a few companies or sectors, unlike the FTSE 100. Over the long-term mid-sized UK companies have historically outperformed large UK companies, albeit with a higher level of risk.
Characteristics
Asset class
Developed Markets Equities
Geographical focus
United Kingdom
Traded / Risk currency
GBP / GBP
Total expense ratio (TER)
0.1%
Type of fund
ETF
Investment style
Passive
Replication method
Physical
Replication strategy
Full
VUKE
VUKE
Provider: Vanguard
Vanguard FTSE 100 UCITS ETF
Benchmark
FTSE 100 Net Tax
Description
This ETF aims to track the performance of the FTSE 100 which comprises of 100 of the largest companies in the UK.
Investment team comments
For any UK-based investor, any stock market holdings are likely to contain an exposure to the largest 100 companies listed in the UK. This ETF is an excellent example of how investing in ETFs can be extremely cost effective and deliver very reliable performance.
Characteristics
Asset class
Developed Markets Equities
Geographical focus
United Kingdom
Traded / Risk currency
GBP / GBP
Total expense ratio (TER)
0.09%
Type of fund
ETF
Investment style
Passive
Replication method
Physical
Replication strategy
Full
VUSA
VUSA
Provider: Vanguard
Vanguard S&P 500 UCITS ETF
Benchmark
S&P 500 Net Total Return
Description
This ETF aims to track the performance of the Standard & Poor 500 Index. The S&P 500 is based on the top 500 publicly traded American companies.
Investment team comments
The S&P 500 Index contains many of the largest companies in the world and benefits from the exposure to a broad range of market sectors. This ETF presents good value, gaining access to US equity exposure at low cost.
Characteristics
Asset class
Developed Markets Equities
Geographical focus
United States
Traded / Risk currency
GBP / USD
Total expense ratio (TER)
0.07%
Type of fund
ETF
Investment style
Passive
Replication method
Physical
Replication strategy
Full
WENS
WENS
Provider: iShares
iShares MSCI World Energy Sector UCITS ETF
Benchmark
MSCI World Energy Index
Description
This ETF aims to track the performance of large and medium sized companies within the energy sector of developed markets.
Investment team comments
This ETF provides a low cost route to gain exposure to energy related equities across developed markets.
Characteristics
Asset class
Developed Markets Equities
Geographical focus
Developed Markets
Traded / Risk currency
GBP / USD
Total expense ratio (TER)
0.25%
Type of fund
ETF
Investment style
Passive
Replication method
Physical
Replication strategy
Full
XD5S
XD5S
Provider: DWS
Xtrackers MSCI EMU Index UCITS ETF GBP Hedged
Benchmark
MSCI EMU Net Total Return GBP hedged
Description
This ETF aims to track the performance of the MSCI EMU Index, independent of movements in the pound/euro exchange rate (currency hedged). It provides exposure to the 11 countries of the Eurozone with the largest holdings in France, Germany and Spain.
Investment team comments
This ETF enables us to invest across the broad range of companies in the Eurozone, while eliminating euro currency risk. Investing across the Euro-area offers a very diverse range of companies and sectors, such as the industrials of Germany and the consumer companies of the Netherlands.
Characteristics
Asset class
Developed Markets Equities
Geographical focus
Europe
Traded / Risk currency
GBP / GBP
Total expense ratio (TER)
0.17%
Type of fund
ETF
Investment style
Passive
Replication method
Physical
Replication strategy
Full
XDN0
XDN0
Provider: DWS
Xtrackers MSCI Nordic UCITS ETF
Benchmark
MSCI Nordic Net Total Return
Description
This ETF aims to track the performance of the MSCI Nordic Countries Index, providing exposure to companies across the Nordic region.
Investment team comments
This ETF enables us to gain broad exposure to a portfolio of large and medium sized companies from across the Nordic countries of Sweden, Denmark, Finland and Norway. Exposure to the Nordic economies allows us to diversify our European holdings and provides differentiated industry and currency exposure.
Characteristics
Asset class
Developed Markets Equities
Geographical focus
Nordic Region
Traded / Risk currency
GBP / Varied
Total expense ratio (TER)
0.3%
Type of fund
ETF
Investment style
Passive
Replication method
Physical
Replication strategy
Full
XDPG
XDPG
Provider: DWS
Xtrackers S&P 500 GBP Hedged UCITS ETF
Benchmark
S&P 500 GBP hedged
Description
This ETF aims to track the performance of the S&P 500 GBP Hedged Index. It provides exposure to 500 of the largest US stocks while attempting to minimise currency risk by entering into forward foreign exchange contracts to 'hedge' US dollar currency exposure.
Investment team comments
The S&P 500 Index contains many of the largest companies in the world and benefits from the exposure to a broad range of market sectors. This ETF presents good value, gaining access to hedged US equity exposure at low cost.
Characteristics
Asset class
Developed Markets Equities
Geographical focus
United States
Traded / Risk currency
GBP / GBP
Total expense ratio (TER)
0.09%
Type of fund
ETF
Investment style
Passive
Replication method
Physical
Replication strategy
Full
XDUS
XDUS
Provider: DWS
Xtrackers MSCI USA Index UCITS ETF
Benchmark
MSCI USA Net Total Return
Description
This ETF aims to track the MSCI USA index, which provides exposure to large and mid sized companies in the USA.
Investment team comments
The MSCI USA Index contains many of the largest companies in the world and benefits from the exposure to a broad range of market sectors. It includes a higher number of stocks than the S&P 500 index, with more medium sized businesses.
Characteristics
Asset class
Developed Markets Equities
Geographical focus
United States
Traded / Risk currency
GBP / USD
Total expense ratio (TER)
0.07%
Type of fund
ETF
Investment style
Passive
Replication method
Physical
Replication strategy
Full
XPXJ
XPXJ
Provider: DWS
Xtrackers MSCI Pacific ex Japan ESG Screened UCITS ETF
Benchmark
MSCI Pacific ex Japan Select ESG Screened Index
Description
This ETF aims to track the MSCI Pacific ex Japan Select ESG Screened Index which is designed to measure the performance of the largest companies in Australia, Hong Kong, Singapore and New Zealand.
Investment team comments
These Pacific economies have impressive combinations of abundant natural resources, large educated workforces and huge regional markets. Companies in this index hope to exploit these factors to produce excellent returns for investors. The index screens a small subset of the index that has the lowest ESG scores or are involved in certain business activities or controversies.
Characteristics
Asset class
Developed Markets Equities
Geographical focus
Asian Pacific Region ex Japan
Traded / Risk currency
GBP / Varied
Total expense ratio (TER)
0.25%
Type of fund
ETF
Investment style
Passive
Replication method
Physical
Replication strategy
Full
XSFN
XSFN
Provider: DWS
Xtrackers MSCI USA Financials UCITS ETF
Benchmark
MSCI USA Financials Net Return
Description
This ETF aims to track the performance of large and medium sized companies within the US financial sector.
Investment team comments
The financial sector plays a key role in the global economy, none more so than in the United States. As the US economy continues to strengthen, financial services businesses will play an important role through the provision of loans, insurance and other financial services products to US consumers and businesses. This ETF provides a very low cost and efficient way to access the financial services sector in the United States, which includes many globally focused financial services organisations such as banks and insurance companies, listed on the US stock market.
Characteristics
Asset class
Developed Markets Equities
Geographical focus
United States
Traded / Risk currency
GBP / USD
Total expense ratio (TER)
0.12%
Type of fund
ETF
Investment style
Passive
Replication method
Physical
Replication strategy
Full
Emerging Market Equities
Shares in companies from developing economies, including China, South Korea and Brazil. These shares carry significantly more risk than companies in developed markets.
EMIM
EMIM
Provider: iShares
iShares Core MSCI Emerging Markets IMI UCITS ETF
Benchmark
MSCI EM Emerging Markets IMI Net Total Return
Description
This ETF aims to track the performance of the MSCI Emerging Markets IMI index providing exposure to large, mid and small cap companies in emerging market countries.
Investment team comments
This ETF provides exposure to a range of Emerging Market stocks, listed across 24 countries such as China, South Korea, Taiwan and India. The fund provides exposure to large, medium and small sized companies, covering 99% of emerging country stock markets for a peer group leading fee. This is one of the best value ETFs available for emerging market exposure in our view, providing access to 99% of the worlds emerging market stocks for a very low fee.
Characteristics
Asset class
Emerging Markets Equities
Geographical focus
Emerging Markets
Traded / Risk currency
GBP / Varied
Total expense ratio (TER)
0.18%
Type of fund
ETF
Investment style
Passive
Replication method
Physical
Replication strategy
Optimised
EXCS
EXCS
Provider: iShares
iShares MSCI EM EX-China UCITS ETF
Benchmark
MSCI EM EX-China Index
Description
This ETF aims to track the performance of the MSCI Emerging Markets ex China Index.
Investment team comments
This ETF provides exposure to a range of Emerging Market stocks, listed across countries such as South Korea, Taiwan and India but excluding China. The fund provides exposure to large and medium sized companies. Growth in the underlying economies of many of these nations, mean they are well placed to deliver returns over the long term to investors who are comfortable with the higher volatility.
Characteristics
Asset class
Emerging Markets Equities
Geographical focus
Emerging Markets
Traded / Risk currency
GBP / Varied
Total expense ratio (TER)
0.18%
Type of fund
ETF
Investment style
Passive
Replication method
Physical
Replication strategy
Full
JMRE
JMRE
Provider: JPMorgan
JPMorgan Global Emerging Markets Research Enhanced Index Equity ESG UCITS ETF
Benchmark
MSCI Emerging Markets
Description
This fund aims to achieve a long-term return in excess of the MSCI Europe Index by actively investing primarily in a portfolio of emerging market companies.
Investment team comments
This ETF leverages JPMorgan's Research Enhanced Index approach, using in-depth stock specific insights from a global research team, seeking to outperform the underlying index after fees whilst maintaining a risk profile that closely resembles the index.
Characteristics
Asset class
Emerging Markets Equities
Geographical focus
Emerging Markets
Traded / Risk currency
GBP / Varied
Total expense ratio (TER)
0.3%
Type of fund
ETF
Investment style
Active
Replication method
Physical
Replication strategy
Not Applicable
SUES
SUES
Provider: iShares
iShares MSCI EM SRI UCITS ETF
Benchmark
MSCI EM SRI Select Reduced Fossil Fuel Net Index
Description
This ETF aims to track the performance of the MSCI Emerging Markets SRI Low Carbon Select 5% Issuer Capped Index.
Investment team comments
This ETF offers exposure to companies across emerging markets with outstanding environmental, social and governance ratings, whilst excluding companies that engage in controversial activities or whose products have negative social or environmental impacts. Socially responsible investment incorporates non-financial data alongside traditional investment metrics, with a belief that the companies that are best placed to operate successfully in the future are those with strong sustainability profiles, that do business in a fair and progressive way, and with a management team well aligned to investors interests.
Characteristics
Asset class
Emerging Markets Equities
Geographical focus
Emerging Markets
Traded / Risk currency
GBP / Varied
Total expense ratio (TER)
0.25%
Type of fund
ETF
Investment style
Passive
Replication method
Physical
Replication strategy
Full
UC79
UC79
Provider: UBS
UBS MSCI Emerging Markets Socially Responsible UCITS ETF
Benchmark
MSCI Emerging Markets SRI Low Carbon Select 5% Issuer Capped
Description
This ETF aims to track the performance of the MSCI Emerging Markets SRI Low Carbon Select 5% Issuer Capped Index.
Investment team comments
This ETF offers exposure to companies across emerging markets with outstanding environmental, social and governance ratings, whilst excluding companies that engage in controversial activities or whose products have negative social or environmental impacts. Socially responsible investment incorporates non-financial data alongside traditional investment metrics, with a belief that the companies that are best placed to operate successfully in the future are those with strong sustainability profiles, that do business in a fair and progressive way, and with a management team well aligned to investors interests.
Characteristics
Asset class
Emerging Markets Equities
Geographical focus
Emerging Markets
Traded / Risk currency
GBP / Varied
Total expense ratio (TER)
0.27%
Type of fund
ETF
Investment style
Passive
Replication method
Physical
Replication strategy
Optimised
XMMS
XMMS
Provider: DWS
Xtrackers MSCI Emerging Markets UCITS ETF
Benchmark
MSCI Emerging Markets Net Total Return
Description
This ETF aims to track the performance of the MSCI Emerging Markets Index.
Investment team comments
This ETF provides exposure to a range of Emerging Market stocks, listed across 24 countries such as China, South Korea, Taiwan and India. The fund provides exposure to large and medium sized companies, covering 85% of emerging country stock markets for a peer group leading fee. Growth in the underlying economies of many of these nations, mean they are well placed to deliver returns over the long term to investors who are comfortable with the higher volatility.
Characteristics
Asset class
Emerging Markets Equities
Geographical focus
Emerging Markets
Traded / Risk currency
GBP / Varied
Total expense ratio (TER)
0.18%
Type of fund
ETF
Investment style
Passive
Replication method
Physical
Replication strategy
Optimised
Government Bonds Developed Markets
Government bonds which pay regular interest based on their face value. They are generally regarded as a very safe investment, unless the government becomes unable (or unwilling) to pay its debtors.
BBGE
BBGE
Provider: JPMorgan
JPMorgan BetaBuilders EUR Govt Bond UCITS ETF
Benchmark
JPMorgan EMU Government Bond Index Select Maturity
Description
This fund aims to provide an exposure to the performance of Euro-denominated bonds that have been issued by governments of Eurozone countries.
Investment team comments
This ETF provides a low cost and efficient way to diversify fixed income exposure. European government bonds are highly liquid and considered one of the safest investment assets.
Characteristics
Asset class
Developed Markets Government Bonds
Geographical focus
Europe
Traded / Risk currency
GBP / EUR
Total expense ratio (TER)
0.1%
Type of fund
ETF
Investment style
Passive
Replication method
Physical
Replication strategy
Full
BBTP
BBTP
Provider: JPMorgan
JPMorgan BetaBuilders US Treasury Bond UCITS ETF
Benchmark
JPMorgan Government Bond Index United States Select Maturity
Description
This fund aims to provide an exposure to the performance of US Dollar-denominated fixed rate government bonds issued by the US Treasury.
Investment team comments
This ETF provides a low cost and efficient way to diversify fixed income exposure. US Treasuries are highly liquid and considered one of the safest investment assets.
Characteristics
Asset class
Developed Markets Government Bonds
Geographical focus
United States
Traded / Risk currency
GBP / GBP
Total expense ratio (TER)
0.1%
Type of fund
ETF
Investment style
Passive
Replication method
Physical
Replication strategy
Full
GIL5
GIL5
Provider: Lyxor
Lyxor UK Government Bond 0-5Y UCITS ETF
Benchmark
FTSE Actuaries UK Gilts Under 5 Years
Description
This ETF aims to track the performance of UK government bonds (also known as gilts) with a term to maturity of zero to five years.
Investment team comments
UK Government bonds ('gilts') are regarded as one of the safest asset classes for UK investors. They offer investors modest returns at low levels of risk. Government bonds have produced abnormally good returns for investors over the past 20 years. Even though future returns from gilts are likely to be lower, they are useful tool in a diversified portfolio as government bonds typically rise in value when stock markets decline. This ETF is also considerably better value than peers and provides reduced sensitivity to interest rates.
Characteristics
Asset class
Developed Markets Government Bonds
Geographical focus
United Kingdom
Traded / Risk currency
GBP / GBP
Total expense ratio (TER)
0.05%
Type of fund
ETF
Investment style
Passive
Replication method
Physical
Replication strategy
Optimised
GILS
GILS
Provider: Lyxor
Lyxor Core UK Government Bond UCITS ETF
Benchmark
FTSE Actuaries UK Conventional Gilts Total Return
Description
This ETF aims to track the performance of UK government bonds (also known as gilts).
Investment team comments
UK Government bonds ('gilts') are regarded as one of the safest asset classes for UK investors. They offer investors modest returns at low levels of risk. Government bonds have produced abnormally good returns for investors over the past 20 years. Even though future returns from gilts are likely to be lower, they are useful tool in a diversified portfolio as government bonds typically rise in value when stock markets decline. This ETF is also considerably better value than peers.
Characteristics
Asset class
Developed Markets Government Bonds
Geographical focus
United Kingdom
Traded / Risk currency
GBP / GBP
Total expense ratio (TER)
0.05%
Type of fund
ETF
Investment style
Passive
Replication method
Physical
Replication strategy
Optimised
GLTL
GLTL
Provider: State Street
SPDR Bloomberg 15+ Year Gilt UCITS ETF
Benchmark
Bloomberg 15+ Year Gilt Total Return
Description
This ETF aims to track the Bloomberg 15+ Year Gilt index.
Investment team comments
This ETF provides exposure to longer maturity UK government bonds. Longer maturity bonds have a higher sensitivity to interest rates, known as 'duration'. This makes them a very useful defensive asset in portfolios.
Characteristics
Asset class
Developed Markets Government Bonds
Geographical focus
United Kingdom
Traded / Risk currency
GBP / GBP
Total expense ratio (TER)
0.15%
Type of fund
ETF
Investment style
Passive
Replication method
Physical
Replication strategy
Full
IBTL
IBTL
Provider: iShares
iShares USD Treasury Bond 20+ Year UCITS ETF
Benchmark
ICE U.S. Treasury 20+ Year Total Return
Description
This ETF aims to track the performance of the ICE U.S. Treasury 20+ Years Bond Index, providing exposure to U.S. Treasury issued dollar denominated, fixed rate securities with a minimum term to maturity of greater than twenty years.
Investment team comments
This ETF provides exposure to longer maturity US Treasuries, considered amongst the safest investment assets available. This ETF provides a low cost and efficient way in diversifying fixed income exposure, as US Treasuries are highly liquid and considered one of the safest investment assets.
Characteristics
Asset class
Developed Markets Government Bonds
Geographical focus
United States
Traded / Risk currency
GBP / USD
Total expense ratio (TER)
0.07%
Type of fund
ETF
Investment style
Passive
Replication method
Physical
Replication strategy
Optimised
IBTS
IBTS
Provider: iShares
iShares USD Treasury Bond 1-3 Year UCITS ETF
Benchmark
ICE U.S. Treasury 1-3 Year Total Return
Description
This ETF aims to track the performance of the ICE U.S. Treasury 1-3 Year Bond Index, providing exposure to U.S. Treasury issued dollar denominated, fixed rate securities with a term to maturity between 1-3 years.
Investment team comments
This ETF provides exposure to shorter maturity US Treasuries, considered amongst the safest investment assets available. The fund provides a low cost and efficient way in diversifying fixed income exposure, as US Treasuries are highly liquid and considered one of the safest investment assets.
Characteristics
Asset class
Developed Markets Government Bonds
Geographical focus
United States
Traded / Risk currency
GBP / USD
Total expense ratio (TER)
0.07%
Type of fund
ETF
Investment style
Passive
Replication method
Physical
Replication strategy
Optimised
IDTG
IDTG
Provider: iShares
iShares USD Treasury Bond 20+ Year (GBP Hedged) UCITS ETF
Benchmark
ICE U.S. Treasury 20+ Years Bond Index
Description
This ETF aims to track the performance of the ICE U.S. Treasury 20+ Years Bond Index, providing exposure to U.S. Treasury issued dollar denominated, fixed rate securities with a minimum term to maturity of greater than twenty years. The fund hedges non-GBP currency exposure.
Investment team comments
This ETF provides exposure to longer maturity US Treasuries, considered amongst the safest investment assets available. This ETF provides a low cost and efficient way in diversifying fixed income exposure, as US Treasuries are highly liquid and considered one of the safest investment assets.
Characteristics
Asset class
Developed Markets Government Bonds
Geographical focus
United States
Traded / Risk currency
GBP / GBP
Total expense ratio (TER)
0.1%
Type of fund
ETF
Investment style
Passive
Replication method
Physical
Replication strategy
Optimised
IGLS
IGLS
Provider: iShares
iShares UK Gilts 0-5 Year UCITS ETF
Benchmark
FTSE Actuaries UK Conventional Gilts up to 5 Years Index
Description
This ETF aims to track the performance of UK government bonds (also known as gilts) with a term to maturity of zero to five years.
Investment team comments
UK Government bonds ('gilts') are regarded as one of the safest asset classes for UK investors. They offer investors modest returns at low levels of risk. Government bonds have produced abnormally good returns for investors over the past 20 years. Even though future returns from gilts are likely to be lower, they are useful tool in a diversified portfolio as government bonds typically rise in value when stock markets decline. This ETF is also considerably better value than peers and provides reduced sensitivity to interest rates.
Characteristics
Asset class
Developed Markets Government Bonds
Geographical focus
United Kingdom
Traded / Risk currency
GBP / GBP
Total expense ratio (TER)
0.07%
Type of fund
ETF
Investment style
Passive
Replication method
Physical
Replication strategy
Optimised
IGLT
IGLT
Provider: iShares
iShares Core UK Gilts UCITS ETF
Benchmark
FTSE Actuaries UK Conventional Gilts All Stocks Index
Description
This ETF aims to track the performance of UK government bonds (also known as gilts).
Investment team comments
UK Government bonds ('gilts') are regarded as one of the safest asset classes for UK investors. They offer investors modest returns at low levels of risk. Government bonds have produced abnormally good returns for investors over the past 20 years. Even though future returns from gilts are likely to be lower, they are useful tool in a diversified portfolio as government bonds typically rise in value when stock markets decline. This ETF is also considerably better value than peers.
Characteristics
Asset class
Developed Markets Government Bonds
Geographical focus
United Kingdom
Traded / Risk currency
GBP / GBP
Total expense ratio (TER)
0.07%
Type of fund
ETF
Investment style
Passive
Replication method
Physical
Replication strategy
Optimised
IGTM
IGTM
Provider: iShares
iShares USD Treasury Bond 7-10 Year (GBP Hedged) UCITS ETF
Benchmark
ICE US Treasury 7-10 Year Index
Description
This ETF aims to track the performance of the ICE U.S. Treasury 7-10 Year Bond Index, providing exposure to U.S. Treasury issued dollar denominated, fixed rate securities with a term to maturity between 7-10 years. The fund hedges non-GBP currency exposure.
Investment team comments
This ETF provides exposure to 7-10 Year US Treasuries, considered amongst the safest investment assets available. The fund provides a low cost and efficient way in diversifying fixed income exposure, as US Treasuries are highly liquid and considered one of the safest investment assets.
Characteristics
Asset class
Developed Markets Government Bonds
Geographical focus
United States
Traded / Risk currency
GBP / GBP
Total expense ratio (TER)
0.1%
Type of fund
ETF
Investment style
Passive
Replication method
Physical
Replication strategy
Optimised
INXG
INXG
Provider: iShares
iShares GBP Index-Linked Gilts UCITS ETF
Benchmark
Bloomberg UK Govt Inflation-Linked All Maturities Index
Description
This ETF aims to track the performance of the Bloomberg UK Government Inflation-Linked Bond Index, in order to offer UK government bond exposure with inflation protection.
Investment team comments
UK Government bonds ('gilts') are regarded as one of the safest asset classes for UK investors. They offer investors modest returns at low levels of risk. Government bonds have produced abnormally good returns for investors over the past 20 years. Even though future returns from gilts are likely to be lower, they are useful tool in a diversified portfolio as government bonds typically rise in value when stock markets decline. The bonds are inflation linked and so can protect investors from the negative effect of inflation.
Characteristics
Asset class
Developed Markets Government Bonds
Geographical focus
United Kingdom
Traded / Risk currency
GBP / GBP
Total expense ratio (TER)
0.1%
Type of fund
ETF
Investment style
Passive
Replication method
Physical
Replication strategy
Optimised
ITPG
ITPG
Provider: iShares
iShares US TIPS GBP Hedged UCITS ETF
Benchmark
Bloomberg US Govt Inflation Linked Bonds Total Return GBP hedged
Description
This ETF aims to reflect the performance of the Bloomberg US Inflation Linked Bonds Index, in order to offer an exposure to the US Treasury Inflation Protected Securities (TIPS) market.
Investment team comments
US Treasury bonds are widely considered to be the safest asset class worldwide. Treasury inflation protected securities (TIPS) can protect investors from the negative effect of inflation. Inflation-linked bonds are popular with investors who are concerned with rising inflation. This ETF provides an efficient way to access this asset class in a GBP hedged manner.
Characteristics
Asset class
Developed Markets Government Bonds
Geographical focus
United States
Traded / Risk currency
GBP / GBP
Total expense ratio (TER)
0.12%
Type of fund
ETF
Investment style
Passive
Replication method
Physical
Replication strategy
Optimised
JG15
JG15
Provider: JPMorgan
JPMorgan BetaBuilders UK Gilt 1-5 Year UCITS ETF
Benchmark
JPMorgan Government Bond Index United Kingdom 1-5 Year Select Maturity
Description
This fund aims to provide exposure to the performance of Pound Sterling-denominated fixed rate UK government bonds with a maturity of between 1-5 years.
Investment team comments
UK Government bonds ('gilts') are regarded as one of the safest asset classes for UK investors. They offer investors modest returns at low levels of risk. Government bonds have produced abnormally good returns for investors over the past 20 years. Even though future returns from gilts are likely to be lower, they are useful tool in a diversified portfolio as government bonds typically rise in value when stock markets decline. This ETF is also considerably better value than peers and provides reduced sensitivity to interest rates.
Characteristics
Asset class
Developed Markets Government Bonds
Geographical focus
United Kingdom
Traded / Risk currency
GBP / GBP
Total expense ratio (TER)
0.07%
Type of fund
ETF
Investment style
Passive
Replication method
Physical
Replication strategy
Optimised
TIPG
TIPG
Provider: Lyxor
Lyxor Core US TIPS UCITS ETF
Benchmark
Bloomberg US Govt Inflation Linked Bonds Total Return
Description
This ETF aims to reflect the performance of the Bloomberg US Inflation Linked Bonds Index, in order to offer an exposure to the US Treasury Inflation Protected Securities (TIPS) market.
Investment team comments
US Treasury bonds are widely considered to be the safest asset class worldwide. Treasury inflation protected securities (TIPS) can protect investors from the negative effect of inflation. Inflation-linked bonds are popular with investors who are concerned with rising inflation. This ETF provides an efficient way to access this asset class.
Characteristics
Asset class
Developed Markets Government Bonds
Geographical focus
United States
Traded / Risk currency
GBP / USD
Total expense ratio (TER)
0.09%
Type of fund
ETF
Investment style
Passive
Replication method
Physical
Replication strategy
Full
TRXG
TRXG
Provider: Invesco
Invesco US Treasury 7-10 Year UCITS ETF
Benchmark
Bloomberg US Treasury 7-10 Year Total Return
Description
This ETF aims to track the performance of the Bloomberg U.S. Treasury 7-10 Year Bond Index, providing exposure to U.S. Treasury issued dollar denominated, fixed rate securities with a minimum term to maturity between 7-10 years.
Investment team comments
This ETF provides exposure to 7-10 year maturity US Treasuries, considered amongst the safest investment assets available. The fund provides a low cost and efficient way in diversifying fixed income exposure, as US Treasuries are highly liquid and considered one of the safest investment asset.
Characteristics
Asset class
Developed Markets Government Bonds
Geographical focus
United States
Traded / Risk currency
GBP / USD
Total expense ratio (TER)
0.06%
Type of fund
ETF
Investment style
Passive
Replication method
Physical
Replication strategy
Optimised
UBTP
UBTP
Provider: UBS
UBS Bloomberg TIPS 1-10 UCITS ETF (GBP Hedged)
Benchmark
Bloomberg US Government 1-10 Year Inflation-Linked Bond Index
Description
This ETF aims to track the performance of the Bloomberg US Government 1-10 Year Inflation-Linked Bond hedged to GBP Index. The index includes inflation-linked US Government bonds with a maturity of more than 1 but less than 10 years.
Investment team comments
US Treasury bonds are widely considered to be the safest asset class worldwide. Treasury inflation protected securities (TIPS) can protect investors from the negative effect of inflation. The focus on shorter maturity bonds (under 10 years) means this index also provides more protection from the effects of rising interest rates when compared to the broader TIPS market.
Characteristics
Asset class
Developed Markets Government Bonds
Geographical focus
United States
Traded / Risk currency
GBP / GBP
Total expense ratio (TER)
0.2%
Type of fund
ETF
Investment style
Passive
Replication method
Physical
Replication strategy
Full
Government Bonds Emerging Markets
Although these bonds are backed by governments, they are regarded as high-risk investments in comparison to government bonds in developed markets. They can be issued in US dollars or in local currencies.
EMHG
EMHG
Provider: iShares
iShares JPMorgan USD EM Bond UCITS ETF
Benchmark
JPMorgan Emerging Markets Bond Index Global Core
Description
This ETF aims to track the performance of the JPMorgan USD EM Bond Total Return Index.
Investment team comments
This ETF provides exposure to USD denominated debt instruments in investment grade sovereigns and corporates in Emerging Markets.
Characteristics
Asset class
Emerging Markets Government Bonds
Geographical focus
Emerging Markets
Traded / Risk currency
GBP / GBP
Total expense ratio (TER)
0.5%
Type of fund
ETF
Investment style
Passive
Replication method
Physical
Replication strategy
Optimised
EMIG
EMIG
Provider: UBS
UBS JPMorgan USD EM IG ESG Diversified Bond UCITS ETF
Benchmark
JPMorgan USD EM IG ESG Diversified Bond Index Total Return USD
Description
This ETF aims to track the performance of the JPMorgan USD EM IG ESG Diversified Bond Index.
Investment team comments
This ETF provides exposure to USD denominated debt instruments in investment grade sovereigns and corporates in Emerging Markets.
Characteristics
Asset class
Emerging Markets Government Bonds
Geographical focus
Emerging Markets
Traded / Risk currency
GBP / USD
Total expense ratio (TER)
0.45%
Type of fund
ETF
Investment style
Passive
Replication method
Physical
Replication strategy
Optimised
JMBP
JMBP
Provider: JPMorgan
JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF
Benchmark
JPMorgan Emerging Markets Risk-Aware Bond
Description
This fund aims to provide an exposure to the performance of bonds issued by the governments or quasi-government entities of emerging markets countries globally which are denominated in US Dollars.
Investment team comments
This ETF leverages an innovative JPMorgan approach that applies a range of screens and filters to the emerging market debt universe, seeking to provide lower volatility exposure to emerging market debt with the potential for more consistent returns.
Characteristics
Asset class
Emerging Markets Government Bonds
Geographical focus
Emerging Markets
Traded / Risk currency
GBP / GBP
Total expense ratio (TER)
0.39%
Type of fund
ETF
Investment style
Passive
Replication method
Physical
Replication strategy
Optimised
SBEG
SBEG
Provider: UBS
UBS Bloomberg USD Emerging Markets Sovereign UCITS ETF (GBP Hedged)
Benchmark
Bloomberg Emerging Markets USD Sovereign & Agency 3% Country Capped Index
Description
This ETF aims to track the Bloomberg Emerging Markets USD Sovereign & Agency 3% Country Capped Index (hedged to GBP). The index includes government bonds issued by countries such as Brazil, Russia and Indonesia, issued in US dollars.
Investment team comments
Sovereign 'hard currency' bonds from emerging markets typically offer a higher yield (return) than developed government bonds, without significant currency risk. The credit worthiness of emerging economies continues to improve, in contrast the developed economies where high debt loads have led to downgrades in credit ratings. Emerging market bonds typically offer significantly higher returns compared to UK and US government bond markets. This ETF allows us to reliably tap these returns when we believe that the risk-reward ratio is favourable for investors.
Characteristics
Asset class
Emerging Markets Government Bonds
Geographical focus
Emerging Markets
Traded / Risk currency
GBP / GBP
Total expense ratio (TER)
0.47%
Type of fund
ETF
Investment style
Passive
Replication method
Physical
Replication strategy
Optimised
Corporate Bonds
Corporate bonds are classified either as 'investment grade'—those issued by companies with good agency ratings—or ‘high yield’—those with a higher risk of default. The return on high yield bonds is potentially greater, albeit with more volatility than with investment grade bonds.
BSUS
BSUS
Provider: UBS
UBS Bloomberg MSCI US Liquid Corporates Sustainable UCITS ETF (GBP hedged)
Benchmark
Bloomberg MSCI US Liquid Corporates Sustainable Total Return GBP hedged
Description
This ETF aims to track the performance of the Bloomberg MSCI US Liquid Corporates Sustainable Index (hedged to GBP).
Investment team comments
This ETF offers exposure to global corporate bonds with best in class environmental, social and governance ratings, whilst excluding companies that engage in controversial activities. Socially responsible investment incorporates non-financial data alongside traditional investment metrics, with a belief that the companies that are best placed to operate successfully in the future are those with strong sustainability profiles, that do business in a fair and progressive way, and with a management team well aligned to investors interests. Additionally, the fund will hedge the moves between US dollar and GBP sterling, ensuring currency impact is neutralised.
Characteristics
Asset class
Corporate Bonds
Geographical focus
United States
Traded / Risk currency
GBP / GBP
Total expense ratio (TER)
0.25%
Type of fund
ETF
Investment style
Passive
Replication method
Physical
Replication strategy
Optimised
CRHG
CRHG
Provider: iShares
iShares Global Corporate Bond UCITS ETF
Benchmark
Bloomberg Global Aggregate Corporate Bond
Description
This fund aims to track the performance of the Bloomberg Global Aggregate Corporate Bond Index.
Investment team comments
Corporate bonds can offer good returns for investors who are more risk averse, as they are typically less volatile than shares. High-quality 'investment grade' bonds offer higher returns ('yields') than government bonds but with a modest increase in risk. Unlike equities, corporate bonds are relatively cumbersome to buy and sell so this ETF provides a very simple, efficient and cost-effective way of obtaining the returns from corporate bonds.
Characteristics
Asset class
Corporate Bonds
Geographical focus
Global
Traded / Risk currency
GBP / GBP
Total expense ratio (TER)
0.25%
Type of fund
ETF
Investment style
Passive
Replication method
Physical
Replication strategy
Optimised
DHYG
DHYG
Provider: iShares
iShares USD High Yield Corp Bond ESG (GBP Hedged) UCITS ETF
Benchmark
Bloomberg MSCI US Corporate High Yield Sustainable BB+ SRI Bond Index
Description
This ETF aims to track the performance of the Bloomberg MSCI US Corporate High Yield Sustainable BB+ SRI Bond Index, providing exposure to US high yield bonds in a GBP hedged manner.
Investment team comments
The characteristics of high-yield bonds are a hybrid of high grade bonds and equities, providing a high level of income compared to other bonds. For low and medium-risk investors, they can provide good returns but with less risk than equities. This ETF invests in USD denominated high yield bonds with outstanding environmental, social and governance ratings, whilst excluding companies that engage in controversial activities or whose products have negative social or environmental impacts. Socially responsible investment incorporates non-financial data alongside traditional investment metrics, with a belief that the companies that are best placed to operate successfully in the future are those with strong sustainability profiles, that do business in a fair and progressive way, and with a management team well aligned to investors interests. Additionally, the fund will hedge the moves between US dollar and GBP sterling, ensuring currency impact is neutralised.
Characteristics
Asset class
Corporate Bonds
Geographical focus
United States
Traded / Risk currency
GBP / GBP
Total expense ratio (TER)
0.27%
Type of fund
ETF
Investment style
Passive
Replication method
Physical
Replication strategy
Optimised
ERNS
ERNS
Provider: iShares
iShares GBP Ultrashort Bond UCITS ETF
Benchmark
Markit iBoxx GBP Liquid Investment Grade Ultrashort Bond Total Return
Description
This ETF primarily invests in sterling-denominated investment-grade corporate bonds and quasi-sovereign bonds (bonds issued by entities with explicit or implicit government backing) with less than one year to maturity, and floating rate securities with less than three years to maturity.
Investment team comments
Corporate bonds with less than one year to maturity offer higher returns than cash and short-term government bonds, but with a relatively low level of interest rate risk given the limited time before these bonds mature. Floating rate notes also benefit from rising interest rates as the interest rate paid is usually reset each quarter.
Characteristics
Asset class
Corporate Bonds
Geographical focus
United Kingdom
Traded / Risk currency
GBP / GBP
Total expense ratio (TER)
0.09%
Type of fund
ETF
Investment style
Passive
Replication method
Physical
Replication strategy
Optimised
ERNU
ERNU
Provider: iShares
iShares USD Ultrashort Bond UCITS ETF
Benchmark
Markit iBoxx USD Liquid Investment Grade Ultrashort Bond Total Return
Description
This ETF invests in US dollar denominated investment-grade corporate bonds issued by entities from developed countries, with less than one year maturity, and floating rate securities with less than three years to maturity.
Investment team comments
Corporate bonds with less than one year to maturity offer higher returns than cash and short-term government bonds, but with a relatively low level of interest rate risk given the limited time before these bonds mature. Floating rate notes also benefit from rising interest rates as the interest rate paid is usually reset each quarter.
Characteristics
Asset class
Corporate Bonds
Geographical focus
United States
Traded / Risk currency
GBP / USD
Total expense ratio (TER)
0.09%
Type of fund
ETF
Investment style
Passive
Replication method
Physical
Replication strategy
Optimised
IHHG
IHHG
Provider: iShares
iShares US High Yield GBP Hedged UCITS ETF
Benchmark
Markit iBoxx USD Liquid High Yield Capped Total Return GBP hedged
Description
This ETF aims to track the performance of the Markit iBoxx USD Liquid High Yield Capped Index, providing exposure to US high yield bonds in a GBP hedged manner.
Investment team comments
The characteristics of high-yield bonds are a hybrid of high grade bonds and equities, providing a high level of income compared to other bonds. For low and medium-risk investors, they can provide good returns but with less risk than equities. This ETF invests in USD denominated high yield bonds. Additionally, the fund will hedge the moves between US dollar and GBP sterling, ensuring currency impact is neutralised.
Characteristics
Asset class
Corporate Bonds
Geographical focus
United States
Traded / Risk currency
GBP / GBP
Total expense ratio (TER)
0.55%
Type of fund
ETF
Investment style
Passive
Replication method
Physical
Replication strategy
Optimised
IS15
IS15
Provider: iShares
iShares £ Corporate Bond 0-5 Year UCITS ETF
Benchmark
Markit iBoxx GBP Corporate Bond 0-5 Year Total Return
Description
This ETF aims to track the performance of the Markit iBoxx £ Corporate 0-5 Index, with exposure to investment grade, sterling denominated corporate bonds which mature in less than five years’ time.
Investment team comments
Corporate bonds can offer good returns for investors who are more risk averse, as they are typically less volatile than shares. Bonds with a short time to maturity (less than five years) are much less exposed to changes in interest rates than the full market of bonds. This ETF provides a broad and diversified exposure to GBP denominated corporate bonds with reduced sensitivity to changes in interest rates.
Characteristics
Asset class
Corporate Bonds
Geographical focus
United Kingdom
Traded / Risk currency
GBP / GBP
Total expense ratio (TER)
0.2%
Type of fund
ETF
Investment style
Passive
Replication method
Physical
Replication strategy
Optimised
JEBP
JEBP
Provider: JPMorgan
JPMorgan EUR Corporate Bond Research Enhanced Index UCITS ETF (GBP Hedged)
Benchmark
Bloomberg Euro Aggregate Corporates
Description
This fund aims is to achieve a long-term return in excess of the Benchmark by actively investing at least 67% of the assets in investment grade Euro denominated corporate debt securities. The fund hedges non-GBP currency exposure.
Investment team comments
This ETF leverages the depth of JPMorgan’s research resources and expertise in fundamental credit research for enhanced security selection and sector allocation, seeking to outperform the benchmark index.
Characteristics
Asset class
Corporate Bonds
Geographical focus
Europe
Traded / Risk currency
GBP / GBP
Total expense ratio (TER)
0.19%
Type of fund
ETF
Investment style
Active
Replication method
Physical
Replication strategy
Not Applicable
JGST
JGST
Provider: JPMorgan
JPMorgan GBP Ultra-Short Income UCITS ETF
Benchmark
Not Applicable
Description
This fund aims to provide current income while maintaining low volatility, investing in investment grade, GBP-denominated, short term fixed, variable and floating rate debt securities.
Investment team comments
This ETF leverages the depth of JPMorgan’s research resources and expertise for enhanced security selection and sector allocation, seeking to offer a current level of income whilst maintaining a low volatility
Characteristics
Asset class
Corporate Bonds
Geographical focus
United Kingdom
Traded / Risk currency
GBP / GBP
Total expense ratio (TER)
0.1%
Type of fund
ETF
Investment style
Active
Replication method
Physical
Replication strategy
Not Applicable
JHYP
JHYP
Provider: JPMorgan
JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF
Benchmark
JPMAM Global High Yield Multi-Factor
Description
This fund aims to track the JPMorgan Asset Management Global High Yield Multi-Factor Index, a benchmark that emphasises high yield securities with strong value, quality, and momentum characteristics.
Investment team comments
This ETF leverages JPMorgan's research on factor investing in credit markets, seeking to offer low cost, liquid exposure to the yield and diversification benefits of high yield corporate bonds, with the potential for more attractive risk-adjusted returns.
Characteristics
Asset class
Corporate Bonds
Geographical focus
Global
Traded / Risk currency
GBP / GBP
Total expense ratio (TER)
0.35%
Type of fund
ETF
Investment style
Passive
Replication method
Physical
Replication strategy
Optimised
JRBE
JRBE
Provider: JPMorgan
JPMorgan EUR Corporate Bond Research Enhanced Index UCITS ETF
Benchmark
Bloomberg Euro Aggregate Corporates
Description
This fund aims is to achieve a long-term return in excess of the Benchmark by actively investing at least 67% of the assets in investment grade Euro denominated corporate debt securities.
Investment team comments
This ETF leverages the depth of JPMorgan's research resources and expertise in fundamental credit research for enhanced security selection and sector allocation, seeking to outperform the benchmark index.
Characteristics
Asset class
Corporate Bonds
Geographical focus
Europe
Traded / Risk currency
GBP / EUR
Total expense ratio (TER)
0.19%
Type of fund
ETF
Investment style
Active
Replication method
Physical
Replication strategy
Not Applicable
JRBU
JRBU
Provider: JPMorgan
JPMorgan USD Corporate Bond Research Enhanced Index UCITS ETF
Benchmark
Bloomberg US Corporate Bond
Description
This fund aims to achieve a long-term return in excess of the Benchmark by actively investing in investment grade USD denominated corporate debt securities.
Investment team comments
This ETF leverages the depth of JPMorgan’s research resources and expertise in fundamental credit research for enhanced security selection and sector allocation, seeking to outperform the benchmark index.
Characteristics
Asset class
Corporate Bonds
Geographical focus
United States
Traded / Risk currency
GBP / USD
Total expense ratio (TER)
0.19%
Type of fund
ETF
Investment style
Active
Replication method
Physical
Replication strategy
Not Applicable
JRUP
JRUP
Provider: JPMorgan
JPMorgan USD Corporate Bond Research Enhanced Index UCITS ETF (GBP Hedged)
Benchmark
Bloomberg US Corporate Bond
Description
This fund aims to achieve a long-term return in excess of the Benchmark by actively investing in investment grade USD denominated corporate debt securities. The fund hedges non-GBP currency exposure.
Investment team comments
This ETF leverages the depth of JPMorgan’s research resources and expertise in fundamental credit research for enhanced security selection and sector allocation, seeking to outperform the benchmark index.
Characteristics
Asset class
Corporate Bonds
Geographical focus
United States
Traded / Risk currency
GBP / GBP
Total expense ratio (TER)
0.19%
Type of fund
ETF
Investment style
Active
Replication method
Physical
Replication strategy
Not Applicable
LQDS
LQDS
Provider: iShares
iShares USD Corp Bond UCITS ETF
Benchmark
Markit iBoxx USD Liquid Investment Grade
Description
This ETF aims to track the performance of the Markit iBoxx USD Liquid Investment Grade index which provides broad exposure to the most liquid US Dollar denominated investment grade corporate bonds.
Investment team comments
Corporate bonds can offer good returns for investors who are more risk averse, as they are typically less volatile than shares. High-quality 'investment grade' bonds offer higher returns ('yields') than government bonds but with a modest increase in risk. Unlike equities, corporate bonds are relatively cumbersome to buy and sell so this ETF provides a very simple, efficient and cost-effective way of obtaining the returns from corporate bonds.
Characteristics
Asset class
Corporate Bonds
Geographical focus
United States
Traded / Risk currency
GBP / USD
Total expense ratio (TER)
0.2%
Type of fund
ETF
Investment style
Passive
Replication method
Physical
Replication strategy
Optimised
RISE
RISE
Provider: iShares
iShares Fallen Angels UCITS ETF
Benchmark
Bloomberg Global Corporate ex-EM Fallen Angels 3% Issuer Capped
Description
This ETF aims to track the performance of the Bloomberg Global Corporate ex Emerging Markets 3% issuer index providing exposure to corporate fallen angels bonds issued by developed markets.
Investment team comments
A fallen angel is a bond that initially had investment-grade rating but has since been reduced to high yield status. The characteristics of fallen angel high-yield bonds are a hybrid of high grade bonds and equities. Fallen angel securities are often attractive in seeking to capitalise on the potential for a company to recover from a temporary setback.
Characteristics
Asset class
Corporate Bonds
Geographical focus
Developed Markets
Traded / Risk currency
GBP / USD
Total expense ratio (TER)
0.5%
Type of fund
ETF
Investment style
Passive
Replication method
Physical
Replication strategy
Optimised
SGSU
SGSU
Provider: iShares
iShares USD Corp Bond 0-3 Year ESG UCITS ETF
Benchmark
Bloomberg MSCI US Corporate 0-3 Sustainable SRI Index
Description
This ETF aims to track the performance of the Bloomberg MSCI US Corporate 0-3 Sustainable SRI Index which aims to provide exposure to short maturity USD denominated corporate bonds taking into consideration ESG criteria.
Investment team comments
This ETF offers exposure to USD denominated corporate bonds with best in class environmental, social and governance ratings, whilst excluding companies that engage in controversial activities. Socially responsible investment incorporates non-financial data alongside traditional investment metrics, with a belief that the companies that are best placed to operate successfully in the future are those with strong sustainability profiles, that do business in a fair and progressive way, and with a management team well aligned to investors interests. The shorter maturity provides reduced sensitivity to interest rates.
Characteristics
Asset class
Corporate Bonds
Geographical focus
United States
Traded / Risk currency
GBP / GBP
Total expense ratio (TER)
0.14%
Type of fund
ETF
Investment style
Passive
Replication method
Physical
Replication strategy
Optimised
SHYG
SHYG
Provider: iShares
iShares EUR High Yield Corp Bond UCITS ETF
Benchmark
Markit iBoxx EUR Liquid High Yield Index
Description
This ETF aims to track the performance of the Markit iBoxx EUR Liquid High Yield Index, providing exposure to Euro denominated high yield bonds.
Investment team comments
The characteristics of high-yield bonds are a hybrid of high grade bonds and equities, providing a high level of income compared to other bonds. For low and medium-risk investors, they can provide good returns but with less risk than equities. This ETF invests in Euro denominated high yield bonds.
Characteristics
Asset class
Corporate Bonds
Geographical focus
Europe
Traded / Risk currency
GBP / EUR
Total expense ratio (TER)
0.5%
Type of fund
ETF
Investment style
Passive
Replication method
Physical
Replication strategy
Optimised
SHYU
SHYU
Provider: iShares
iShares US High Yield UCITS ETF
Benchmark
Markit iBoxx USD Liquid High Yield Capped Total Return GBP hedged
Description
This ETF aims to track the performance of the Markit iBoxx USD Liquid High Yield Capped Index, providing exposure to US high yield bonds.
Investment team comments
The characteristics of high-yield bonds are a hybrid of high grade bonds and equities, providing a high level of income compared to other bonds. For low and medium-risk investors, they can provide good returns but with less risk than equities. This ETF invests in USD denominated high yield bonds
Characteristics
Asset class
Corporate Bonds
Geographical focus
United States
Traded / Risk currency
GBP / USD
Total expense ratio (TER)
0.5%
Type of fund
ETF
Investment style
Passive
Replication method
Physical
Replication strategy
Optimised
SLXX
SLXX
Provider: iShares
iShares Core GBP Corporate Bond UCITS ETF
Benchmark
Markit iBoxx GBP Liquid Corporates Large Cap Total Return
Description
This ETF aims to track the performance of the Markit iBoxx GBP Liquid Corporates Index, providing exposure to high quality corporate bonds denominated in GBP.
Investment team comments
High-quality 'investment grade' bonds offer higher returns ('yields') than government bonds but with a modest increase in risk. Unlike equities, corporate bonds are relatively cumbersome to buy and sell so this ETF provides a very simple, efficient and cost-effective way of obtaining the returns from corporate bonds. This ETF offers high quality GBP bonds from major companies across a number of developed markets.
Characteristics
Asset class
Corporate Bonds
Geographical focus
United Kingdom
Traded / Risk currency
GBP / GBP
Total expense ratio (TER)
0.2%
Type of fund
ETF
Investment style
Passive
Replication method
Physical
Replication strategy
Optimised
SMBS
SMBS
Provider: iShares
iShares US Mortgage Backed Securities UCITS ETF
Benchmark
Bloomberg US Mortgage Backed Securities (MBS)
Description
This ETF provides exposure to US mortgage backed securities by tracking the Bloomberg US Mortgage Backed Securities (MBS) Index.
Investment team comments
Mortgage backed securities are highly liquid and provide diversification and risk reduction benefits. Whilst historically they have been viewed as risky, post 2008 significantly stricter lending standards have been implemented to make the market strongly regulated and safer.
Characteristics
Asset class
Corporate Bonds
Geographical focus
United States
Traded / Risk currency
GBP / USD
Total expense ratio (TER)
0.28%
Type of fund
ETF
Investment style
Passive
Replication method
Physical
Replication strategy
Optimised
SSHY
SSHY
Provider: Pimco
PIMCO Short-Term High Yield Corp Bond
Benchmark
BofA ML 0-5 Year US High Yield Constrained Total Return
Description
This ETF aims to track the performance of the Bank of America Merrill Lynch 0-5 Year US High Yield Index. It is invested in US dollar-denominated bonds rated at below investment-grade with fewer than five years to maturity. The fund is managed by PIMCO, one of the largest fixed income managers in the world.
Investment team comments
The characteristics of high-yield bonds are a hybrid of high grade bonds and equities, providing a high level of income compared to other bonds. For low and medium-risk investors, they can provide good returns but with less risk than equities. This ETF invests in US high yield bonds with less than five years to maturity, potentially reducing the impact of a rise in market interest rates.
Characteristics
Asset class
Corporate Bonds
Geographical focus
United States
Traded / Risk currency
GBP / USD
Total expense ratio (TER)
0.55%
Type of fund
ETF
Investment style
Passive
Replication method
Physical
Replication strategy
Optimised
STHS
STHS
Provider: Pimco
PIMCO Short-Term High Yield Corporate Bond UCITS ETF (GBP Hedged)
Benchmark
BofA ML 0-5 Year US High Yield Constrained Total Return GBP hedged
Description
This ETF aims to track the performance of the Bank of America Merrill Lynch 0-5 Year US High Yield Index. It is invested in US dollar-denominated bonds rated at below investment-grade with fewer than five years to maturity. The fund is managed by PIMCO, one of the largest fixed income managers in the world.
Investment team comments
The characteristics of high-yield bonds are a hybrid of high grade bonds and equities, providing a high level of income compared to other bonds. For low and medium-risk investors, they can provide good returns but with less risk than equities. This ETF invests in US high yield bonds with less than five years to maturity, potentially reducing the impact of a rise in market interest rates. Additionally, the fund will hedge the moves between US dollar and GBP sterling, ensuring currency impact is neutralised.
Characteristics
Asset class
Corporate Bonds
Geographical focus
United States
Traded / Risk currency
GBP / GBP
Total expense ratio (TER)
0.6%
Type of fund
ETF
Investment style
Passive
Replication method
Physical
Replication strategy
Optimised
SUKC
SUKC
Provider: State Street
SPDR Bloomberg 0-5 Year Sterling Corporate Bond UCITS ETF
Benchmark
Bloomberg Corporate Bond 0-5 Year Total Return
Description
This ETF aims to track the performance of the Bloomberg 0-5 Year Sterling Corporate Bond Index, with exposure to investment grade, sterling denominated corporate bonds which mature in less than five years’ time. The majority of the companies are based in the UK, Europe and the United States.
Investment team comments
Corporate bonds can offer good returns for investors who are more risk averse, as they are typically less volatile than shares. Bonds with a short time to maturity (less than five years) are much less exposed to changes in interest rates than the full market of bonds. This ETF provides a broad and diversified exposure to GBP denominated corporate bonds with reduced sensitivity to changes in interest rates.
Characteristics
Asset class
Corporate Bonds
Geographical focus
United States
Traded / Risk currency
GBP / USD
Total expense ratio (TER)
0.2%
Type of fund
ETF
Investment style
Passive
Replication method
Physical
Replication strategy
Optimised
UC98
UC98
Provider: UBS
UBS Bloomberg MSCI US Liquid Corporates Sustainable UCITS ETF
Benchmark
Bloomberg MSCI US Liquid Corporates Sustainable Total Return
Description
This ETF aims to track the performance of the Bloomberg MSCI US Liquid Corporates Sustainable Index.
Investment team comments
This ETF offers exposure to global corporate bonds with best in class environmental, social and governance ratings, whilst excluding companies that engage in controversial activities. High-quality 'investment grade' bonds offer higher returns ('yields') than government bonds but with a modest increase in risk. Unlike equities, corporate bonds are relatively cumbersome to buy and sell so this ETF provides a very simple, efficient and cost-effective way of obtaining the returns from corporate bonds.
Characteristics
Asset class
Corporate Bonds
Geographical focus
United States
Traded / Risk currency
GBP / USD
Total expense ratio (TER)
0.2%
Type of fund
ETF
Investment style
Passive
Replication method
Physical
Replication strategy
Optimised
UESD
UESD
Provider: iShares
iShares GBP Ultrashort Bond ESG UCITS ETF
Benchmark
Markit iBoxx MSCI ESG GBP Liquid Investment Grade Ultrashort Total Return
Description
This ETF aims to track the performance of the Markit iBoxx MSCI ESG GBP Liquid Investment Grade Ultrashort Index which aims to provide exposure to the most liquid GBP denominated investment corporate bonds with ESG screening.
Investment team comments
Corporate bonds with less than one year to maturity offer higher returns than cash and short-term government bonds, but with a relatively low level of interest rate risk given the limited time before these bonds mature. This ETF offers exposure to GBP denominated corporate bonds whilst incorporates non-financial data alongside traditional investment metrics, with a belief that the companies that are best placed to operate successfully in the future are those with strong sustainability profiles, that do business in a fair and progressive way, and with a management team well aligned to investors interests.
Characteristics
Asset class
Corporate Bonds
Geographical focus
Developed Markets
Traded / Risk currency
GBP / GBP
Total expense ratio (TER)
0.09%
Type of fund
ETF
Investment style
Passive
Replication method
Physical
Replication strategy
Optimised
UKCO
UKCO
Provider: State Street
SPDR Bloomberg Sterling Corporate Bond UCITS ETF
Benchmark
Bloomberg Sterling Corporate Bond Total Return
Description
This ETF aims to track the performance of the Bloomberg Sterling Corporate Index, providing exposure to high quality corporate bonds denominated in GBP.
Investment team comments
This ETF offers high quality GBP bonds from major companies across a number of markets. Corporate bonds can offer good returns for investors who are more risk averse, as they are typically less volatile than shares. High-quality 'investment grade' bonds offer higher returns ('yields') than government bonds but with a modest increase in risk. Unlike equities, corporate bonds are relatively cumbersome to buy and sell so this fund provides a very simple, efficient and cost-effective way of obtaining the returns from corporate bonds.
Characteristics
Asset class
Corporate Bonds
Geographical focus
United Kingdom
Traded / Risk currency
GBP / GBP
Total expense ratio (TER)
0.2%
Type of fund
ETF
Investment style
Passive
Replication method
Physical
Replication strategy
Optimised
WIGG
WIGG
Provider: iShares
iShares Fallen Angels GBP Hedged UCITS ETF
Benchmark
Bloomberg Global Corporate ex-EM Fallen Angels 3% Issuer Capped Total Return
Description
A fallen angel is a bond that initially had investment-grade rating but has since been reduced to high yield status. The characteristics of fallen angel high-yield bonds are a hybrid of high grade bonds and equities. Fallen angel securities are often attractive in seeking to capitalise on the potential for a company to recover from a temporary setback.
Investment team comments
The characteristics of high-yield bonds are a hybrid of high grade bonds and equities, providing a high level of income compared to other bonds. For low and medium-risk investors, they can provide good returns but with less risk than equities. This ETF invests in US high yield bonds with less than five years to maturity, potentially reducing the impact of a rise in market interest rates.
Characteristics
Asset class
Corporate Bonds
Geographical focus
Developed Markets
Traded / Risk currency
GBP / GBP
Total expense ratio (TER)
0.55%
Type of fund
ETF
Investment style
Passive
Replication method
Physical
Replication strategy
Optimised
Global Equities
AGES
AGES
Provider: iShares
iShares Ageing Population UCITS ETF
Benchmark
STOXX Global Ageing Population USD Net Return
Description
This ETF aims to track the performance of the STOXX Global Ageing Population Index.
Investment team comments
This ETF provides exposure to global aging population related companies.
Characteristics
Asset class
Thematic Equities
Geographical focus
Global
Traded / Risk currency
GBP / Varied
Total expense ratio (TER)
0.4%
Type of fund
ETF
Investment style
Passive
Replication method
Physical
Replication strategy
Optimised
CEMX
CEMX
Provider: iShares
iShares MSCI EM Consumer Growth UCITS ETF
Benchmark
MSCI ACWI Emerging Market Consumer Growth Net Total Return USD Index
Description
This ETF aims to track the performance of the MSCI ACWI Emerging Market Consumer Growth Index.
Investment team comments
This ETF provides exposure to global EM consumer growth index.
Characteristics
Asset class
Thematic Equities
Geographical focus
Global
Traded / Risk currency
GBP / Varied
Total expense ratio (TER)
0.6%
Type of fund
ETF
Investment style
Passive
Replication method
Physical
Replication strategy
Full
DGIT
DGIT
Provider: iShares
iShares Digitalisation UCITS ETF
Benchmark
STOXX Global Digitalisation USD Net Return
Description
This ETF aims to track the performance of the STOXX Global Digitalisation Index.
Investment team comments
This ETF provides exposure to global digitalisation index.
Characteristics
Asset class
Thematic Equities
Geographical focus
Global
Traded / Risk currency
GBP / Varied
Total expense ratio (TER)
0.4%
Type of fund
ETF
Investment style
Passive
Replication method
Physical
Replication strategy
Optimised
DRDR
DRDR
Provider: iShares
iShares Healthcare Innovation UCITS ETF
Benchmark
STOXX Global Breakthrough Healthcare USD Net Return
Description
This ETF aims to track the performance of the STOXX Global Breakthrough Healthcare Index.
Investment team comments
This ETF provides exposure to global breakthrough healthcare index.
Characteristics
Asset class
Thematic Equities
Geographical focus
Global
Traded / Risk currency
GBP / Varied
Total expense ratio (TER)
0.4%
Type of fund
ETF
Investment style
Passive
Replication method
Physical
Replication strategy
Optimised
FSKY
FSKY
Provider: First Trust
First Trust Cloud Computing UCITS ETF
Benchmark
ISE CTA Cloud Computing Index (Nasdaq)
Description
This ETF aims to track the performance of the NASDAQ ISE Cloud Computing Index.
Investment team comments
This ETF provides exposure to NASDAQ cloud computing industry.
Characteristics
Asset class
Thematic Equities
Geographical focus
Global
Traded / Risk currency
GBP / Varied
Total expense ratio (TER)
0.6%
Type of fund
ETF
Investment style
Passive
Replication method
Physical
Replication strategy
Full
GIGB
GIGB
Provider: VanEck
VanEck Global Mining UCITS ETF
Benchmark
S&P Global Mining Reduced Coal Index
Description
This ETF aims to track the performance of the S&P Global Mining Reduced Coal Index.
Investment team comments
This ETF provides exposure to global mining industry with reduced coal bias.
Characteristics
Asset class
Thematic Equities
Geographical focus
Global
Traded / Risk currency
GBP / Varied
Total expense ratio (TER)
0.5%
Type of fund
ETF
Investment style
Passive
Replication method
Physical
Replication strategy
Full
IH2O
IH2O
Provider: iShares
iShares Global Water UCITS ETF
Benchmark
S&P Global Water Index
Description
This ETF aims to track the performance of the S&P Global Water Index.
Investment team comments
This ETF provides exposure to global water industry.
Characteristics
Asset class
Thematic Equities
Geographical focus
Global
Traded / Risk currency
GBP / Varied
Total expense ratio (TER)
0.65%
Type of fund
ETF
Investment style
Passive
Replication method
Physical
Replication strategy
Full
INRG
INRG
Provider: iShares
iShares Global Clean Energy UCITS ETF
Benchmark
S&P Global Clean Energy Index
Description
This ETF aims to track the performance of the S&P Global Clean Energy Index.
Investment team comments
This ETF provides exposure to global clean energy sector.
Characteristics
Asset class
Thematic Equities
Geographical focus
Global
Traded / Risk currency
GBP / Varied
Total expense ratio (TER)
0.65%
Type of fund
ETF
Investment style
Passive
Replication method
Physical
Replication strategy
Full
RBTX
RBTX
Provider: iShares
iShares Automation & Robotics UCITS ETF
Benchmark
STOXX Global Automation & Robotics Index
Description
This ETF aims to track the performance of the STOXX Global Automation & Robotics Index.
Investment team comments
This ETF provides exposure to global automation and robotics industry.
Characteristics
Asset class
Thematic Equities
Geographical focus
Global
Traded / Risk currency
GBP / Varied
Total expense ratio (TER)
0.4%
Type of fund
ETF
Investment style
Passive
Replication method
Physical
Replication strategy
Optimised
SHLG
SHLG
Provider: iShares
iShares Digital Security UCITS ETF
Benchmark
STOXX Global Digital Security Index
Description
This ETF aims to track the performance of the STOXX Global Digital Security Index.
Investment team comments
This ETF provides exposure to global digital security industry.
Characteristics
Asset class
Thematic Equities
Geographical focus
Global
Traded / Risk currency
GBP / Varied
Total expense ratio (TER)
0.4%
Type of fund
ETF
Investment style
Passive
Replication method
Physical
Replication strategy
Optimised
SMGB
SMGB
Provider: VanEck
VanEck Semiconductor UCITS ETF
Benchmark
MVIS US Listed SemiConductor 10% Capped Index
Description
This ETF aims to track the performance of the MVIS US Listed Semiconductor 10% Capped ESG Index.
Investment team comments
This ETF provides exposure to US semiconductor industry with ESG bias.
Characteristics
Asset class
Thematic Equities
Geographical focus
Global
Traded / Risk currency
GBP / Varied
Total expense ratio (TER)
0.35%
Type of fund
ETF
Investment style
Passive
Replication method
Physical
Replication strategy
Full
URNG
URNG
Provider: Global X
Global X Uranium UCITS ETF
Benchmark
Solactive Global Uranium & Nuclear Components Total Return v2 Index
Description
This ETF aims to track the performance of the Solactive Global Uranium & Nuclear Components Total Return v2 Index.
Investment team comments
This ETF provides exposure to global uranium & nuclear components total return index.
Characteristics
Asset class
Thematic Equities
Geographical focus
Global
Traded / Risk currency
GBP / Varied
Total expense ratio (TER)
0.65%
Type of fund
ETF
Investment style
Passive
Replication method
Physical
Replication strategy
Full
AWSG
AWSG
Provider: UBS
UBS MSCI ACWI Socially Responsible UCITS ETF (GBP hedged)
Benchmark
MSCI ACWI SRI Low Carbon Select 5% Issuer Capped with Developed Markets GBP hedged
Description
This ETF aims to track the performance of the MSCI ACWI SRI Low Carbon Select 5% issuer capped, with the developed markets exposure hedged to GBP.
Investment team comments
This ETF provides exposure to companies with outstanding environmental, social and governance ratings across both developed and emerging equity markets, whilst excluding companies that engage in controversial activities or whose products have negative social or environmental impacts. Socially responsible investment incorporates non-financial data alongside traditional investment metrics, with a belief that the companies that are best placed to operate successfully in the future are those with strong sustainability profiles, that do business in a fair and progressive way, and with a management team well aligned to investors interests.
Characteristics
Asset class
Global Equities
Geographical focus
Global
Traded / Risk currency
GBP / Varied
Total expense ratio (TER)
0.33%
Type of fund
ETF
Investment style
Passive
Replication method
Physical
Replication strategy
Full
VWRL
VWRL
Provider: Vanguard
Vanguard FTSE All World UCITS ETF
Benchmark
FTSE All-World Index
Description
This ETF aims to track the performance of the FTSE All-World Index, providing broad exposure to developed and emerging market large cap equities.
Investment team comments
This ETF provides a low cost route to gain broad exposure to global equity markets.
Characteristics
Asset class
Global Equities
Geographical focus
Global
Traded / Risk currency
GBP / Varied
Total expense ratio (TER)
0.22%
Type of fund
ETF
Investment style
Passive
Replication method
Physical
Replication strategy
Optimised
WLDS
WLDS
Provider: iShares
Ishares III PLC - Ishares Msci World Small Cap UCITS ETF
Benchmark
MSCI World Small Cap Net Total Return USD Index
Description
This ETF aims to track the performance of the MSCI World Small Cap Index.
Investment team comments
This ETF provides exposure to Global Small Cap index.
Characteristics
Asset class
Global Equities
Geographical focus
Global
Traded / Risk currency
GBP / Varied
Total expense ratio (TER)
0.35%
Type of fund
ETF
Investment style
Passive
Replication method
Physical
Replication strategy
Optimised
Commodities
SGLN
SGLN
Provider: iShares
iShares Physical Gold ETC
Benchmark
LBMA Gold Price
Description
This ETF provides an easy way to benefit from changes in the gold prices, without the difficulty and cost of holding physical gold bars.
Investment team comments
Gold ETFs have become the most efficient way to invest in gold, so much so that gold held in ETFs now rival the largest holders in the world (the largest Central Banks). This makes buying and selling an exposure to gold highly efficient and cost effective.
Characteristics
Asset class
Commodities
Geographical focus
Global
Traded / Risk currency
GBP / GBP
Total expense ratio (TER)
0.12%
Type of fund
ETF
Investment style
Passive
Replication method
Physical
Replication strategy
Full
SGLP
SGLP
Provider: Invesco
Invesco Physical Gold ETC
Benchmark
LBMA Gold Price
Description
This ETF provides an easy way to benefit from changes in the gold prices, without the difficulty and cost of holding physical gold bars. 100% of the bars underlying the Invesco gold ETF are compliant with the London Bullion Market’s (LBMA) Responsible Gold Guidance. This set of guidelines represent the highest standards for sourcing gold and intended to combat money laundering, terrorist financing, and human rights abuses, including child labour.
Investment team comments
Gold ETFs have become the most efficient way to invest in gold, so much so that gold held in ETFs now rival the largest holders in the world (the largest Central Banks). This makes buying and selling an exposure to gold highly efficient and cost effective.
Characteristics
Asset class
Commodities
Geographical focus
Global
Traded / Risk currency
GBP / GBP
Total expense ratio (TER)
0.12%
Type of fund
ETF
Investment style
Passive
Replication method
Physical
Replication strategy
Full