If you’re looking for an investment you can rely on, looking at an investment ISA which involves tracking the FTSE Index can rarely steer you wrong. But with so many on the market, which one should you choose? We’ve broken down our top five picks of funds which follow the FTSE Index for your October 2020 investments.
What does “FTSE” fund mean?
A FTSE fund is a fund which invests in specific companies which are listed on the Financial Times Stock Exchange. It is widely regarded as a good gauge of companies which are performing well and therefore will gain good returns for investments.
There are lots of different types of ISAs which track the FTSE 100 Index (sometimes referred to as just the ‘Index’), including:
- ETF ISAs
- Fund Supermarket ISAs
- Index Tracker ISAs
Our Top Five Pick of FTSE Funds for October 2020
iShares FTSE 100 UCITS ETF Tracker Fund
This fund….
- Tracks the FTSE 100 Index
- Gives you access to the FTSE 100 index on the London Stock Exchange
- Allows you to invest from £50 per month
- Has a strong record of accuracy
- Offers a very low cost annual charge of 0.07% per annum.
Vanguard FTSE All-World UCITS ETF Tracker
This fund….
- Tracks the FTSE All World Index
- Replicates returns from the FTSE All World, an Index that focuses on developed and emerging markets globally
- Allows you to invest from £50 per month
- Uses passive management
- Is available by the Fidelity investment platform
Legal and General S&P Global 100 Index Tracker Fund
This fund….
- Tracks the S&P Global 100 Index
- Allows you to invest from £50 per month
- Boasts a low charge of 0.14% per annum
- Aims to provide growth by tracking the capital performance of this index]
- Tracks the top 100 shares
Legal and General FTSE Global Technology Index Tracker Fund
This fund….
- Tracks the FTSE World Technology Index
- Gives you access to Technological companies
- Allows you to invest from £25 per month
- Allows an alternative amount of investment of £100 lump sum
- Boasts a low ongoing charge of 0.32% per annum
Fidelity International Index World Tracker Fund
This fund….
- Tracks the MSCI World Index
- Allows you to invest from £50 per month
- Focuses on the Net Total Return of the MSCI World Index
- Aim to increase your investment over a period of five years
- Gives you access to companies such as Coca-Cola, Google, Disney and Microsoft.