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Our investments

When you invest with us, we construct your portfolio for you, principally using a mix of exchange traded funds — ETFs. An ETF is a fund that contains a basket of different assets (like stocks and bonds), and is traded on an exchange, much like a stock. 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.

Provider: JPMorgan

JPMorgan Betabuilders US Small Cap Equity UCITS ETF (USD INC)

Benchmark

Morningstar US Small Cap Target Market Exposure NR USD

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)

0.13%

Type of fund

ETF

Investment style

Passive

Replication method

Physical

Replication strategy

Full

Provider: iShares

iShares MSCI EMU Small Cap UCITS ETF (EUR ACC)

Benchmark

MSCI EMU Small Cap Net Return EUR Index

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

Provider: iShares

iShares Core MSCI EMU UCITS ETF (EUR ACC)

Benchmark

MSCI EMU Net Return EUR 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

Provider: iShares

iShares Core MSCI EMU UCITS ETF (GBP HEDGED DIST)

Benchmark

MSCI EMU Net Return EUR Index

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

Provider: iShares

iShares NASDAQ 100 UCITS ETF (USD ACC)

Benchmark

NASDAQ-100 Notional Net Total Return Index

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)

0.3%

Type of fund

ETF

Investment style

Passive

Replication method

Physical

Replication strategy

Full

Provider: Amundi

Amundi MSCI Pacific Ex Japan SRI Climate Paris Aligned ETF (UCITS ETF DR USD ACC)

Benchmark

MSCI Pacific ex Japan SRI Filtered PAB Net EUR Index

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 / Varied

Total expense ratio (TER)

0.2%

Type of fund

ETF

Investment style

Passive

Replication method

Physical

Replication strategy

Full

Provider: iShares

iShares Core MSCI Pacific ex-Japan UCITS ETF (USD ACC)

Benchmark

MSCI Pacific ex Japan Free Net Total Return USD Index

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

Provider: iShares

iShares MSCI Canada UCITS ETF (USD ACC)

Benchmark

MSCI Canada Net Total Return USD Index

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

Provider: iShares

iShares Core S&P 500 UCITS ETF (USD ACC)

Benchmark

S&P 500 Net Total Return Index

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

Provider: iShares

iShares MSCI USA Small Cap CTB Enhanced ESG UCITS ETF (USD ACC)

Benchmark

MSCI USA Small Cap ESG Enhanced Focus CTB Net USD 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

Provider: State Street

SS SPDR MSCI World Energy UCITS ETF)

Benchmark

MSCI WORLD ENERGY 35/20 CAPPED NET USD

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

Provider: Invesco

Invesco EQQQ Nasdaq-100 UCITS ETF (GBP HEDGED ACC)

Benchmark

NASDAQ-100 Notional Net Total Return Index

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

Provider: Invesco

Invesco EQQQ Nasdaq-100 UCITS ETF (USD INC)

Benchmark

NASDAQ-100 Notional Net Total Return Index

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

Provider: iShares

iShares MSCI Europe Industrials Sector UCITS ETF (EUR ACC)

Benchmark

MSCI EUROPE INDUSTRIALS 20/35 CAPPED Net EUR

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

Europe

Traded / Risk currency

GBP / EUR

Total expense ratio (TER)

0.18%

Type of fund

ETF

Investment style

Passive

Replication method

Physical

Replication strategy

Full

Provider: UBS

UBS MSCI EMU Socially Responsible UCITS ETF (GBP INC Hedged)

Benchmark

MSCI EMU SRI Low Carbon Select 5% Issuer Capped 100% hedged to GBP Net

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)

0.23%

Type of fund

ETF

Investment style

Passive

Replication method

Physical

Replication strategy

Full

Provider: Invesco

Invesco S&P 500 UCITS ETF (GBP Hdg ACC)

Benchmark

S&P 500 GBP Daily Hdg Net TR

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

Provider: iShares

iShares Core S&P 500 UCITS ETF (GBP HEDGED DIST)

Benchmark

S&P 500 Net Total Return Index

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

Provider: iShares

iShares MSCI Japan GBP Hedged UCITS ETF Acc (GBP ACC)

Benchmark

MSCI Japan 100% Hedged to GBP Net TR Index

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)

0.64%

Type of fund

ETF

Investment style

Passive

Replication method

Physical

Replication strategy

Full

Provider: iShares

iShares plc - iShares Core FTSE 100 UCITS ETF (GBP INC)

Benchmark

FTSE 100 Net Tax Index

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

Provider: iShares

iShares MSCI Japan Small Cap UCITS ETF (USD INC)

Benchmark

MSCI Japan Small Cap Net Total Return USD Index

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

Provider: iShares

iShares S&P Small Cap 600 UCITS ETF (USD INC)

Benchmark

S&P 600 USD Net Total Return Index

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)

0.3%

Type of fund

ETF

Investment style

Passive

Replication method

Physical

Replication strategy

Full

Provider: iShares

iShares Core MSCI World UCITS ETF (GBP HEDGED INC)

Benchmark

MSCI World Net Total Return USD Index

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

Provider: JPMorgan

JPMorgan US Value Equity Active UCITS ETF (USD ACC)

Benchmark

Russell 1000 Value Net

Description

This Fund is to achieve a long-term return in excess of the Benchmark by actively investing primarily in a value style-biased portfolio of US companies.

Investment team comments

This ETF provides exposure to US companies with a bias to value factor.

Characteristics

Asset class

Developed Markets Equities

Geographical focus

United States

Traded / Risk currency

GBp / USD

Total expense ratio (TER)

0.49%

Type of fund

ETF

Investment style

Active

Replication method

Physical

Replication strategy

Actively Managed

Provider: JPMorgan

JPMorgan Nasdaq Equity Premium Income Active UCITS ETF (USD DIST)

Benchmark

NASDAQ-100 Notional Net Total Return Index

Description

This ETF aims to provide income and long-term capital growth with US NASDAQ equities.

Investment team comments

This ETF invests in a portfolio of equity securities of companies, with a bias into technology sector and sell equity call options and equity index call options, to generate an income through the associated dividends and options premiums.

Characteristics

Asset class

Developed Markets Equities

Geographical focus

United States

Traded / Risk currency

GBp / USD

Total expense ratio (TER)

0.35%

Type of fund

ETF

Investment style

Active

Replication method

Physical

Replication strategy

Actively Managed

Provider: JPMorgan

JPMorgan Europe Research Enhanced Index Equity Active UCITS ETF (EUR ACC)

Benchmark

MSCI Europe Net Total Return EUR Index

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)

0.23%

Type of fund

ETF

Investment style

Active

Replication method

Physical

Replication strategy

Actively Managed

Provider: JPMorgan

JPMorgan Global Research Enhanced Index Equity Active UCITS ETF (GBP HEDGED ACC)

Benchmark

MSCI World Net Total Return USD Index

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)

0.23%

Type of fund

ETF

Investment style

Active

Replication method

Physical

Replication strategy

Actively Managed

Provider: JPMorgan

JPMorgan US Growth Equity Active UCITS ETF (USD ACC)

Benchmark

Russell 1000 Growth Net

Description

This ETF aims to achieve a long-term return in excess of the Benchmark by actively investing primarily in a growth style-biased portfolio of US companies.

Investment team comments

This ETF provides exposure to US equity market with Growth bias and active management.

Characteristics

Asset class

Developed Markets Equities

Geographical focus

United States

Traded / Risk currency

GBp / USD

Total expense ratio (TER)

0.49%

Type of fund

ETF

Investment style

Active

Replication method

Physical

Replication strategy

Actively Managed

Provider: JPMorgan

JPMorgan Global Research Enhanced Index Equity Active UCITS ETF (USD ACC)

Benchmark

MSCI World Net Total Return USD Index

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)

0.23%

Type of fund

ETF

Investment style

Active

Replication method

Physical

Replication strategy

Actively Managed

Provider: iShares

iShares IV Public Limited Company - iShares MSCI Japan SRI UCITS ETF USD (GBP HEDGED ACC)

Benchmark

MSCI JAPAN SRI SELECT REDUCED FOSSIL FUEL NET USD INDEX

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

Provider: JPMorgan

JPMorgan AC Asia Pacific ex Japan Research Enhanced Index Eq Active UCITS ETF (USD ACC)

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)

0.35%

Type of fund

ETF

Investment style

Active

Replication method

Physical

Replication strategy

Actively Managed

Provider: JPMorgan

JPMorgan Japan Research Enhanced Index Equity Active UCITS ETF (USD ACC)

Benchmark

MSCI Japan Net Total Return USD Index

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 Japanese 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

Japan

Traded / Risk currency

GBp / JPY

Total expense ratio (TER)

0.25%

Type of fund

ETF

Investment style

Active

Replication method

Physical

Replication strategy

Actively Managed

Provider: JPMorgan

JPMorgan US Research Enhanced Index Equity Active UCITS ETF (GBP HEDGED DIST)

Benchmark

S&P 500 Net Total Return Index

Description

This Fund is to achieve a long-term return in excess of the Benchmark by actively investing primarily in a portfolio of large cap US companies.

Investment team comments

This ETF provides exposure to US large cap market with active management to chase for outperformance.

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

Active

Replication method

Physical

Replication strategy

Actively Managed

Provider: JPMorgan

JPMorgan UK Equity Core Active UCITS ETF (GBP ACC)

Benchmark

FTSE All-Share Index Total Return

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

Actively Managed

Provider: JPMorgan

JPMorgan UK Equity Core Active UCITS ETF (GBP INC)

Benchmark

FTSE All-Share Index Total Return

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. This ETF provides income.

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

Actively Managed

Provider: JPMorgan

JPMorgan US Research Enhanced Index Equity Active UCITS ETF (USD ACC)

Benchmark

S&P 500 Net Total Return Index

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

Actively Managed

Provider: Amundi

Amundi Core MSCI Japan UCITS ETF (UCITS ETF GBP Hedged Acc)

Benchmark

MSCI Japan Net Return JPY Index

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

Provider: Amundi

Amundi Core MSCI Japan UCITS ETF (UCITS ETF JPY Acc)

Benchmark

MSCI Japan Net Return JPY Index

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

Provider: iShares

iShares FTSE 250 UCITS ETF (GBP INC)

Benchmark

FTSE UK Series FTSE 250 Total Return GBP

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

Provider: State Street

SPDR RUSSELL 2000 US Small Cap UCITS ETF

Benchmark

Russell 2000 Net 30% 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

Provider: Invesco

Invesco S&P 500 UCITS ETF (A USD ACC)

Benchmark

S&P 500 Net Total Return Index

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 / USD

Total expense ratio (TER)

0.05%

Type of fund

ETF

Investment style

Passive

Replication method

Synthetic

Replication strategy

Derivative

Provider: UBS

UBS MSCI USA Socially Responsible UCITS ETF (USD DIS INC)

Benchmark

MSCI USA SRI Low Carbon Select 5% Issuer Capped Net USD

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)

0.19%

Type of fund

ETF

Investment style

Passive

Replication method

Physical

Replication strategy

Full

Provider: UBS

UBS MSCI World Socially Responsible UCITS ETF (USD DIS)

Benchmark

MSCI World SRI Low Carbon Select 5% Issuer Capped Net USD

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 developed 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)

0.19%

Type of fund

ETF

Investment style

Passive

Replication method

Physical

Replication strategy

Full

Provider: UBS

UBS MSCI USA Socially Responsible UCITS ETF (hGBP DIS INC)

Benchmark

MSCI USA SRI Low Carbon Select 5% Issuer Capped 100% hedged to GBP Net

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)

0.22%

Type of fund

ETF

Investment style

Passive

Replication method

Physical

Replication strategy

Full

Provider: UBS

UBS MSCI World Socially Responsible UCITS ETF (hGBP DIS)

Benchmark

MSCI World SRI Low Carbon Select 5% Issuer Capped Select 100% hedged to GBP Net

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 developed 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 / GBP

Total expense ratio (TER)

0.22%

Type of fund

ETF

Investment style

Passive

Replication method

Physical

Replication strategy

Full

Provider: iShares

iShares MSCI USA SRI UCITS ETF (GBP HEDGED DIST INC)

Benchmark

MSCI USA SRI SELECT REDUCED FOSSIL FUEL NET USD 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)

0.23%

Type of fund

ETF

Investment style

Passive

Replication method

Physical

Replication strategy

Full

Provider: iShares

iShares IV Public Limited Company - iShares MSCI Japan SRI UCITS ETF USD (USD ACC)

Benchmark

MSCI JAPAN SRI SELECT REDUCED FOSSIL FUEL NET USD INDEX

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

Provider: iShares

iShares MSCI USA SRI UCITS ETF (USD ACC)

Benchmark

MSCI USA SRI SELECT REDUCED FOSSIL FUEL NET USD INDEX

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

Provider: UBS

UBS Core MSCI Japan UCITS ETF (GBP INC Hedged)

Benchmark

MSCI Japan 100% Hedged to GBP Net TR Index

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)

0.15%

Type of fund

ETF

Investment style

Passive

Replication method

Physical

Replication strategy

Full

Provider: UBS

UBS MSCI Canada UCITS ETF (CAD INC)

Benchmark

MSCI Canada Total Return Net in CAD CAD NETR

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

Provider: UBS

UBS MSCI EMU Socially Responsible UCITS ETF (EUR INC)

Benchmark

MSCI EMU SRI Low Carbon Select 5% Issuer Capped 100% hedged to GBP Net

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)

0.2%

Type of fund

ETF

Investment style

Passive

Replication method

Physical

Replication strategy

Full

Provider: UBS

UBS MSCI EMU Small Cap UCITS ETF (EUR INC)

Benchmark

MSCI EMU Small Cap Net Total Return EUR Index

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 / EUR

Total expense ratio (TER)

0.28%

Type of fund

ETF

Investment style

Passive

Replication method

Physical

Replication strategy

Full

Provider: UBS

UBS MSCI Canada UCITS ETF (GBP ACC)

Benchmark

MSCI CA GBP Hdg Net

Description

This ETF aims to track the MSCI Canada GBP Hedged index, consisting of the largest Canadian stocks, independent of movements in the pound/CAD 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)

0.36%

Type of fund

ETF

Investment style

Passive

Replication method

Physical

Replication strategy

Full

Provider: UBS

UBS MSCI Switzerland 20/35 UCITS ETF (GBP INC Hedged)

Benchmark

MSCI Switzerland 25/35 Hedged GBP

Description

This ETF aims to track the MSCI Switzerland 20/35 Index, independent of movements in the pound/CHF 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)

0.23%

Type of fund

ETF

Investment style

Passive

Replication method

Physical

Replication strategy

Full

Provider: iShares

iShares S&P 500 Financials Sector UCITS ETF USD ACC (USD ACC)

Benchmark

S&P 500 Capped 35/20 Financials Net Total Return Index

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

Provider: UBS

UBS MSCI United Kingdom IMI Socially Responsible UCITS ETF (GBP INC)

Benchmark

MSCI UK IMI Extended SRI Low Carbon Select 5% Issuer Capped Net GBP

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

Provider: Vanguard

Vanguard FTSE Developed Europe ex UK UCITS ETF (EUR DIST INC)

Benchmark

FTSE Developed Europe ex UK Net Tax EUR Index

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

Provider: Vanguard

Vanguard FTSE Japan UCITS ETF (USD INC)

Benchmark

FTSE Japan Net Total Return Index

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)

0.1%

Type of fund

ETF

Investment style

Passive

Replication method

Physical

Replication strategy

Full

Provider: Vanguard

Vanguard FTSE 250 UCITS ETF (GBP INC)

Benchmark

FTSE 250 Net Dividend Total Return Index

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

Provider: Vanguard

Vanguard FTSE 100 UCITS ETF (GBP INC)

Benchmark

FTSE 100 Net Tax Index

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

Provider: Vanguard

Vanguard S&P 500 UCITS ETF (USD INC)

Benchmark

S&P 500 Net Total Return Index

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

Provider: iShares

iShares MSCI World Energy Sector UCITS ETF (USD INC)

Benchmark

MSCI World Energy Net Total Return USD 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)

0.18%

Type of fund

ETF

Investment style

Passive

Replication method

Physical

Replication strategy

Full

Provider: iShares

iShares World Equity High Income Active UCITS ETF (USD INC)

Benchmark

MSCI World Net Total Return USD Index

Description

The Fund is actively managed and aims to generate income and capital growth with lower volatility than developed market equities.

Investment team comments

This ETF uses derivatives to actively chase both income and captial growth.

Characteristics

Asset class

Developed Markets Equities

Geographical focus

Global

Traded / Risk currency

GBP / Varied

Total expense ratio (TER)

0.35%

Type of fund

ETF

Investment style

Active

Replication method

Synthetic

Replication strategy

Derivative

Provider: Invesco

Invesco STOXX Europe 600 Optimised Banks UCITS ETF (Acc)

Benchmark

DJ STOXX 600 Optimised Bank

Description

This ETF aims to track the performance of the STOXX Europe 600 Optimised Banks Total Return Index.

Investment team comments

This ETF provides exposure to European Banks sector at an attractive management fee level.

Characteristics

Asset class

Developed Markets Equities

Geographical focus

Europe

Traded / Risk currency

GBp / EUR

Total expense ratio (TER)

0.2%

Type of fund

ETF

Investment style

Passive

Replication method

Synthetic

Replication strategy

Derivative

Provider: Xtrackers

Xtrackers MSCI EMU UCITS ETF (2C GBP ACC Hedged)

Benchmark

MSCI EMU Index

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

Provider: Xtrackers

Xtrackers MSCI Nordic UCITS ETF (1D)

Benchmark

MSCI Nordic Net Total Return EUR Index

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

Provider: Xtrackers

Xtrackers S&P 500 UCITS ETF (2C - GBP Hedged)

Benchmark

S&P 500 Net Total Return Index

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

Provider: Xtrackers

Xtrackers MSCI USA UCITS ETF (1C)

Benchmark

MSCI USA Net Total Return USD Index

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

Provider: Xtrackers

Xtrackers MSCI Nordic UCITS ETF (2C - GBP Hedged)

Benchmark

MSCI Nordic Countries Total Return Net Index

Description

This ETF aims to track the performance of the MSCI Nordic Countries Total Return Net Index. The ETF offers direct investment in Nordic equities. Provides exposure to large and mid cap equities, covering around 85% of the market, covering around 85% of the market. Settlement: ICSD

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 exposure, whilst mitigating return volatility from currency risk through a hedge to GBP.

Characteristics

Asset class

Developed Markets Equities

Geographical focus

Nordic Region

Traded / Risk currency

GBP / GBP

Total expense ratio (TER)

0.35%

Type of fund

ETF

Investment style

Passive

Replication method

Physical

Replication strategy

Full

Provider: Xtrackers

Xtrackers MSCI Pacific ex Japan Screened UCITS ETF (1C USD ACC)

Benchmark

MSCI PACIFIC EX JAPAN SELECT SCREENED NET USD INDEX

Description

This ETF aims to track the MSCI Pacific ex Japan Select 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

Provider: Xtrackers

Xtrackers MSCI USA Financials UCITS ETF (1D)

Benchmark

MSCI USA Financials Net Return USD Index

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.

Provider: iShares

iShares MSCI China Tech UCITS ETF (USD ACC)

Benchmark

MSCI CHINA TECHNOLOGY SUB-INDUSTRIES SCREENED SELECT CAPPED NET USD INDEX

Description

This ETF aims to track the performance of the MSCI China Technology Sub-Industries ESG Screened Select Capped Index.

Investment team comments

This ETF provides exposure to Chinese Technology with ESG screening for reduced politic risks.

Characteristics

Asset class

Emerging Markets Equities

Geographical focus

Emerging Markets

Traded / Risk currency

GBP / Varied

Total expense ratio (TER)

0.45%

Type of fund

ETF

Investment style

Passive

Replication method

Physical

Replication strategy

Full

Provider: iShares

iShares Core MSCI EM IMI UCITS ETF (USD ACC)

Benchmark

MSCI EM EMerging Markets IMI USD Net

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

Provider: iShares

iShares MSCI EM EX-China UCITS ETF (USD ACC)

Benchmark

MSCI Emerging Markets ex China Net Return USD Realtime 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

Provider: JPMorgan

JPMorgan Global Emerging Markets Research Enhanced Index Equity Active UCITS ETF (USD ACC)

Benchmark

MSCI Emerging Net Total Return USD Index

Description

This fund aims to achieve a long-term return in excess of the MSCI Emerging Market 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)

0.35%

Type of fund

ETF

Investment style

Active

Replication method

Physical

Replication strategy

Actively Managed

Provider: iShares

iShares MSCI EM SRI UCITS ETF (USD ACC)

Benchmark

MSCI EM SRI SELECT REDUCED FOSSIL FUEL NET USD 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

Provider: UBS

UBS MSCI EM Socially Responsible UCITS ETF (USD INC)

Benchmark

MSCI Emerging Markets SRI Low Carbon Select 5% Issuer Capped Net USD

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)

0.24%

Type of fund

ETF

Investment style

Passive

Replication method

Physical

Replication strategy

Optimised

Provider: Xtrackers

Xtrackers MSCI Emerging Markets UCITS ETF (1C)

Benchmark

MSCI Emerging Net Total Return USD Index

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.

Provider: JPMorgan

JPMorgan BetaBuilders EUR Govt Bond UCITS ETF (EUR ACC)

Benchmark

J.P. Morgan 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

Provider: JPMorgan

JPMorgan BetaBuilders US Treasury Bond UCITS ETF (GBP HEDGED ACC)

Benchmark

J.P. Morgan 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

Provider: Amundi

Amundi UK Government Bond 0-5Y UCITS ETF (UCITS ETF USD INC)

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)

0.05%

Type of fund

ETF

Investment style

Passive

Replication method

Physical

Replication strategy

Optimised

Provider: Amundi

Amundi Core UK Government Bond UCITS ETF (UCITS ETF INC)

Benchmark

FTSE Actuaries UK Conventional Gilts All Stocks Total Return 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)

0.05%

Type of fund

ETF

Investment style

Passive

Replication method

Physical

Replication strategy

Optimised

Provider: State Street

SS SPDR Bloomberg 15+ Year Gilt UCITS ETF (GBP INC)

Benchmark

Bloomberg UK Gilt 15+ TR Value Unhedged GBP

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

Provider: Invesco

Invesco UK Gilt 15+ Year UCITS ETF/Ireland (IVZ UK Gilt 15+ Dist)

Benchmark

Bloomberg UK Gilt 15+ TR Value Unhedged GBP

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)

0.06%

Type of fund

ETF

Investment style

Passive

Replication method

Physical

Replication strategy

Optimised

Provider: iShares

iShares USD Treasury Bond 20+yr UCITS ETF (USD DIST)

Benchmark

ICE US Treasury 20+ Year 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.

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

Provider: iShares

iShares USD Treasury Bond 1-3yr UCITS ETF (USD INC)

Benchmark

ICE US Treasury 1-3 Year Bond Index

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

Provider: iShares

iShares USD Treasury Bond 20+yr UCITS ETF (GBP HEDGED DIST)

Benchmark

ICE US Treasury 20+ Year 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

Provider: iShares

iShares UK Gilts 0-5yr UCITS ETF (GBP INC)

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

Provider: iShares

iShares Core UK Gilts UCITS ETF (GBP INC)

Benchmark

FTSE Actuaries UK Conventional Gilts All Stocks Total Return 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

Provider: iShares

iShares USD Treasury Bond 7-10yr UCITS ETF (GBP HEDGED DIST)

Benchmark

ICE US Treasury 7-10 Year Bond 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

Provider: iShares

iShares GBP Index-Linked Gilts UCITS ETF (GBP INC)

Benchmark

Bloomberg UK Govt Inflation-Linked All Maturities Total Return 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

Provider: iShares

iShares USD TIPS UCITS ETF (GBP HEDGED INC)

Benchmark

Bloomberg US Govt Inflation Linked Bonds All-Mats TR UHedged CAD

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

Provider: JPMorgan

JPMorgan BetaBuilders UK Gilt 1-5 YR UCITS ETF (GBP INC)

Benchmark

J.P. Morgan 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

Provider: JPMorgan

JPMorgan Global Government Bond Active UCITS ETF (GBP HEDGED DIST)

Benchmark

Bloomberg Global Agg Treasuries Total Return Index Value Unhedged USD

Description

This ETF aims to achieve a long-term return in excess of global aggregate government bond index.

Investment team comments

This ETF invests actively primarily in a portfolio of global govt & govt related debt securities. The Sub-Fund may also invest in govt/govt related debt securities which are unrated or from emerging markets.

Characteristics

Asset class

Developed Markets Government Bonds

Geographical focus

Global

Traded / Risk currency

GBP / Varied

Total expense ratio (TER)

0.23%

Type of fund

ETF

Investment style

Active

Replication method

Physical

Replication strategy

Actively Managed

Provider: Amundi

Amundi US TIPS Government Inflation-Linked Bond (UCITS ETF USD INC)

Benchmark

Bloomberg US Govt Inflation-Linked All Maturities Total Return Index

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

Provider: Invesco

Invesco US Treasury 7-10 Year UCITS ETF (A-DIST)

Benchmark

Bloomberg U.S. Treasury: 7-10 Year TR Index Value Unhedged U

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

Provider: UBS

UBS Core BBG TIPS 1-10 UCITS ETF (GBP ACC Hedged)

Benchmark

Bloomberg US Treasury Inflation Notes 1-10Y Total Return Hedged GBP

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)

0.11%

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.

Provider: iShares

iShares J.P. Morgan USD EM Bond UCITS ETF (GBP INC HEDGED)

Benchmark

J.P. Morgan EMBI 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 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

Provider: UBS

UBS J.P. Morgan USD EM IG Screened Diversified Bond UCITS ETF (USD ACC)

Benchmark

J.P. Morgan USD EM IG ESG Diversified Bond Index Total Return USD

Description

This ETF aims to track the performance of the JPMorgan USD EM IG 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)

0.4%

Type of fund

ETF

Investment style

Passive

Replication method

Physical

Replication strategy

Optimised

Provider: JPMorgan

JPMorgan Emerging Markets Local Currency Bond Active UCITS ETF (USD DIST)

Benchmark

J.P. Morgan GBI-EM Global Diversified Composite Unhedged USD

Description

This ETF aims to achieve a long-term return in excess of J.P. Morgan GBI-EM Global Diversified (Total Return Gross) ("the Benchmark") by actively investing primarily in emerging market local currency debt securities, using financial derivative instruments to gain exposure to underlying assets, where appropriate.

Investment team comments

This ETF provides exposure to Emerging Market in local currencies with active management.

Characteristics

Asset class

Emerging Markets Government Bonds

Geographical focus

Emerging Markets

Traded / Risk currency

GBP / Varied

Total expense ratio (TER)

0.45%

Type of fund

ETF

Investment style

Active

Replication method

Physical

Replication strategy

Actively Managed

Provider: JPMorgan

JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF (GBP HEDGED DIST)

Benchmark

J.P. Morgan Emerging Markets Risk-Aware Bond Index Total Return

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

Provider: UBS

UBS BBG USD EM Sovereign UCITS ETF (GBP INC Hedged)

Benchmark

Bloomberg EM USD Sov/Agency 3% Country Cap TR Index Value Hedged GBP

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)

0.28%

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.

Provider: UBS

UBS BBG MSCI US Liquid Corp Sustainable UCITS ETF (GBP INC Hedged)

Benchmark

Bloomberg US Liquid Corporates Sustainable TR Index Value Hedged GBP

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)

0.16%

Type of fund

ETF

Investment style

Passive

Replication method

Physical

Replication strategy

Optimised

Provider: iShares

iShares Global Corp Bond UCITS ETF (GBP INC)

Benchmark

Bloomberg Global Agg Corporate Total Return Index Value Unhedged USD

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

Provider: iShares

iShares USD High Yield Corp Bond ESG SRI UCITS ETF (GBP HEDGED INC)

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

Provider: iShares

iShares GBP Ultrashort Bond UCITS ETF (GBP INC)

Benchmark

Markit iBoxx GBP Liquid Investment Grade Ultrashort Index TRI

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

Provider: iShares

iShares USD Ultrashort Bond UCITS ETF (USD DIST)

Benchmark

Markit iBoxx USD Liquid Investment Grade Ultrashort Index TRI

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

Provider: iShares

iShares USD High Yield Corp Bond UCITS ETF (GBP INC)

Benchmark

Markit iBoxx USD Lq HY capped TRI

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

Provider: iShares

iShares GBP Corp Bond 0-5yr UCITS ETF (GBP DIST)

Benchmark

Markit iBoxx GBP Corporates 0-5 TRi

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

Provider: JPMorgan

JPMorgan Global Aggregate Bond Active UCITS ETF (GBP HEDGED ACC)

Benchmark

Bloomberg Global-Aggregate Total Return Index Value Unhedged USD

Description

This ETF aims to achieve a long-term return in excess of Bloomberg Global-Aggregate Total Return Index Value Unhedged USD.

Investment team comments

This ETF provides exposure to investment grade debt securities, globally, using financial derivative instruments to gain exposure to underlying assets, where appropriate.

Characteristics

Asset class

Corporate Bonds

Geographical focus

Global

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

Provider: JPMorgan

JPMorgan Global Aggregate Bond Active UCITS ETF (GBP HEDGED DIST)

Benchmark

Bloomberg Global-Aggregate Total Return Index Value Unhedged USD

Description

This ETF aims to achieve a long-term return in excess of Bloomberg Global-Aggregate Total Return Index Value Unhedged USD.

Investment team comments

This ETF provides exposure to investment grade debt securities, globally, using financial derivative instruments to gain exposure to underlying assets, where appropriate.

Characteristics

Asset class

Corporate Bonds

Geographical focus

Global

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

Provider: JPMorgan

JPMorgan EUR IG Corporate Bond Active UCITS ETF (GBP ACC)

Benchmark

Bloomberg Euro Corporate Unh EUR

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)

0.04%

Type of fund

ETF

Investment style

Active

Replication method

Physical

Replication strategy

Actively Managed

Provider: JPMorgan

JPMorgan GBP Ultra-Short Income Active UCITS ETF (GBP DIST)

Benchmark

ICE BofA Sterling 3-Month Government Bill Index

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)

0.18%

Type of fund

ETF

Investment style

Active

Replication method

Physical

Replication strategy

Actively Managed

Provider: JPMorgan

JPMorgan Global High Yield Corporate Bond Multi-Factor Active UCITS ETF (GBP HEDGED DIST)

Benchmark

ICE BofA Global High Yield Index

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

Active

Replication method

Physical

Replication strategy

Actively Managed

Provider: JPMorgan

JPMorgan USD High Yield Bond Active UCITS ETF (GBP HEDGED DIST)

Benchmark

ICE BofA US High Yield Constrained Index

Description

This ETF aims to achieve a long-term return in excess of high yield corporate bond index.

Investment team comments

This ETF invests primarily in USD-denominated below investment grade corporate debt securities.

Characteristics

Asset class

Corporate Bonds

Geographical focus

United States

Traded / Risk currency

GBP / USD

Total expense ratio (TER)

0.45%

Type of fund

ETF

Investment style

Active

Replication method

Physical

Replication strategy

Actively Managed

Provider: JPMorgan

JPMorgan EUR IG Corporate Bond Active UCITS ETF (EUR ACC)

Benchmark

Bloomberg Euro Corporate Unh EUR

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)

0.04%

Type of fund

ETF

Investment style

Active

Replication method

Physical

Replication strategy

Actively Managed

Provider: JPMorgan

JPMorgan USD IG Corporate Bond Active UCITS ETF (USD ACC)

Benchmark

Bloomberg US Corporate Total Return Value Unhedged USD

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)

0.04%

Type of fund

ETF

Investment style

Active

Replication method

Physical

Replication strategy

Actively Managed

Provider: JPMorgan

JPMorgan USD IG Corporate Bond Active UCITS ETF (GBP HEDGED DIST)

Benchmark

Bloomberg US Corporate Total Return Value Unhedged USD

Description

This ETF aims to achieve a long-term return in excess of Investment Grade USD dominated bond index.

Investment team comments

This ETF invests at least 67% of the assets in investment grade USD denominated corporate debt securities (excl.assets held for ancillary liquidity purposes).

Characteristics

Asset class

Corporate Bonds

Geographical focus

United States

Traded / Risk currency

GBP / USD

Total expense ratio (TER)

0.04%

Type of fund

ETF

Investment style

Active

Replication method

Physical

Replication strategy

Actively Managed

Provider: JPMorgan

JPMorgan USD IG Corporate Bond Active UCITS ETF (GBP HEDGED ACC)

Benchmark

Bloomberg US Corporate Total Return Value Unhedged USD

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)

0.04%

Type of fund

ETF

Investment style

Active

Replication method

Physical

Replication strategy

Actively Managed

Provider: iShares

iShares USD Corp Bond UCITS ETF (USD DIST)

Benchmark

iBoxx USD Liquid Investment Grade Index TR

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

Provider: iShares

iShares Fallen Angels High Yield Corp Bond UCITS ETF (USD INC)

Benchmark

Bloomberg GLAxEM Fallen Angels 3% Issuer Capped TR Index Unhedg USD

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

Provider: iShares

iShares USD Corp Bond 0-3Yr ESG SRI UCITS ETF (GBP HEDGED INC)

Benchmark

Bloomberg MSCI US Corp 0-3 SRI Total Return Index Value Unhedged USD

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

Provider: iShares

iShares EUR High Yield Corp Bond UCITS ETF (EUR INC)

Benchmark

Markit iBoxx EUR Liquid High Yield Index TRI

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

Provider: iShares

iShares USD High Yield Corp Bond UCITS ETF (USD INC)

Benchmark

Markit iBoxx USD Lq HY capped TRI

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

Provider: iShares

iShares Core GBP Corp Bond UCITS ETF (GBP INC)

Benchmark

Markit iBoxx GBP Liquid Corporates Large Cap TRI Index

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

Provider: iShares

iShares US Mortgage Backed Securities UCITS ETF (USD INC)

Benchmark

Bloomberg US MBS Index Total Return Value Unhedged USD

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)

0.29%

Type of fund

ETF

Investment style

Passive

Replication method

Physical

Replication strategy

Optimised

Provider: Pimco

PIMCO US Short-Term High Yield Corporate Bond UCITS ETF (USD INCOME)

Benchmark

ICE BofA 0-5 Year US High Yield Constrained Index

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

Provider: Pimco

PIMCO US Short-Term High Yield Corporate Bond UCITS ETF (ARTF GBP Hedged Income)

Benchmark

ICE BofA 0-5 Year US High Yield Constrained GBP Hedged Index

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

Provider: State Street

SS SPDR Bloomberg 0-5 Year Sterling Corporate Bond UCITS ETF (GBP INC)

Benchmark

Bloomberg GBP Corporate 0-5 Year Total Return Index Value Unhedged GBP

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 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

Provider: UBS

UBS BBG MSCI US Liquid Corp Sustainable UCITS ETF (USD INC)

Benchmark

Bloomberg US Liquid Corporates Sustainable TR Index Unhedged USD

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)

0.13%

Type of fund

ETF

Investment style

Passive

Replication method

Physical

Replication strategy

Optimised

Provider: iShares

iShares GBP UltraShort Bond ESG SRI UCITS ETF (USD DIST)

Benchmark

iBoxx MSCI ESG SRI GBP Liquid Investment Grade Ultrashort TRI

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

Provider: State Street

SS SPDR Bloomberg Sterling Corporate Bond UCITS ETF (DAST)

Benchmark

Bloomberg Sterling Corporate TR Value Unhedged GBP

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

Provider: iShares

iShares Fallen Angels High Yield Corp Bond UCITS ETF (GBP HEDGED INC)

Benchmark

Bloomberg GLAxEM Fallen Angels 3% Issuer Capped TR Index Unhedg USD

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 / GBP

Total expense ratio (TER)

0.55%

Type of fund

ETF

Investment style

Passive

Replication method

Physical

Replication strategy

Optimised

Provider: Xtrackers

Xtrackers USD High Yield Corporate Bond UCITS ETF (4D - GBP Hedged)

Benchmark

Bloomberg US HY Very Liquid Index ex 144A TR Index Value Unhedged USD

Description

This ETF physically replicates the performance of Bloomberg US High Yield Very Liquid Index.

Investment team comments

This ETF provides exposure to USD denominated corporate bonds. Non-investment grade bonds only.

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

Global Equities

Provider: UBS

UBS MSCI ACWI Socially Responsible UCITS ETF (hGBP DIS INC)

Benchmark

MSCI ACWI SRI LC Select 5% Issuer Capped with Dev Markets 100% hedged to GBP

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)

0.28%

Type of fund

ETF

Investment style

Passive

Replication method

Physical

Replication strategy

Full

Provider: JPMorgan

JPMorgan Global Equity Premium Income Active UCITS ETF (USD INC)

Benchmark

MSCI World Net Total Return USD Index

Description

This ETF aims to provide income and long-term capital growth with global equities.

Investment team comments

This ETF invests in a portfolio of equity securities of companies, globally and sell equity call options and equity index call options, to generate an income through the associated dividends and options premiums.

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

Active

Replication method

Physical

Replication strategy

Actively Managed

Provider: JPMorgan

JPMorgan Global Research Enhanced Index Equity Active UCITS ETF (GBP HEDGED DIST)

Benchmark

MSCI World Net Total Return USD Index

Description

This ETF aims to achieve a long-term return in excess of MSCI World Index (total Return Net) by actively investing primarily in a portfolio of companies, globally.

Investment team comments

This ETF provides exposure to global equities whilst actively managed to beat the benchmark and hedge the foreign currency risk to GBP.

Characteristics

Asset class

Global Equities

Geographical focus

Global

Traded / Risk currency

GBP / Varied

Total expense ratio (TER)

0.24%

Type of fund

ETF

Investment style

Active

Replication method

Physical

Replication strategy

Actively Managed

Provider: Vanguard

Vanguard FTSE All-World UCITS ETF (USD INC)

Benchmark

FTSE All World Index - TR Net Tax

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)

0.19%

Type of fund

ETF

Investment style

Passive

Replication method

Physical

Replication strategy

Optimised

Provider: iShares

Ishares III PLC - Ishares Msci World Small Cap UCITS ETF (USD ACC)

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

Provider: iShares

iShares Physical Gold GBP Hedged ETC (GBP INC)

Benchmark

ICE LBMA Gold GBP Hedged Index

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

This ETF aims to provide investment exposure to physical gold and are valued based on the London Bullion Market Association (LBMA) gold price. The exposure is hedged back to GBP.

Characteristics

Asset class

Commodities

Geographical focus

Global

Traded / Risk currency

GBP / GBP

Total expense ratio (TER)

0.25%

Type of fund

ETC

Investment style

Passive

Replication method

Physical

Replication strategy

Full

Provider: iShares

iShares Physical Gold ETC (USD)

Benchmark

LBMA Gold Price PM USD

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 / USD

Total expense ratio (TER)

0.12%

Type of fund

ETC

Investment style

Passive

Replication method

Physical

Replication strategy

Full

Provider: Invesco

Invesco Physical Gold ETC (USD ACC)

Benchmark

LBMA Gold Price PM USD

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 / USD

Total expense ratio (TER)

0.12%

Type of fund

ETC

Investment style

Passive

Replication method

Physical

Replication strategy

Full

Thematics

Provider: iShares

iShares Ageing Population UCITS ETF (USD ACC)

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

Provider: iShares

iShares MSCI EM Consumer Growth UCITS ETF (USD ACC)

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

Provider: iShares

iShares Digitalisation UCITS ETF (USD ACC)

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

Provider: iShares

iShares Healthcare Innovation UCITS ETF (USD ACC)

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

Provider: First Trust

First Trust Nasdaq Clean Edge Smart Grid Infrastructure UCITS ETF (A USD ACC)

Benchmark

Nasdaq OMX Clean Edge Smart Grid Infrastructure Exclusion Net Total Return Index

Description

The Fund seeks to provide investors with investment results that correspond generally to price and yield of the Nasdaq OMX Clean Edge Smart Grid Infractructure Index

Investment team comments

This ETF provides exposure to Smart Grid related companies around the world.

Characteristics

Asset class

Thematic Equities

Geographical focus

Global

Traded / Risk currency

GBp / Varied

Total expense ratio (TER)

0.63%

Type of fund

ETF

Investment style

Passive

Replication method

Physical

Replication strategy

Full

Provider: First Trust

First Trust Cloud Computing UCITS ETF (A USD ACC)

Benchmark

Nasdaq ISE CTA Cloud Computing Exclusions Net Total Return Index

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

Provider: VanEck

VanEck S&P Global Mining UCITS ETF (A USD INC)

Benchmark

S&P Global Mining Reduced Coal Index (USD) NTR

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

Provider: iShares

iShares Global Water UCITS ETF (USD INC)

Benchmark

S&P Gb Water USD Net Total Return 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

Provider: iShares

iShares Global Clean Energy Transition UCITS ETF (USD INC)

Benchmark

S&P Global Clean Energy Transition Index (USD) NTR

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

Provider: Invesco

Invesco Morningstar US Energy Infrastructure MLP UCITS ETF (B)

Benchmark

Morningstar MLP Composite Total Return Index

Description

This ETF aims to track the performance of the Morningstar MLP Composite Total Return Index synthetically.

Investment team comments

This ETF invests in US Energy Infrastructure through a synthetic structure.

Characteristics

Asset class

Thematic Equities

Geographical focus

United States

Traded / Risk currency

GBp / USD

Total expense ratio (TER)

0.5%

Type of fund

ETF

Investment style

Passive

Replication method

Synthetic

Replication strategy

Derivative

Provider: iShares

iShares Automation & Robotics UCITS ETF (USD ACC)

Benchmark

STOXX Global Automation & Robotics USD Net Return

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

Provider: iShares

iShares Digital Security UCITS ETF (USD INC)

Benchmark

STOXX Global Digital Security Index USD Net Return

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

Provider: VanEck

VanEck Semiconductor UCITS ETF (A USD ACC)

Benchmark

MarketVector US Listed Semiconductor 10% Capped Screened Index (NTR)

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

Provider: Global X

Global X Uranium UCITS ETF (USD ACC)

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

Provider: Invesco

Invesco Health Care S&P US Select Sector UCITS ETF (Acc)

Benchmark

S&P Select Sector Capped 20% Health Care Net Total Return Index

Description

This ETF aims to track the performance of the S&P Select Sector Capped 20% (Health Care) Net Total Return Index.

Investment team comments

This ETF invests primarily in US based healthcare sector actively.

Characteristics

Asset class

Thematic 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

Synthetic

Replication strategy

Derivative

Provider: Xtrackers

Xtrackers S&P Global Infrastructure Swap UCITS ETF (1C USD ACC)

Benchmark

S&P Glb Infr Net Total Return Index

Description

This ETF synthetically replicates the performance of the S&P Global Infrastructure Net Total Return Index.

Investment team comments

This ETF provides exposure to 75 infrastructure stocks from global developed or emerging markets.

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

Synthetic

Replication strategy

Derivative