All of the FTSE 100’s, and in turn UK’s, top 10 holdings trade in New York. That group, which combined for about 39% of the index’s weight at the end of March, includes familiar names such as HSBC (NYSE: HBC),BP (NYSE: BP) Royal Dutch Shell (NYSE: RDS-A) and GlaxoSmithKline (NYSE: GSK).
In 2014, U.K. firms once again offered excellent dividend growth. Payouts there surged 31% to $135 billion, according to Henderson Global Investors.
UK has an annual expense ratio of 0.45%, making the new ETF slightly less expensive than the iShares MSCI United Kingdom ETF’s (NYSEArca: EWU).
FTSE 100 Index Sector Weights
Chart Courtesy: Recon Capital