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