Overweight UK global fund that is cheaper than VLS100

aroominyork

I am looking for, but cannot find, a global index fund/ETF that is overweight UK but is cheaper than Vanguard LS100 at 0.22%. Does anyone know of one?

ChilliBob

Might be cheaper to get fund at 0.13 or lower, e.g. Hsbc ftse all world, or a Dev only, like fidelity p... Then get a UK tracker, blend to taste  

aroominyork

I am about 50/50 active/passive with Fidelity World for most of the passive. VLS100 gives me a bit more UK plus emerging markets. If I switch to HSBC All World and add some UK All Share, I end up with more EM than I want (because I like most of my EM in active funds). 60/40 Fidelity/VLS100 gives me a good balance, but I just want a cheaper alternative for the VLS100.

Alexland

I'd agree if the account valuation is high enough that 0.22% starts becoming expensive then go for a cheap global tracker (All World or 90% Developed / 10% Emerging Markets) with a dedicated home fund. FTSE100 or All Share trackers are super cheap however it's a market well suited to going for the FTSE250 or with an active manager perhaps using a conservatively leveraged investment trust with a quality portfolio, income smoothing and perhaps even a modest discount.

aroominyork

Alexland said:

I'd agree if the account valuation is high enough that 0.22% starts becoming expensive then go for a cheap global tracker (All World or 90% Developed / 10% Emerging Markets) with a dedicated home fund. FTSE100 or All Share trackers are super cheap however it's a market well suited to going for the FTSE250 or with an active manager perhaps using a conservatively leveraged investment trust with a quality portfolio, income smoothing and perhaps even a modest discount.

That way I have to own three index funds to get the extra EM and UK. I'd really like to keep it to two!  PS I own an active UK smaller companies fund so just want a little bog standard FTSE100.

Stargunner

If you want a cheap ftse 100 tracker you could go with HSBC FTSE 100 UCITS ETF (HUKX). Ongoing charge is 0.07% or ishares 100 UK Equity Index Fund. Ongoing charge is 0.06%

aroominyork

So what I'm looking for is a cheaper way to get something close to the equivalent of 60% Fidelity Index World (cap weighted developed world) + 40% VLS100 (overweight UK) which together, by region, is:

UK 11%

Europe 14%

N America 61%

Japan 7%

Emerging markets 3%

Asia Pacific 4%.

Spreadsheets out. On your marks, get set...

adindas

Stargunner said:

If you want a cheap ftse 100 tracker you could go with HSBC FTSE 100 UCITS ETF (HUKX). Ongoing charge is 0.07% or ishares 100 UK Equity Index Fund. Ongoing charge is 0.06%

Same with Vanguard, if you already have account on VaguardInvestor Platform.

Vanguard FTSE 100 Index Unit Trust - Acc   OCF 0.06%

aroominyork

Thanks Stargunner and adindas, but I'm not looking for UK fund. I'm looking for a global fund which is overweight UK to give me the overall portfolio I want (or something close to it).

Stargunner

aroominyork said:

Thanks Stargunner and adindas, but I'm not looking for UK fund. I'm looking for a global fund which is overweight UK to give me the overall portfolio I want (or something close to it).

aroominyork if you don't want  a UK fund why did you previously say
"I own an active UK smaller companies fund so just want a little bog standard FTSE100"

VLS100 is not expensive and if that is what you want and you are not prepared to have more than 2 funds I would suggest that you just go with it.

Linton

aroominyork said:

I am looking for, but cannot find, a global index fund/ETF that is overweight UK but is cheaper than Vanguard LS100 at 0.22%. Does anyone know of one?

1) I dont see how a global index fund can be overweight UK.  Surely by definition the standard weighting for the UK is that given by your chosen global index.

2) Why do you want a cheaper index fund?  What is important is that the fund follows the index.  If it does that its charges are irrelevent.