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Low-cost index funds UK

Low-cost index funds will help you save money

This updated list of low-cost index funds and Exchange Trade Funds (ETFs) will help you to find the cheapest index trackers available in the UK.

Pick from these funds to build a diversified portfolio that – as part of a passive investing strategy – will enable you to achieve your investing goals.

Keeping charges low is a core tenet of wise investing, and so our selections are largely determined by cost and value. Every pound you save in fees is a pound that instead snowballs in your portfolio over the years.

Our piece on management fees explains how even small savings will add up to a big difference.

The growing recognition of the importance of investment fees has hugely boosted the popularity of low-cost index funds and ETFs over the past 20 years.

We too believe that these fund types are the best value investment vehicles on offer in the UK, and the right choice for passive investors.

Low-cost index funds UK – the Total Cost of Ownership

Our cheapest tracker fund UK list is divvied up into the key sub-asset classes you may wish to invest in.

The picks per asset class are ranked by their Total Cost of Ownership (TCO).

This TCO is the sum of a fund’s transaction costs and its Ongoing Charge Figure (OCF).

Many outlets only highlight a fund’s OCF (or Total Expense Ratio). But that misses out a significant chunk of cost that is captured by the less well-known transaction cost figure.

Transaction costs are the fees and taxes that all investment funds inevitably incur when trading their underlying assets.

We think it’s important to include transaction costs when considering your shortlist because such charges can be of similar size to the OCF in some sub-asset classes.

Note: fund costs are a complex and confusing area. We’ve added a few more notes about fees after the main list below.

Note II: we’ve also included the cheapest ESG option for each asset class.

Alright, let’s go hunting for bargains!

Global equity – developed world and emerging markets (All-World)

Cheapest

  • Amundi Prime All Country World ETF (PACW) TCO 0.07% (OCF 0.07%, Transaction 0%)

Next best

  • SPDR MSCI ACWI ETF (ACWI) TCO 0.12% (OCF 0.12%, Transaction 0%)
  • HSBC FTSE All-World Index Fund C (GB00BMJJJF91) TCO 0.15% (OCF 0.13%, Transaction 0.02%)
  • Invesco FTSE All-World ETF (FWRG) TCO 0.17% (OCF 0.15%, Transaction 0.02%)
  • Scalable MSCI AC World Xtrackers ETF (SCXW) TCO 0.18% (OCF 0.17%, Transaction 0.01%)
  • SPDR MSCI ACWI IMI ETF (IMID) TCO 0.18% (OCF 0.17%, Transaction 0.01%)
  • SPDR MSCI ACWI Climate Paris Aligned ETF (SAPA) TCO 0.22% (OCF 0.2%, Transaction 0.02%)

World equity – developed world only

Cheapest

  • Amundi Prime Global ETF (MWOZ) TCO 0.05% (OCF 0.05%, Transaction 0%)

Next best

  • UBS Core MSCI World ETF (WRDA) TCO 0.06% (OCF 0.06%, Transaction 0%)
  • Franklin FTSE Developed World ETF (DWLD) TCO 0.11% (OCF 0.09%, Transaction 0.02%)
  • iShares Developed World Index Fund D (IE00BD0NCL49) TCO 0.12% (OCF 0.12%, Transaction 0%)
  • iShares Developed World Fossil Fuel Screened Index Fund (GB00BFK3MT61) TCO 0.12% (OCF 0.11%, Transaction 0.01%)

World ex-US equity

Cheapest

  • iShares MSCI World ex-USA ETF (XUSE) TCO 0.15% (OCF 0.15%, Transaction 0%)

Next best

  • Amundi MSCI World ex-USA ETF (WEXU) TCO 0.16% (OCF 0.15%, Transaction 0.01%)
  • Xtrackers MSCI World ex-USA ETF (XMWX) TCO 0.17% (OCF 0.15%, Transaction 0.02%)

World ex-UK equity

Cheapest

  • Vanguard FTSE Dev World ex-UK Equity Index Fund (GB00B59G4Q73) TCO 0.16% (OCF 0.14%, Transaction 0.02%)

Next best

  • L&G International Index Trust I Fund (GB00B2Q6HW61) TCO 0.16% (OCF 0.13%, Transaction 0.03%)
  • Aviva Investors International Index Tracking SC2 Fund (GB00B2NRNX53) TCO 0.25% (OCF 0.25%, Transaction 0%)

You can also pick ‘n’ mix using individual US, Europe ex-UK, Japan, and Pacific ex-Japan trackers.

World income equity

Cheapest

  • Xtrackers MSCI World High Dividend Yield ESG ETF (XZDW) TCO 0.29% (OCF 0.25%, Transaction 0.04%)

Next best

  • Vanguard FTSE All-World High Dividend Yield ETF (VHYG) TCO 0.32% (OCF 0.29%, Transaction 0.03%)
  • iShares World Equity High Income Active ETF (WINC) TCO 0.35% (OCF 0.35%, Transaction 0%)
  • UBS S&P Dividend Aristocrats ESG Elite ETF (UBUM) TCO 0.35% (OCF 0.3%, Transaction 0.05%)
  • Franklin Global Quality Dividend ETF (FLXX) TCO 0.36% (OCF 0.3%, Transaction 0.06%)
  • Vanguard Global Equity Income Fund (GB00BZ82ZW98) TCO 0.67% (OCF 0.48%, Transaction 0.19%)

The Vanguard fund is active but gives you a non-ETF option.

World small cap equity

Cheapest

  • UBS MSCI World Small Cap Socially Responsible ETF (WSCR) TCO 0.24% (OCF 0.23%, Transaction 0.01%)

Next best

  • HSBC MSCI World Small Cap Screened ETF (HWSS) TCO 0.27% (OCF 0.25%, Transaction 0.02%)
  • iShares MSCI World Small Cap ETF (WLDS) TCO 0.36% (OCF 0.35%, Transaction 0.01%)
  • Vanguard Global Small-Cap Index Fund (IE00B3X1NT05) TCO 0.38% (OCF 0.29%, Transaction 0.09%)
  • Avantis Global Small Cap Value ETF (AVSG) TCO 0.48% (OCF 0.39%, Transaction 0.09%)

The Avantis ETF is specifically small cap value, not just small cap.

US large cap equity

Cheapest

  • SPDR S&P 500 ETF (SPXL) TCO 0.03% (OCF 0.03%, Transaction 0%)
  • Amundi MSCI USA ETF (MSCU) TCO 0.03% (OCF 0.03%, Transaction 0%)
  • UBS Core S&P 500 ETF (S5UA) TCO 0.03% (OCF 0.03%, Transaction 0%)

Next best

  • iShares US Equity Index Fund D (GB00B5VRGY09) TCO 0.06% (OCF 0.05%, Transaction 0%)
  • HSBC American Index Fund C (GB00B80QG615) TCO 0.06% (OCF 0.06%, Transaction 0%)
  • Fidelity Index US Fund P (GB00BJS8SH10) TCO 0.06% (OCF 0.06%, Transaction 0%)
  • Amundi S&P 500 Climate Paris Aligned ETF (CLMT) TCO 0.08% (OCF 0.07%, Transaction 0.01%)

The tax treatment of US equities gives synthetic ETFs a tax advantage over physical funds. Find out more in our Best S&P500 ETFs and index funds article.

UK large cap equity

Cheapest

  • iShares UK Equity Index Fund D (GB00B7C44X99) TCO 0.05% (OCF 0.05%, Transaction 0%)

Next best

  • abrdn UK All Share Tracker Fund B (GB00B76B9Y24) TCO 0.06% (OCF 0.05%, Transaction 0.01%)
  • Fidelity Index UK Fund P (GB00BJS8SF95) TCO 0.09% (OCF 0.06%, Transaction 0.03%)
  • HSBC FTSE All Share Index Fund Institutional (GB0030334345) TCO 0.1% (OCF 0.03%, Transaction 0.07%)
  • Vanguard FTSE UK All Share Index Unit Trust (GB00B3X7QG63) TCO 0.11% (OCF 0.06%, Transaction 0.05%)
  • L&G UK Equity ETF (LGUK) TCO 0.13% (OCF 0.05%, Transaction 0.8%)
  • iShares UK Equity ESG Screened and Optimised Index Fund D (GB00BN08ZV03) TCO 0.19% (OCF 0.05%, Transaction 0.14%)

Emerging markets equity

Cheapest

  • Amundi MSCI Emerging Markets ETF (LEMA) TCO 0.14% (OCF 0.14%, Transaction 0%)

Next best

  • Franklin FTSE Emerging Markets ETF (EMER) TCO 0.15% (OCF 0.11%, Transaction 0.04%))
  • HSBC MSCI Emerging Markets ETF (HMEC) TCO 0.17% (OCF 0.15%, Transaction 0.02%)
  • iShares Emerging Markets Index Fund D (GB00B84DY642) TCO 0.19% (OCF 0.19%, Transaction 0%)
  • iShares Emerging Markets Equity ESG Screened and Optimised Index Fund D (GB00BN090307) TCO 0.21% (OCF 0.19%, Transaction 0.02%)

Property – global

Cheapest

  • Xtrackers Developed Green Real Estate ESG ETF (XDRE) TCO 0.23% (OCF 0.18%, Transaction 0.05%)

Next best

  • L&G Global Real Estate Dividend Index Fund I (GB00BYW7CN38) TCO 0.25% (OCF 0.21%, Transaction 0.04%)
  • HSBC ETF FTSE EPRA/NAREIT Developed ETF (HPRS) TCO 0.26% (OCF 0.24%, Transaction 0.02%)
  • VanEck Global Real Estate ETF (TREG) TCO 0.26% (OCF 0.25%, Transaction 0.01%)
  • Amundi ETF FTSE EPRA/NAREIT Global ETF (EPRA) TCO 0.27% (OCF 0.24%, Transaction 0.03%)

Multi-factor – global

Cheapest

  • JPMorgan Global Equity Multi-Factor ETF (JPLG) TCO 0.21% (OCF 0.19%, Transaction 0.02%)

Next best

  • Invesco Global ex UK Enhanced Index Fund Z (GB00BZ8GWT74) TCO 0.28% (OCF 0.23%, Transaction 0.05%)
  • iShares STOXX World Equity Multifactor ETF (FSWD) TCO 0.37% (OCF 0.3%, Transaction 0.07%)
  • Invesco Quantitative Strategies ESG Global Equity Multi-Factor ETF (IQSA) TCO 0.39% (OCF 0.3%, Transaction 0.09%)
  • HSBC Multi-Factor Worldwide Equity ETF (HWWA) TCO 0.39% (OCF 0.25%, Transaction 0.14%)

Factor investing strays into active management territory. You are hoping your chosen subset of the market will outperform. Select funds underpinned by sound financial theory, a verifiable set of rules, and a commitment to low costs.

Regional factor ETFs are available. But we’ve stuck to global multi-factor low-cost index funds for broad diversification.

Money market – GBP

Cheapest

  • Lyxor Smart Overnight Return ETF (CSH2) TCO 0.1% (OCF 0.1%, Transaction 0%)
  • Royal London Short Term Money Market fund (GB00B8XYYQ86) TCO 0.1% (OCF 0.1%, Transaction 0%)
  • Xtrackers GBP Overnight Rate Swap ETF (XSTR) TCO 0.1% (OCF 0.1%, Transaction 0%)
  • UBS GBP Overnight Rate SF ETF (GBPO) TCO 0.1% (OCF 0.1%, Transaction 0%)

Money market funds are actively managed.

UK Government bonds – intermediate

Cheapest

  • Amundi UK Government Bond ETF (GILS) TCO 0.06% (OCF 0.05%, Transaction 0.01%)
  • Invesco UK Gilts ETF (GLTA) TCO 0.06% (OCF 0.06%, Transaction 0%)

Next best

  • iShares Core UK Gilts ETF (IGLT) TCO 0.09% (OCF 0.07%, Transaction 0.02%)
  • Fidelity Index UK Gilt Fund P (GB00BMQ57G79) TCO 0.1% (OCF 0.1%, Transaction 0%)
  • iShares GiltTrak Index Fund (IE00BD0NC250) TCO 0.1% (OCF 0.1%, Transaction 0%)

UK Government bonds – long

Cheapest

  • iShares Over 15 Years Gilts Index Fund (GB00BF338G29) TCO 0.11% (OCF 0.11%, Transaction 0%)

Next best

  • Vanguard UK Long-Duration Gilt Index Fund (GB00B4M89245) TCO 0.12% (OCF 0.12%, Transaction 0%)
  • SPDR Bloomberg Barclays 15+ Year Gilt ETF (GLTL) TCO 0.15% (OCF 0.15%, Transaction 0%)

UK Government bonds – short

Cheapest

  • L&G UK Gilt 0-5 Year ETF (UKG5) TCO 0.07% (OCF 0.06%, Transaction 0.01%)
  • Invesco UK Gilt 1-5 Year ETF (GLT5) TCO 0.07% (OCF 0.06%, Transaction 0.01%)
  • Amundi UK Government Bond 0-5Y ETF (GIL5) TCO 0.07% (OCF 0.05%, Transaction 0.02%)

Next best

  • Goldman Sachs Access UK Gilts 1-10 Years ETF (GBPG) TCO 0.09% (OCF 0.07%, Transaction 0.02%)
  • iShares Up to 10 Years Gilts Index Fund (GB00BN091C65) TCO 0.14% (OCF 0.13%, Transaction 0.01%)

The 1-10 years funds have a longer bond duration than the other short-dated funds in this section, but are significantly shorter duration than standard UK all-stocks or intermediate funds.

UK Government bonds – index-linked

Cheapest

  • Amundi UK Government Inflation-Linked Bond ETF (GILI) TCO 0.07% (OCF 0.07%, Transaction 0%)

Next best

  • L&G All Stocks Index Linked Gilt Index Trust C (GB00BG0QNY41) TCO 0.08% (OCF 0.08%, Transaction 0%)
  • iShares Up to 10 Years Index Linked Gilt Index Fund D (GB00BN091H11) TCO 0.13% (OCF 0.13%, Transaction 0%)

UK index-linked funds may not be suitable for your portfolio due to embedded real interest risk. In our Slow and Steady portfolio we’ve switched to a short duration global index-linked fund, hedged to GBP. For those, see below.

The iShares Up to 10 Years Index Linked Gilt Index Fund is relatively new. But we think it’s the best inflation-hedge from the selection above as it’s the shortest duration GBP linker fund available.

Global inflation-linked bonds hedged to £ – short

Cheapest

  • Abrdn Short Dated Global Inflation-Linked Bond Tracker Fund B (GB00BGMK1733) TCO 0.14% (OCF 0.14%, Transaction 0%)

Next best

  • Amundi Global Inflation-Linked 1-10Y Bond ETF (GISG) TCO 0.2% (OCF 0.2%, Transaction 0%)
  • Royal London Short Duration Global Index Linked Fund M (GB00BD050F05) TCO 0.27% (OCF 0.27%, Transaction 0%)

The Royal London fund is actively managed.

Global government bonds hedged to £

Cheapest

  • Amundi Prime Global Government Bond ETF (PRHG) TCO 0.09% (OCF 0.07%, Transaction 0.02%)

Next best

  • Abrdn Global Government Bond Tracker Fund B (GB00BK80KQ76) TCO 0.13% (OCF 0.13%, Transaction 0%)
  • iShares Broad Global Government Bond ETF (IGBS) TCO 0.13% (OCF 0.13%, Transaction 0%)
  • Amundi Index JP Morgan GBI Global Govies ETF (GOVG) TCO 0.16% (OCF 0.15%, Transaction 0.01%)
  • iShares Overseas Government Bond Index Fund D (GB00BN091P94) TCO 0.18% (OCF 0.13%, Transaction 0.05%)

Gold

Cheapest

  • Amundi Physical Gold ETC (GLDA) TCO 0.12% (OCF 0.12%, Transaction 0%)
  • Invesco Physical Gold A ETC (SGLP) TCO 0.12% (OCF 0.12%, Transaction 0%)
  • WisdomTree Core Physical Gold ETC (GLDW) TCO 0.12% (OCF 0.12%, Transaction 0%)
  • Xtrackers IE Physical Gold ETC (XGDU) TCO 0.12% (OCF 0.12%, Transaction 0%)
  • iShares Physical Gold ETC (SGLN) TCO 0.12% (OCF 0.12%, Transaction 0%)

Gold trackers are Exchange Traded Commodities (ETCs). These are functionally index trackers like ETFs, only they’re focused on commodities investing.

Broad commodities

Cheapest

  • Xtrackers Bloomberg Commodity Swap ETF (XCMC) TCO 0.19% (OCF 0.19%, Transaction 0%)

Next best

  • iShares Diversified Commodity Swap ETF (COMM) TCO 0.29% (OCF 0.19%, Transaction 0.1%)
  • WisdomTree Broad Commodities ETF (COMX) TCO 0.29% (OCF 0.29%, Transaction 0%)
  • UBS CMCI Composite SF ETF (UC15) TCO 0.34% (OCF 0.34%, Transaction 0%)
  • Invesco Bloomberg Commodity ETF (CMOP) TCO 0.34% (OCF 0.19%, Transaction 0.15%)
  • L&G Longer Dated All Commodities ETF (CMFP) TCO 0.73% (OCF 0.3%, Transaction 0.43%)

We’ve written a much more nuanced take on choosing a commodities ETF. Sometimes cheapest isn’t best.

Using our cheapest index funds UK list

You can precisely identify the low-cost index funds you want to research via the ISIN codes or ETF tickers shown in our list in brackets. (We’ve previously explained how fund names work.)

We’ve given the code for the GBP-priced accumulation fund flavour where available. Income distributing versions are also usually offered. Make sure you understand the ins and outs of accumulation vs income funds.

Also note:

  • We’ve included an Environmental, Social, and Governance (ESG) index tracker option for each sub asset-class where available.
  • Actively-managed funds are featured when low-cost index funds are not available. Active funds are noted in the relevant sections.
  • We don’t show platform-exclusive index trackers. They’re generally not a good deal overall.

Cheap index trackers and costs – extra detail

The bid-offer spread is an additional cost you may incur that isn’t captured by the TCO figures quoted above.

This charge shouldn’t be significant for most passive investors anyway1 but you can gauge it by using the estimated spread published by Hargreaves Lansdown on its fund pages.

The final significant investing cost you’ll need to pay are broker fees. We track those on our broker comparison table.

Watch out for FX fees charged by brokers on certain funds. This is a stealth cost that you can avoid.

Some providers of synthetic ETFs publish a ‘swap fee’ on top of the TER. Just add the swap fee to the TER to get the Ongoing Charge Figure. This is how we’ve treated swap fees in the listing above.

It’s worth knowing that a fund’s transaction costs can fluctuate quite a lot from period to period, especially if there’s excessive turnover in the fund’s index. So don’t feel like you need to instantly switch if your fund’s transaction costs suddenly spike. Keep your fund and its main rivals under review for up to a year before coming to any definitive conclusion about its competitiveness.

Some index trackers register negative transaction costs, but I’ve disregarded that from the TCO calculations above. That’s because negative transaction costs amount to an accounting technique that’s not sustainable over time.

Low-cost index funds UK – fees you can ignore

Don’t pay any attention to a fund’s Annual Management Charge (AMC). The AMC is an old-fashioned fee metric that excludes important fund costs. This is why a fund’s AMC is typically lower than its OCF or TER.

Do not add the AMC to the OCF or TER.

The OCF and TER are interchangeable, however, so choose one of those costs (the highest) and add it to the fund’s transaction cost to calculate its TCO.

Treat negative transaction costs as zero.

Ignore entry and exit charges for index trackers where you see them mentioned in fund literature such as Key Investor Information Documents. Such fees do not apply to ordinary investors like you and me. They are levied on institutional participants dealing directly with the fund provider.

The same thing goes if you see an eye-watering minimum purchase figure (such as £100,000) to buy into a fund.

Be guided by your broker’s minimum purchase amount.

Final thoughts on low-cost index funds and ETFs

There’s often little to distinguish index trackers that are closely matched in price. However we’ve written a few pieces to help you resolve tie-breaker situations:

If you’re looking for the cheapest place to buy and hold your low-cost index funds then also take a gander at our broker comparison table.

Our article on designing your own asset allocation will help you to construct your portfolio. If you want a shortcut, you could do a lot worse than check out our best multi-asset fund picks for an instant portfolio solution.

We periodically update this list of low-cost funds. Quoted TCOs may date as fund groups fight their turf wars by undercutting each other (hurrah!) but this article should still be an excellent starting point for your research.

If anyone comes across any better index tracker options then please let us know in the comments below.

Take it steady,

The Accumulator

Note: early comments below may refer to an older collection of low-cost index trackers. Scroll down for the latest thoughts.

  1. Wide spreads are more typically an issue with individual company shares. []
{ 1013 comments… add one }
  • 999 syrio August 26, 2025, 10:57 pm

    @Index Lyxor Smart Overnight Return ETF uses swaps and derivatives to deliver the index return. The equities you see are collateral from the counterparties.

  • 1000 Index August 27, 2025, 1:26 pm

    @J
    Thanks, that is a wonderfully comprehensive answer.
    I still struggle as a layman to assess what is the relative risk of investing in Lyxor Smart Overnight Return ETF vs a traditional money market fund such as Royal London Short Term Money Market Fund.
    Although the Lyxor Smart Overnight Return ETF has considerable total assets so I guess a lot of people are comfortable investing in it, plus it has a long track record.

  • 1001 Curlew August 27, 2025, 4:24 pm

    @TA
    Minor point: The OCF of Vanguard Global Equity Income Fund is 0.48% (not 0.49%).

  • 1002 Ting August 28, 2025, 5:02 am

    It is surprising to see how few Vanguard funds there are on the list these days! I wonder what the future holds for them.

    I’m not sure if this is a reasonable request or not, but could the recent or average tracking accuracy be listed for each fund in addition to the OFC and transaction cost? If a particular fund has very low fees but relatively poor tracking accuracy then that might make it less desirable.

    Also a follow up question about tracking accuracy in general. In recent years most of the growth in All-World equity funds has been from the magnificent 7. I am sure each All-World fund will contain these and so perhaps every All-World fund has roughly the same tracking accuracy over that time period. I assume that tracking accuracy would vary more during a period of mid cap over performance as the number of underlying holdings can vary significantly from fund to fund and so inevitably some funds won’t be holding the ‘winners’ while others will be over exposed. For this reason I continue to hold Vanguard funds as although they’ve been overtaken in fee minimisation recently they still seem to have a much higher number of underlying holdings in their funds than alternative funds which I assume will mean better tracking accuracy during a potential period of mid cap over performance. Does anyone know if my logic is correct? Are any funds old enough for this to be backed up by data?

    Thanks

  • 1003 The Accumulator August 28, 2025, 11:18 am

    @Index – you can find some links to regulator info on money market funds that may help. See the Money Market fund classification system part of the article:
    https://monevator.com/money-market-funds/

    @Curlew – Much obliged. Updated.

  • 1004 The Accumulator August 28, 2025, 3:44 pm

    @Ting – yes, Vanguard’s low cost USP has essentially been eroded away. Still, they don’t seem that concerned now they are one of the biggest beasts in the jungle.

    You can check tracking difference for ETFs quite quickly using justETF’s ETF Screener. Or more laboriously for funds and ETFs using Trustnet’s charting tool.

    It would take me a very long time to do it myself and I might end up stabbing myself in the eyeballs to make it stop 😉

    Re: All World trackers – I guess my first question is how much difference do the mid cap holdings make? e.g. What’s the largest historical performance gap between large cap and mid cap – what difference did that make to All World?

    How much difference does it make when averaged across all years? If mid cap over-performance makes a material difference then is that largely nullified by mid cap underperformance?

    What are the actual differences between the main indices? Are they worth worrying about? Are they persistent? Could they be explained by another factor like country exclusions? Or differences in large cap allocations.

    The oldest All World ETFs were launched in 2011 and 2012. (Notwithstanding the RAFI All World ETF launched at the end of 2007.)

    Rack up VWRL, IMID, ACWI and SSAC and compare in detail on justETF. The performance differential is negligible on an annualised difference in my view, though VWRL edges it. IMID has by far the most holdings.

  • 1005 marc1485153 August 30, 2025, 11:03 am

    My wife and I have approximately £1.5 million invested in VWRL/P in tax sheltered accounts. Also another 700k in general accounts which would incur capital gains tax if sold.

    Would it be a good move to sell all the tax sheltered holdings and switch to the Amundi ETF? I think VWRL is the only global ETF that includes emerging markets, and I don’t want the effort of rebalancing, or maybe I don’t need emerging markets at all ?

    I’ve been following a buy and hold VWRL strategy at 90 – 100% equities since the Monevator Lars article.

  • 1006 Todd August 30, 2025, 11:21 am

    Hi All

    Just an update on my portfolio to see if there’s any better funds I could utilise. Still in the Middle East using a GIA (IBKR) with the following funds. I noticed this article has an updated list. I’m not looking for advice on allocation % but on whether there’s cheaper alternatives. Think VWRP is 0.22 whereas I see the Amundi Prime is 0.07%. Thanks!

    VWRP @ 85%
    VAGS @ 15%

  • 1007 The Accumulator August 30, 2025, 11:34 am

    @marc1485153 – All of the trackers in this section of the article include emerging markets: Global equity – developed world and emerging markets (All-World).

    You can compare VWRL and PACW on justETF. Essentially you’re relying on cost savings with PACW to beat any possible advantage VWRL may have in index composition or management efficiency. (Note, I’m not saying that VRWL possesses these advantages. This is just how I think through potential switches when a large cost differential opens up between comparable trackers.)

    Comparing the two ETFs side-by-side, and Amundi products versus Vanguard more generally are possible routes that could guide you towards a decision you’re comfortable with?

    The raw fee saving based on OCF looks significant to my eyes, but it’s not the only factor I think about.

  • 1008 PDBD August 30, 2025, 6:41 pm

    Very timely information. I’ve recently moved to Interactive Investor and now horrified to learn of their charges for USD transactions. This obviously has a big impact on choice of funds, particularly as I’m about to go into drawdown. My hunt for suitable funds continues!

  • 1009 Imran Sheikh August 31, 2025, 7:51 pm

    Dear All

    I cant find most of these emerging markets on invest engine

    I have found iShares MSCI EM UCITS ETF (Acc) – ticker SEMA.
    Has 0.18% ocf
    Is this a viable alternative please ?
    Link below
    Thank you 🙂

    https://www.justetf.com/uk/etf-profile.html?isin=IE00B4L5YC18#overview

  • 1010 Barney August 31, 2025, 9:56 pm

    Imran,
    It looks viable (I hold the similar iShares Core MSCI EM IMI ETF (EMIM or EIMI, depending on the currency), which has the same OCF, though based on more companies – about 3,200, rather than 832 for SEMA.
    Note that MSCI count South Korea as ’emerging’, whereas FTSE indices count it as ‘developed’. If you want to construct an all-world holding from developed and emerging indices, you may want to be sure you’re not including Korea twice (or not at all).

  • 1011 Imran Sheikh September 1, 2025, 9:00 am

    Good morning ! Thanks Barney, I currently am waiting for transfer from vanguard to IE. IE looks great

    Recently I decided after some reading to go for 20% iShares MSCI EM UCITS ETF, with majority 60% in in SPDR ACWI ETF and 20% in the Avantis small cap value.
    So I think South Korea is going to be double counted ( it works out as a total of 2.9% of my anticipated portfolio) as an emerging market! Not sure what other options are as the ACWI has really nice low 0.12% fee. I think the for eg vanguard Global all cap vuag had higher fee of 0.23%
    Best wishes
    Imran

  • 1012 Rod September 1, 2025, 5:14 pm

    Hi Accumulator – great list thanks. SPDR MSCI ACWI Climate Paris Aligned UCITS ETF Acc (SAPA) might be 0.23% total cost, according to https://www.ajbell.co.uk/market-research/sub/LSE:SAPALN/costs , rather than 0.22%.

    And an alternative to SAPA is HSBC MSCI World Climate Paris Aligned UCITS ETF (HPAO), 0.01% cheaper, though I think its index is slightly narrower – world developed.

  • 1013 The Accumulator September 2, 2025, 6:27 pm

    Thanks Rod. Transaction costs tend to bounce around over time, they’re often not as stable as OCFs. In this case, I think AJ Bell is showing you their estimated transaction fee of 0.03% as opposed to the current transaction fee of 0.02% they report elsewhere:
    https://marketdata.youinvest.co.uk/1c6qh1t6k9/etfreport/default.aspx?1=1&tab=5&SecurityToken=0P0001OWO3%5D22%5D0%5DETEXG%24XLON&Id=0P0001OWO3&ClientFund=0&CurrencyId=GBP

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