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Investing12 providers Updated Jun 2026

Best UCITS ETFs UK 2026

Quick answer - our pick

Vanguard FTSE All-World (VWRP / VWRL)

Best for: A one-fund global core for a buy-and-hold ISA or SIPP

For the typical UK investor who wants to buy one fund and get on with their life, Vanguard FTSE All-World (VWRP if you want dividends reinvested, VWRL if you want them paid out) is the cleanest answer: one fund, roughly 3,600 companies across developed and emerging markets, an OCF of 0.19%, and Irish domicile so US dividends are taxed at 15% rather than 30%. It is not the very cheapest line on the page - SPDR's ACWI IMI undercuts it at 0.17% and adds small-cap, and the developed-world-only Vanguard fund is cheaper still at 0.12% - but VWRP's combination of size, liquidity and genuine one-fund completeness is why it has become the UK default. If you want every last basis point and do not mind a less familiar brand, the SPDR ACWI IMI is the cost winner among the broad global options.

Visit Vanguard FTSE All-World (VWRP / VWRL) See full comparison
A UCITS ETF is an exchange-traded fund built to the European UCITS standard, which is the type almost every UK investor buys inside an ISA, SIPP or general account. Most are domiciled in Ireland, and that detail matters: an Irish-domiciled fund pays 15% US withholding tax on US dividends under the US-Ireland treaty rather than the 30% a US-listed ETF would suffer, so the Irish wrapper quietly hands UK investors a structural edge on American holdings. The one number you fully control on this page is cost. The ongoing charges figure (OCF, the same thing the factsheets often call the TER) is deducted from the fund every single day, and over a 30-year working life a fee gap that looks trivial compounds into a meaningful slice of your pot. The cheapest broad global tracker usually beats the clever, expensive option, because nobody can reliably predict markets but everybody pays the fee. This page exists to make that cost transparent, so a small investor is not quietly drained by a higher OCF or by complexity (currency hedging, smart-beta dividend screens, single-country bets) they were never told they did not need. We list the major UCITS ETFs UK investors actually hold, grouped by what they do: global all-world, developed world, S&P 500, Nasdaq-100, FTSE 100, emerging markets, global bonds and high-dividend. Every OCF below was checked against the fund's live data before publishing. For where to hold these funds, see our [investment platforms](/compare/investment-platforms) and [Stocks and Shares ISA](/compare/stocks-shares-isa) comparisons.

Full comparison

Provider TypeOCFAcc / Dist Best for
Vanguard FTSE All-World (VWRP / VWRL)Global all-world0.19%Acc (VWRP) / Dist (VWRL)A one-fund global core for a buy-and-hold ISA or SIPP
SPDR MSCI ACWI IMI (IMID / SPYI)Global all-world0.17%Acc (IMID) / Dist (SPYI)Investors who want maximum coverage (including small-cap) in one cheap fund
iShares Core MSCI World (SWDA / IWDA)Developed world0.20%Acc (SWDA and IWDA)A developed-world core, optionally paired with an emerging-markets fund
Vanguard FTSE Developed World (VHVG / VEVE)Developed world0.12%Acc (VHVG) / Dist (VEVE)Cost-focused investors who want a developed-world core for less than MSCI World
Vanguard S&P 500 (VUAA / VUSA)S&P 5000.07%Acc (VUAA) / Dist (VUSA)Investors who specifically want cheap US large-cap exposure as a satellite holding
iShares Core S&P 500 (CSPX / CSP1)S&P 5000.07%Acc (CSPX)Investors wanting the most liquid cheap S&P 500 tracker
Invesco EQQQ Nasdaq-100 (EQQQ / EQAC)Nasdaq-1000.30%Dist (EQQQ) / Acc (EQAC)Investors deliberately taking a high-conviction US tech tilt with money they can afford to lose
iShares Core FTSE 100 (ISF)FTSE 1000.07%Dist (ISF)Investors wanting a cheap UK income tilt alongside a global core
Vanguard FTSE 100 (VUKE / VUKG)FTSE 1000.09%Dist (VUKE) / Acc (VUKG)Vanguard loyalists wanting a UK large-cap tilt with an accumulating option
iShares Core MSCI EM IMI (EMIM)Emerging markets0.18%Acc (EMIM)Investors building a custom global portfolio who want to set their own emerging-markets weight
Vanguard Global Aggregate Bond GBP Hedged (VAGS / VAGP)Global bonds0.08%Acc (VAGS) / Dist (VAGP)Investors adding a diversifying, lower-volatility bond sleeve to an equity portfolio
Vanguard FTSE All-World High Dividend Yield (VHYL / VHYG)Global dividend0.29%Dist (VHYL) / Acc (VHYG)Income-focused investors who specifically want a global dividend tilt

Provider details

Vanguard FTSE All-World (VWRP / VWRL)

A one-fund global core for a buy-and-hold ISA or SIPP

TypeGlobal all-world
OCF0.19%
Index trackedFTSE All-World
Acc / DistAcc (VWRP) / Dist (VWRL)
DomicileIreland

Pros

  • One fund covering roughly 3,600 large and mid-cap companies across developed and emerging markets
  • The default one-fund portfolio for UK investors who want to buy once and ignore it for decades
  • Acc (VWRP) and Dist (VWRL) share classes track the same index, so you pick reinvest or income

Cons

  • No small-cap exposure (the index is large and mid-cap only)
  • Not the absolute cheapest all-world option now that rivals undercut it
  • Around 60% US weighting follows the market, which some readers find concentrated
justETF profile (OCF verified) Visit Vanguard FTSE All-World (VWRP / VWRL)

SPDR MSCI ACWI IMI (IMID / SPYI)

Investors who want maximum coverage (including small-cap) in one cheap fund

TypeGlobal all-world
OCF0.17%
Index trackedMSCI ACWI IMI
Acc / DistAcc (IMID) / Dist (SPYI)
DomicileIreland

Pros

  • The IMI index adds small-cap, so it covers more of the global market than FTSE All-World or MSCI World
  • Cheaper OCF than Vanguard FTSE All-World for broader coverage
  • A genuine single-fund whole-of-market option

Cons

  • Smaller and less heavily traded than the Vanguard and iShares giants, so spreads can be a touch wider
  • Brand is less familiar to UK retail investors than Vanguard or iShares
  • Uses optimised sampling rather than full replication
justETF profile (OCF verified) Visit SPDR MSCI ACWI IMI (IMID / SPYI)

iShares Core MSCI World (SWDA / IWDA)

A developed-world core, optionally paired with an emerging-markets fund

TypeDeveloped world
OCF0.20%
Index trackedMSCI World
Acc / DistAcc (SWDA and IWDA)
DomicileIreland

Pros

  • Huge, liquid and long-established developed-markets core
  • SWDA (GBP line) and IWDA (USD line) are the same accumulating fund, so pick whichever your platform lists
  • The standard pairing partner for an emerging-markets fund if you want full-world control

Cons

  • Developed markets only, so no emerging-markets exposure on its own
  • Slightly higher OCF than the Vanguard developed-world equivalent
  • No small-cap
justETF profile (OCF verified) Visit iShares Core MSCI World (SWDA / IWDA)

Vanguard FTSE Developed World (VHVG / VEVE)

Cost-focused investors who want a developed-world core for less than MSCI World

TypeDeveloped world
OCF0.12%
Index trackedFTSE Developed
Acc / DistAcc (VHVG) / Dist (VEVE)
DomicileIreland

Pros

  • Among the cheapest mainstream developed-world trackers at a 0.12% OCF
  • Almost identical exposure to iShares Core MSCI World for a lower fee
  • Acc (VHVG) and Dist (VEVE) share classes available

Cons

  • Developed markets only, no emerging-markets exposure
  • Smaller than the iShares MSCI World behemoth
  • No small-cap
justETF profile (OCF verified) Visit Vanguard FTSE Developed World (VHVG / VEVE)

Vanguard S&P 500 (VUAA / VUSA)

Investors who specifically want cheap US large-cap exposure as a satellite holding

TypeS&P 500
OCF0.07%
Index trackedS&P 500
Acc / DistAcc (VUAA) / Dist (VUSA)
DomicileIreland

Pros

  • Rock-bottom 0.07% OCF for the 500 largest US companies
  • Full physical replication, so it holds the actual shares
  • Acc (VUAA) and Dist (VUSA) share classes on the same index

Cons

  • Single-country bet on the US, not a diversified global fund
  • No exposure to the UK, Europe, Japan or emerging markets
  • Concentration risk if US mega-cap tech falls out of favour
justETF profile (OCF verified) Visit Vanguard S&P 500 (VUAA / VUSA)

iShares Core S&P 500 (CSPX / CSP1)

Investors wanting the most liquid cheap S&P 500 tracker

TypeS&P 500
OCF0.07%
Index trackedS&P 500
Acc / DistAcc (CSPX)
DomicileIreland

Pros

  • One of the largest and most liquid S&P 500 UCITS ETFs, tight spreads
  • Same 0.07% OCF as the Vanguard equivalent
  • Full physical replication

Cons

  • US large-cap only, same single-country concentration as any S&P 500 fund
  • Accumulating only on the CSPX line (the distributing sibling trades under a different ticker)
  • Not a substitute for a diversified global core
justETF profile (OCF verified) Visit iShares Core S&P 500 (CSPX / CSP1)

Invesco EQQQ Nasdaq-100 (EQQQ / EQAC)

Investors deliberately taking a high-conviction US tech tilt with money they can afford to lose

TypeNasdaq-100
OCF0.30%
Index trackedNasdaq-100
Acc / DistDist (EQQQ) / Acc (EQAC)
DomicileIreland

Pros

  • Cheap access to the 100 largest non-financial Nasdaq companies
  • Distributing (EQQQ) and accumulating (EQAC) versions available
  • Full physical replication of the index

Cons

  • Highly concentrated in a handful of US mega-cap technology names
  • Much higher OCF than a broad tracker, and a far narrower, riskier basket
  • Not diversification; it is a sector tilt dressed as an index
justETF profile (OCF verified) Visit Invesco EQQQ Nasdaq-100 (EQQQ / EQAC)

iShares Core FTSE 100 (ISF)

Investors wanting a cheap UK income tilt alongside a global core

TypeFTSE 100
OCF0.07%
Index trackedFTSE 100
Acc / DistDist (ISF)
DomicileIreland

Pros

  • One of the cheapest and largest FTSE 100 trackers, with very tight spreads
  • Pure UK large-cap exposure with a healthy dividend yield
  • Full physical replication

Cons

  • Only 100 UK companies, heavy in banks, miners, oil and tobacco
  • No global diversification and limited UK mid or small-cap
  • Distributing only, so dividends arrive as cash to reinvest
justETF profile (OCF verified) Visit iShares Core FTSE 100 (ISF)

Vanguard FTSE 100 (VUKE / VUKG)

Vanguard loyalists wanting a UK large-cap tilt with an accumulating option

TypeFTSE 100
OCF0.09%
Index trackedFTSE 100
Acc / DistDist (VUKE) / Acc (VUKG)
DomicileIreland

Pros

  • Vanguard-branded FTSE 100 tracker with both income (VUKE) and accumulating (VUKG) lines
  • Full physical replication of all 100 constituents
  • Useful for readers who prefer to keep everything under the Vanguard roof

Cons

  • Marginally pricier than the iShares ISF equivalent
  • Same concentrated UK large-cap basket and sector skew
  • No global diversification on its own
justETF profile (OCF verified) Visit Vanguard FTSE 100 (VUKE / VUKG)

iShares Core MSCI EM IMI (EMIM)

Investors building a custom global portfolio who want to set their own emerging-markets weight

TypeEmerging markets
OCF0.18%
Index trackedMSCI EM IMI
Acc / DistAcc (EMIM)
DomicileIreland

Pros

  • Broad emerging-markets exposure including small-cap via the IMI index
  • The standard partner fund to a developed-world tracker for full-world coverage
  • Large, liquid and cheap for the asset class

Cons

  • Emerging markets carry higher political, currency and governance risk
  • Only needed if you want to control your emerging-markets weighting separately
  • More volatile than a developed-world or global fund
justETF profile (OCF verified) Visit iShares Core MSCI EM IMI (EMIM)

Vanguard Global Aggregate Bond GBP Hedged (VAGS / VAGP)

Investors adding a diversifying, lower-volatility bond sleeve to an equity portfolio

TypeGlobal bonds
OCF0.08%
Index trackedBloomberg Global Aggregate (GBP Hedged)
Acc / DistAcc (VAGS) / Dist (VAGP)
DomicileIreland

Pros

  • One cheap fund covering thousands of global government and corporate bonds
  • Hedged to sterling, which removes currency swings from the bond portion of a portfolio
  • Acc (VAGS) and Dist (VAGP) share classes for growth or income

Cons

  • Bonds can and do fall in value, as 2022 reminded everyone
  • The currency hedge adds a small implicit cost and only suits the bond sleeve, not equities
  • Younger investors with a long horizon may not need a bond allocation yet
justETF profile (OCF verified) Visit Vanguard Global Aggregate Bond GBP Hedged (VAGS / VAGP)

Vanguard FTSE All-World High Dividend Yield (VHYL / VHYG)

Income-focused investors who specifically want a global dividend tilt

TypeGlobal dividend
OCF0.29%
Index trackedFTSE All-World High Dividend Yield
Acc / DistDist (VHYL) / Acc (VHYG)
DomicileIreland

Pros

  • Global spread of higher-yielding shares in a single fund
  • Distributing (VHYL) suits investors who want a rising income stream
  • Diversified across regions, unlike a single-country income fund

Cons

  • Higher OCF than a plain global tracker for a narrower, screened basket
  • A dividend screen can tilt you toward older, slower-growth sectors
  • Chasing yield is rarely the right call for an investor still building wealth
justETF profile (OCF verified) Visit Vanguard FTSE All-World High Dividend Yield (VHYL / VHYG)

Honourable mentions

SPDR MSCI ACWI IMI (IMID / SPYI)

Runner-up

Best for: Investors who want maximum coverage (including small-cap) in one cheap fund

The cost winner among the broad global funds at 0.17%, and the only one here that includes small-cap, so it covers more of the world than FTSE All-World or MSCI World. Smaller and less familiar than the Vanguard giant, but on cost and coverage it is hard to fault.

Visit SPDR MSCI ACWI IMI (IMID / SPYI)

Vanguard FTSE Developed World (VHVG / VEVE)

Runner-up

Best for: Cost-focused investors who want a developed-world core for less than MSCI World

At 0.12% this is among the cheapest mainstream developed-world trackers. Pair it with the iShares emerging-markets fund (EMIM) if you want full-world coverage while controlling your own emerging-markets weighting, and you get a complete portfolio for a blended cost below most single all-world funds.

Visit Vanguard FTSE Developed World (VHVG / VEVE)

Vanguard S&P 500 (VUAA / VUSA)

Runner-up

Best for: Investors who specifically want cheap US large-cap exposure as a satellite holding

At 0.07% the Vanguard and iShares S&P 500 trackers are the cheapest funds on the page, but a single-country US bet is a satellite holding, not a core. Cheap is not the same as diversified; know which job the fund is doing in your portfolio.

Visit Vanguard S&P 500 (VUAA / VUSA)

How we picked

Every OCF/TER was verified fund by fund against live fund data (justETF profile pages, cross-checked against the issuer factsheets at vanguard.co.uk, ishares.com, invesco.com and ssga.com) in June 2026, not quoted from memory. Where a fund cannot have its current OCF verified, it is left off the list rather than shipped with a guessed number. We group funds by the job they do for a portfolio and rank within each group on cost first, because cost is the variable that compounds and the variable you control. Index, domicile, replication method and accumulating-versus-distributing status are recorded so you can see exactly what you are buying. This is a factual cost comparison and general information, not personal advice, and an OCF is only one input - tracking difference, spread and the index itself all matter too. The value of any ETF can go down as well as up and you may get back less than you invest; tax treatment depends on your circumstances and the rules can change. Quarterly refresh - next review scheduled September 2026.

Background

What is a UCITS ETF?

UCITS stands for Undertakings for Collective Investment in Transferable Securities, a European regulatory standard that sets diversification, liquidity and disclosure rules a fund must meet to be sold to retail investors across the EU and UK. In plain terms, a UCITS ETF is a regulated, diversified, transparently-priced fund that trades on an exchange like a share. For a UK investor, almost every ETF you can buy inside an ISA, SIPP or general investment account is a UCITS ETF. You generally cannot buy a US-listed ETF (such as Vanguard's VOO or VTI) through a UK platform, because those funds do not produce the Key Information Document that UK rules require. The UCITS versions - VWRP, SWDA, CSPX and the rest of this page - are the UK-available equivalents, and for tax reasons they are usually the better choice anyway. Our what is a UCITS ETF explainer covers the regulatory detail.

Why Irish domicile matters for US withholding tax

Look down the domicile column and you will see almost every fund is domiciled in Ireland. That is not an accident. The United States levies a withholding tax on dividends paid to foreign funds. Because Ireland has a tax treaty with the US, an Irish-domiciled fund pays 15% withholding on its US dividends rather than the 30% that applies without a treaty. For a fund that is heavily weighted to the US - which a global tracker is, at roughly 60% - that 15-point saving on the US dividend stream is a small but real and permanent tailwind, paid for you automatically inside the fund. It is one of the quiet reasons the Irish UCITS version of a fund typically beats trying to hold a US-listed ETF directly, on top of the fact that UK platforms will not let you buy the US-listed version anyway. Luxembourg-domiciled funds get the same 15% treaty rate; the ones to be wary of for US-heavy holdings are funds domiciled somewhere without a US treaty.

Accumulating vs distributing: which share class to pick

Most of these funds come in two share classes tracking the identical index. An accumulating fund (often an 'Acc' or, in tickers, a trailing letter like the P in VWRP) reinvests dividends inside the fund automatically, so the share price absorbs the income and you hold one growing number. A distributing fund ('Dist', or VWRL) pays the dividends out to you as cash, usually quarterly, which you then choose to spend or reinvest. Inside an ISA or SIPP the choice is mostly about convenience: accumulating is the set-and-forget option because you never have to manually reinvest, while distributing suits anyone who wants a visible income stream (for example a retiree drawing the dividends). In a taxable general investment account the distinction matters more, because UK dividend tax can apply to the income from an accumulating fund even though you never saw the cash - the so-called 'notional distribution' - so keep good records or, better, hold these funds inside an ISA where the question disappears entirely. For most people building wealth, accumulating inside an ISA is the simplest answer. The accumulation vs income ETFs piece goes deeper, and VWRP vs VWRL works through the choice on the most popular all-world fund.

How to read the OCF (and why it is the number that compounds)

The ongoing charges figure (OCF) is the annual cost of running the fund, expressed as a percentage and deducted a little every day from the fund's value. You never see a bill; the fee is simply baked into the price. The OCF is broadly the same thing older factsheets call the TER (total expense ratio). Why it matters so much: the fee is one of the only certainties in investing. Returns are unknowable, but the OCF is charged every single year, in good markets and bad, on every pound you hold. On a £50,000 holding, the gap between a 0.07% S&P 500 tracker and a 0.30% Nasdaq fund is the difference between £35 and £150 a year - and that difference compounds, because every pound paid in fees is a pound that never grows again. Over decades, paying 0.45% all-in instead of 0.20% can quietly cost a mid-sized portfolio a five-figure sum. The compound interest calculator lets you size the fee drag on your own numbers. The OCF is not the whole cost story - tracking difference (how closely the fund follows its index after costs) and the bid-offer spread when you trade also matter - but for a buy-and-hold investor the OCF is the dominant, controllable lever. Our guide to reading an ETF factsheet shows where to find each of these numbers.

How to choose between these funds

Start with the job, then pick the cheapest fund that does it well. 1. **One-fund core.** If you want simplicity, a single global all-world fund (Vanguard FTSE All-World, or the cheaper SPDR ACWI IMI) is a complete portfolio on its own. This is the right answer for most people. 2. **Two-fund control.** If you want to set your own emerging-markets weighting, pair a developed-world fund (Vanguard FTSE Developed World at 0.12%) with an emerging-markets fund (iShares EMIM at 0.18%) and blend them yourself. 3. **Satellite tilts.** S&P 500, Nasdaq-100 and FTSE 100 funds are single-country or single-region bets. They can sit alongside a global core as a small deliberate tilt, but they are not diversified portfolios in their own right. Cheap does not mean safe. 4. **Bonds and income.** A global bond fund (hedged to sterling) dampens volatility for those closer to needing the money; a high-dividend fund suits investors who specifically want income. Neither is essential for a young investor with a long horizon. The through-line: the broad, cheap, boring global tracker beats the clever expensive bet for the overwhelming majority of investors, because you keep the fee saving for certain and nobody can promise the clever bet will pay off. The one global tracker piece makes the full case, and our low-cost index funds guide lists the specific tickers. If you want a single satellite US fund, the best S&P 500 ETF UK comparison drills into VUAA, CSPX and the rest.

Frequently asked questions

What is the best UCITS ETF for a UK beginner?
For most UK beginners, a single global all-world UCITS ETF is the cleanest starting point: Vanguard FTSE All-World (VWRP for accumulating, VWRL for income) gives you roughly 3,600 companies across developed and emerging markets in one fund at a 0.19% OCF. The SPDR MSCI ACWI IMI is a slightly cheaper alternative at 0.17% that also includes small-cap. Hold it inside a Stocks and Shares ISA and you can largely ignore it for decades. This is general information, not personal advice.
What is the cheapest global UCITS ETF?
Among the broad global funds on this page, the SPDR MSCI ACWI IMI is the cheapest at 0.17%, undercutting Vanguard FTSE All-World at 0.19%. If you are happy with developed markets only, the Vanguard FTSE Developed World fund is cheaper still at 0.12%. The cheapest funds overall are the S&P 500 trackers at 0.07%, but those are a single-country US bet, not a diversified global fund, so the lowest OCF on the page is not automatically the right choice for a core holding.
Why are most UCITS ETFs domiciled in Ireland?
Ireland has a tax treaty with the United States that cuts the withholding tax on US dividends paid to the fund from 30% to 15%. Because a global tracker is heavily weighted to the US, that saving is a small permanent tailwind handed to investors automatically inside the fund. Ireland also has a well-established fund-administration industry. Luxembourg-domiciled funds get the same 15% treaty rate; the domiciles to be cautious about for US-heavy holdings are those without a US treaty.
Should I buy an accumulating or a distributing ETF?
Inside an ISA or SIPP it is mostly convenience: accumulating (for example VWRP) reinvests dividends automatically so you never have to act, while distributing (VWRL) pays cash you can spend or reinvest, which suits anyone wanting an income stream. In a taxable general investment account the distinction matters more, because dividend tax can apply to an accumulating fund's notional distributions even though no cash reaches you. For most people building wealth, accumulating inside an ISA is the simplest route.
What does OCF mean and is it the same as TER?
OCF stands for ongoing charges figure, the annual percentage cost of running the fund, deducted gradually from the fund value rather than billed to you. It is broadly the same number that older factsheets call the TER (total expense ratio). It is the single most important controllable cost in fund investing because it is charged every year regardless of performance. The OCF is not the only cost - tracking difference and the bid-offer spread also matter - but for a buy-and-hold investor it is the dominant lever.
Is the cheapest ETF always the best?
No. Cost is the variable you control and it compounds, so a lower OCF is a genuine and permanent advantage when comparing two funds that track the same index. But the cheapest fund on this page is an S&P 500 tracker at 0.07%, and that is a concentrated single-country US bet, not a diversified global portfolio. The right framing is: decide what job you want the fund to do, then pick the cheapest, most liquid fund that does that job. Cheap and narrow is not the same as cheap and broad.
Can I hold US-listed ETFs like VOO instead of UCITS versions?
In practice, no. UK platforms generally cannot offer US-listed ETFs such as VOO or VTI to retail investors because those funds do not produce the Key Information Document that UK and EU rules require. The UCITS versions (CSPX or VUAA for the S&P 500, VWRP for all-world) are the UK-available equivalents, and thanks to Irish domicile they are usually more tax-efficient for a UK investor anyway, so you are not missing out by being restricted to them.
Do I pay tax on UCITS ETFs in the UK?
It depends on the wrapper. Held inside a Stocks and Shares ISA or a SIPP, your UCITS ETF growth, dividends and capital gains are sheltered from UK tax. Held in a taxable general investment account, dividends above the annual dividend allowance and gains above the annual capital gains exempt amount can be taxable, and accumulating funds can generate a taxable notional distribution even without paying cash out. The simplest approach for most investors is to hold these funds inside an ISA. This is general information; check your own position or speak to a tax adviser.
How many UCITS ETFs do I actually need?
For most investors, one. A single global all-world fund such as VWRP or the SPDR ACWI IMI is a complete, diversified portfolio on its own. Some people prefer a two-fund setup (a developed-world fund plus an emerging-markets fund) to control their own regional weighting, and some add a global bond fund as they get closer to needing the money. Beyond that, extra funds usually add complexity and overlap rather than diversification. More funds is not more diversified if they all hold the same big companies.
Are UCITS ETFs covered by the FSCS?
The FSCS protects you if the platform or broker holding your ETF fails, generally up to £85,000, and your underlying assets should in any case be held separately from the platform. It does not protect you against the ETF falling in value: investment loss is a normal market risk, not a compensation event. As with any investment, the value of a UCITS ETF can go down as well as up and you may get back less than you put in.

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