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Looking for FTSE100 tracker with low charges
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The all share index will be weighted by the size of the companies.
Vodafone, BP and HSBC are gigantic international companies that dominate the index and thats where thousands go, not to some piddling british engineering firm only making a million a year, they'll get a couple quid of your investmentfallen sharply the last 18 months and now represents good value.
The all share is almost the same as the ftse100 unfortunately, its a bit better but not by much.
I was checking a pacific fund last night for comparison, its got 26% in the top ten holdings instead of the ftse's 40% and its spread across five different countries and currencies instead of the ftse's one.
Also the sectors were more varied, 20% of ftse is gas/oil which might be nice in future but its not diverse0
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