What are the small cap value options on Invest Engine?
Hi Josh, you can find the small cap value options here: InvestEngine ETF range - Build Your Own ETF DIY Portfolio. You can search by small cap. āIMIā or Investable Market Index may also be used in the ETF title to indicate this.
Hi I can see small cap and value options. But nothing that is small cap value. Can you share the tickers? Thank you!
Hi Josh!
As far as I know there are only two small cap value ETFs available for UK investors:
- SPDR MSCI Europe Small Cap Value Weighted UCITS ETF (ISIN IE00BSPLC298, Ticker ZPRX),
- SPDR MSCI USA Small Cap Value Weighted UCITS ETF (ISIN IE00BSPLC413, Ticker USSC).
Unfortunately, they arenāt available on InvestEngine at the moment. However, they would be an excellent addition for the future since it seems that value small cap is the only place where one can still hope to get the small cap premium!
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Really interesting @FilippoG thanks for flaggingā¦
Iāve had a conversation with our Investment team and unfortunately neither of these trades in GBP
- SPDR MSCI Europe Small Cap Value Weighted is only trading in EUR
- SPDR MSCI USA Small Cap Value Weighted trades in EUR & USD
(There JustETF.com pages shows a GBP quote which is a little misleading as looking at the factsheets there donāt appear to be any GBP share classes)
Weāre not aware of any GBP LSE listed Small Cap Value weight ETFs that we can add to InvestEngine right nowā¦But please let us know if you find anything. Weāre continuing to look + ETF are launching all the time!
A good site to check https://justetf.com/uk/how-to/invest-in-size-factor-etfs.html
If you search for āSmall Capā āRussell 2000ā on Invest Engine you might find one suitable for you. They have a few to choose from.
Thanks for investigating the ETFs, @tom.winterton ! Youāre right, theyāre not trading in GBPā¦ Iāve just seen on justetf.com that the size of the funds was given in GBP and I didnāt check the actual trading currency of the funds.
@Josh if you want a bit a value tilt within a small cap ETF another possible option is to use the following ETFs (which are already available on InvestEngine):
- Wisdomtree Emerging Market Small Cap (ISIN IE00BQZJBM26, Ticker DGSE)
- Wisdomtree Europe Small Cap Dividend (ISIN IE00BDF16114, Ticker DFEP for the accumulation version or ISIN IE00BQZJC527, Ticker DFE for the distribution one)
They are tracking two WisdomTree dividend weighted small cap indices but if you look on morningstar.co.uk you can see that they actually have a quite big exposure to the value factor. However, please be aware that theyāre limited to Europe and Emerging Markets only and, more importantly, they have a rather small AUM (assets under management) (less than $50mln) despite being quite old ETFs. Indeed, their US counterpart has been redeemed a couple of years ago because it didnāt gather enough interest.
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