The Best Of Mutual Funds is a series that presents some of the main mutual funds marketed in the world, grouped by categories (see information note at the end of the article).
To facilitate the analysis and selection of the investor, in each of these articles we group mutual funds by types or categories, registration countries and currency denomination.
This series complements the series of articles on the selection of mutual funds with ongoing publication.
In the Tools folder, a summary form containing a summary description of the main characteristics of the main funds of each category is also presented.
Mutual funds covered in this article: Vanguard S&P 500 UCITS ETF; iShares Core S&P 500 UCITS ETF (Acc); SPDR® S&P® 500 UCITS ETF (Dist); Fidelity® 500 Index Fund P-ACC EUR; AMUNDI S&P 500 UCITS ETF – EUR (C); Lyxor S&P 500 UCITS ETF – Dist (EUR); Invesco S&P 500 UCITS ETF; Xtrackers S&P 500 Swap UCITS ETF 1C
These are the largest mutual funds in terms of assets under management accessible by investors outside the US, attracting more capital and investors, as the US market is the world’s largest capital market.
Considering the importance of this market, these funds should be part of the stock investment portfolio of any individual investor.
Fund: Vanguard S&P 500 UCITS ETF
Ticker: SPTR500N
ISIN: IE00B3XXRP09
Assets under Management (AuM): $37Bn
TER: 0.07%
Benchmark: S&P 500 Index
Currency: EUR
Domicile: Ireland
Registered countries: Several
Stock Exchanges: London Stock Exchange; SIX Swiss Exchange; Euronext NYSE; Deutsche Börse; Borsa Italiana S.p.A.
Link: https://global.vanguard.com/portal/site/loadPDF?country=fr&docId=31845
Morningstar Rating: *****
Fund: iShares Core S&P 500 UCITS ETF (Acc)
Ticker: CSPX LN
ISIN: IE00B5BMR087
Assets under Management (AuM): $55Bn
TER: 0.07%
Benchmark: S&P 500 Index
Currency: USD
Domicile: Ireland
Registered countries: Austria, Chile, Czech Republic, Denmark, Finland, France, Germany, Ireland, Israel, Italy, Liechtenstein, Luxembourg, Mexico, Netherlands, Norway, Peru, Portugal, Singapore, Slovak Republic, South Africa, Spain, Sweden, Switzerland, United Arab Emirates, United Kingdom
Link: https://www.ishares.com/uk/individual/en/products/253743/ishares-sp-500-b-ucits-etf-acc-fund
Morningstar Rating: ******
Fund: SPDR® S&P® 500 UCITS ETF (Dist)
Ticker: SPX5
ISIN: IE00B6YX5C33
Assets under Management (AuM): $7Bn
TER: 0.09%
Benchmark: S&P 500 Index
Currency: USD
Domicile: Ireland
Registered countries: United Kingdom, Switzerland, Sweden, Spain, Norway, Netherlands, Luxembourg, Italy, Ireland, Germany, France, Finland, Denmark, Austria
Stock Exchanges: Deutsche Börse, London Stock Exchange, Borsa Italiana, SIX Swiss Exchange, Euronext Paris
Link: https://www.ssga.com/library-content/products/factsheets/etfs/emea/factsheet-emea-en_gb-spy5-gy.pdf
Morningstar Rating: ****
Fund: Fidelity® 500 Index Fund P-ACC EUR
Ticker: SPTR500N
ISIN: IE00BYX5MX67
Assets under Management (AuM): $187Mn
TER: 0.06%
Benchmark: S&P 500 Index
Currency: EUR
Domicile: Ireland
Registered countries: Austria, Czech Republic, Germany, Denmark, Spain, Finland, France, United Kingdom, Hungary, Ireland, Iceland, Italy, Luxembourg, Netherlands, Norway, Poland, Sweden, Slovakia
Link: https://www.fidelity.lu/funds/factsheet/IE00BYX5MX67
Morningstar Rating: *****
Fund: AMUNDI S&P 500 UCITS ETF – EUR (C)
Ticker: 500 FP
ISIN: LU1681048804
Assets under Management (AuM): $7Bn
TER: 0.15%
Benchmark: S&P 500 Index
Currency: EUR
Domicile: Ireland
Registered countries: Portugal, Austria, Ireland, Switzerland, United Kingdom, Sweden, Netherlands, Finland, France, Germany, Luxembourg, Spain, Italy
Stock Exchanges: SIX Swiss Exchange, Borsa Italiana, Nyse Euronext Paris, Deutsche Börse
Link: https://www.amundietf.fr/professional/product/view/LU1681048804
Morningstar Rating: *****
Fund: Lyxor S&P 500 UCITS ETF – Dist (EUR)
Ticker: LYPS GY
ISIN: LU0496786574
Assets under Management (AuM): $9Bn
TER: 0.09%
Benchmark: S&P 500 Index
Currency: EUR
Domicile: Luxembourg
Registered countries: Several but only for institutional investors (eligible counterparties or professional clients under MIFID)
Link: https://www.justetf.com/en/etf-profile.html?isin=LU0496786574#overview
Morningstar Rating: *****
Fund: Invesco S&P 500 UCITS ETF
Ticker: SPXP
ISIN: IE00B3YCGJ38
Assets under Management (AuM): $12Bn
TER: 0.05%
Benchmark: S&P 500 Index
Currency: USD
Domicile: Ireland
Registered countries: UK, Ireland, Switzerland
Link: https://www.justetf.com/en/etf-profile.html?isin=IE00B3YCGJ38#overview
Morningstar Rating: *****
Fund: Xtrackers S&P 500 Swap UCITS ETF 1C
Ticker: XSPX
ISIN: LU0490618542
Assets under Management (AuM): $7Bn
TER: 0.15%
Benchmark: S&P 500 Index
Currency: USD
Domicile: Luxembourg
Registered countries: Several
Stock Exchanges: London Stock Exchange, SIX Swiss Exchange, Xetra, Italian Stock Exchange
Link: https://www.justetf.com/en/etf-profile.html?isin=LU0490618542
Morningstar Rating: *****
The following are links to all the mutual funds mentioned:
https://global.vanguard.com/portal/site/loadPDF?country=fr&docId=31845
https://www.ishares.com/uk/individual/en/products/253743/ishares-sp-500-b-ucits-etf-acc-fund
https://www.ssga.com/library-content/products/factsheets/etfs/emea/factsheet-emea-en_gb-spy5-gy.pdf
https://www.fidelity.lu/funds/factsheet/IE00BYX5MX67
https://www.amundietf.fr/professional/product/view/LU1681048804
https://www.justetf.com/en/etf-profile.html?isin=LU0496786574#overview
https://www.justetf.com/en/etf-profile.html?isin=IE00B3YCGJ38#overview
https://www.justetf.com/en/etf-profile.html?isin=LU0490618542
Informational/explanatory note:
In this series we will present many of the best mutual funds available in the various geographies for the individual investor, by each category and in a structured way.
There are tens if not even hundreds of thousands of mutual funds available worldwide.
It would be unthinkable to analyze even the vast majority of them. That is why it is necessary to establish criteria to focus the analysis.
The criteria we have taken up are as follows:
The various funds are classified by several multiple categories in terms of their investment object:
In this sense, at the limit we could have up to about 56 categories (=4x7x2), but we will only cover the most important ones.
We also want to address other important factors such as the availability of mutual funds to the individual investor of the various countries of the world (domicile or origin of the investor) and the currency of denomination.
As we have seen in another article, the investment in stocks must be made in the investments currency (i.e. the securities that constitute its object or destination), while the investment in bonds must be made in the investor’s currency (from the treasury of the funds or from the origin).
We will start with stocks in the two largest geographies, world and USA, and addressing for each the two models of management, passive and active.
Next we will move on to bonds, to 3 geographies, world, USA and Eurozone, also covering the 2 management models.
Then we’ll move on to the following.
For each case, we will consider the availability of funds in the investor’s home or treasury market, seeking to meet the American and European markets (giving note of access by other countries whenever possible).
For each fund, we present its main practical characteristics, in order to allow easy identification, knowledge and investment, namely the designation, the value of assets under management, the country of domicile, and a link to the most detailed information.
The ticker or stock symbol is an abbreviation used to uniquely identify the publicly traded shares of a particular company on a given stock market.
The ISIN or International Securities Identification Number is a 12-digit alphanumeric code that identifies a specific title.
CUSIP is a unique identifier representing the Committee on Uniform Securities Identification Procedures and is used to identify securities registered in the U.S. and Canada.
The expense ratio is the rate of management fees associated with the administration of investment funds.
There are other costs associated with investing in funds, such as trading fees, legal fees, audit fees, and other operating expenses (e.g. deposit and custody of securities).
The sum of all fees associated with investment in funds is called a total expense ratio and, as we have seen in other articles, it is very important in the analysis and selection of funds.
