Equity: U.K. - Total Market
With 6 ETFs and over $1.84B in combined AUM, the Equity: U.K. - Total Market segment provides exposure to the U.K. space with a focus on Total Market securities.
Year-to-date, the best-performing ETF in the segment is the iShares Currency Hedged MSCI United Kingdom ETF (HEWU), with a total return of -5.73%. Meanwhile, the most popular ETF is the iShares MSCI United Kingdom ETF (EWU) with $1.80BB in assets under management.
Investors should take a look at the iShares MSCI United Kingdom ETF (EWU). This fund has been chosen as an Analyst Pick by FactSet, thus is the best ETF for the average investor. EWU tracks a market-cap-weighted index of British companies. It covers the top 85% of British companies by market cap. EWU has an expense ratio of 0.49% and tracks the MSCI United Kingdom Index.
ETF.com Efficiency Insight
The average efficiency score in the Equity: U.K. - Total Market segment is 74 out of 100, with the iShares MSCI United Kingdom ETF(EWU) obtaining the highest rating of 92 out of 100.
Costs dominate the discussion around efficiency. ETFs in the segment have an average expense ratio of 0.41% per year, with the Franklin FTSE United Kingdom ETF (FLGB) having the lowest expense ratio, charging investors 0.09% yearly.
Investors should look for funds with tight tracking, such as the SPDR Solactive United Kingdom ETF (ZGBR), with a 12-month median tracking difference of -0.53%.
ETF.com Tradability Insight
The average tradability score in the Equity: U.K. - Total Market segment is 58 out of 100, with the iShares MSCI United Kingdom ETF(EWU) obtaining the highest rating of 90 out of 100.
The iShares MSCI United Kingdom ETF (EWU) is the undisputed segment leader when it comes to liquidity. The fund trades 88.05M in daily average volume. Investors should also find ample liquidity in the First Trust United Kingdom AlphaDEX Fund (FKU), with $250.06K in daily dollar volume.
Use limit orders to trade funds such as the Xtrackers MSCI United Kingdom Hedged Equity ETF(DBUK), due to their double-digit market spreads.
ETF.com Fit Insight
The MSCI United Kingdom IMI has been selected as the index that most accurately represents the market in question. The benchmark has been selected by the ETF Analytics team at FactSet, according to a series of guidelines to ensure this index accurately captures its market.
Investors trying to match a broad market exposure should pay attention to FLGB. This fund obtains a high Fit score and investors should capture market-like returns.
Other funds diverge from the market, by nature of their investment mandates; for example, HEWU follows a Currency Hedged Vanilla strategy and obtains a low Fit score compared with our neutral benchmark.