Small Cap Value

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. ‘IMI’ 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 aren’t 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 flagging…

I’ve 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 don’t appear to be any GBP share classes)

We’re not aware of any GBP LSE listed Small Cap Value weight ETFs that we can add to InvestEngine right now…But please let us know if you find anything. We’re 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 “Small Cap” “Russell 2000” on Invest Engine you might find one suitable for you. They have a few to choose from.

Thanks for investigating the ETFs, @tom.winterton ! You’re right, they’re not trading in GBP… I’ve just seen on justetf.com that the size of the funds was given in GBP and I didn’t 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 they’re 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 didn’t gather enough interest.

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Hi! I am a bit late to the thread…

Have a look at this US small cap ETF with a value tilt that is available in InvestEngine:

iShares S&P SmallCap 600 UCITS ETF USD (Dist) (GBP) | ISP6

For what I understand the S&P SmallCap 600 is the Russell 2000 minus illiquid and unprofitable companies.

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