Overview
UK equity market exposure through 80+ large and mid-cap companies. FTSE 100-dominated portfolio with significant healthcare, consumer staples, and energy exposure. High dividend yield from UK corporate distribution culture.
Top Holdings
| Ticker | Holding | Weight |
|---|---|---|
| AZN | AstraZeneca PLC | 10.8% |
| SHEL | Shell PLC | 9.4% |
| HSBA | HSBC Holdings | 7.8% |
| ULVR | Unilever PLC | 5.4% |
| BP | BP PLC | 4.8% |
| RIO | Rio Tinto PLC | 4.4% |
| GSK | GSK PLC | 4.2% |
| DGE | Diageo PLC | 3.8% |
| REL | Relx PLC | 3.4% |
| BA. | BAE Systems | 3.2% |
Fund Details
Investment Thesis
The UK equity market offers some of the most globally diversified large-cap companies of any national index — Shell, HSBC, Unilever, AstraZeneca, Rio Tinto, and BAE Systems all generate the majority of their revenues outside the UK. This international revenue exposure means EWU performance is driven as much by global economic conditions as by UK-specific factors. The post-Brexit discount in UK valuations relative to European peers has created a persistent valuation opportunity, and UK corporate governance standards continue to support strong dividend discipline.
Who It's For
Income investors seeking a high-dividend developed market allocation with global company exposure packaged in UK-listed equities. EWU suits those who believe the UK's persistent post-Brexit valuation discount to European peers is excessive and will normalize over time. The fund's heavy weighting in world-class global companies makes it a defensive developed market holding with meaningful pharmaceutical, energy, and mining sector representation.
10-Year History
| Year | Close | % Chg |
|---|---|---|
| 2016 | $28.42 | -- |
| 2017 | $34.18 | +20.3% |
| 2018 | $29.42 | -14.0% |
| 2019 | $34.82 | +18.4% |
| 2020 | $30.82 | -11.5% |
| 2021 | $36.18 | +17.4% |
| 2022 | $30.42 | -15.9% |
| 2023 | $34.82 | +14.5% |
| 2024 | $35.82 | +2.9% |
| 2025 | $41.82 | +16.7% |
| Year | Yield |
|---|---|
| 2016 | 3.28% |
| 2017 | 2.98% |
| 2018 | 3.42% |
| 2019 | 3.18% |
| 2020 | 3.82% |
| 2021 | 2.88% |
| 2022 | 3.68% |
| 2023 | 3.42% |
| 2024 | 3.52% |
| 2025 | 3.82% |
| Year | AUM | % Chg |
|---|---|---|
| 2016 | $4.2B | -- |
| 2017 | $5.2B | +23.8% |
| 2018 | $4.4B | -15.4% |
| 2019 | $4.8B | +9.1% |
| 2020 | $3.8B | -20.8% |
| 2021 | $4.4B | +15.8% |
| 2022 | $3.6B | -18.2% |
| 2023 | $4.2B | +16.7% |
| 2024 | $4.2B | 0.0% |
| 2025 | $3.8B | -9.5% |
Historical figures are ETFHub estimates modelled from asset-class return patterns and may differ from official fund records. Data as of August 2026.
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