Banks & finance worldwide
Banks, insurance companies and asset managers across wealthy countries: JPMorgan, Berkshire Hathaway, Bank of America, HSBC, Visa, Mastercard. Tends to do well when interest rates are rising (banks earn more on loans) and badly in recessions.
Returns shown in USD (your base currency). Past performance is not a reliable guide to future results.
- Benefits when interest rates rise: banks earn more
- Pays decent dividends from steady cash flows
- Diversifies away from tech-heavy core funds
- Falls hard in recessions: credit losses pile up
- Banking crises can wipe out 40%+ (2008)
- Heavy regulation limits growth versus tech
About this fund
Cyclical sector - sensitive to interest rates and credit cycles.
Available on Interactive Brokers
Low-cost access to Banks & finance worldwide and 10,000+ funds worldwide.
Frequently asked questions
Is WFIN.L accumulating or distributing?
SPDR MSCI World Financials UCITS ETF (WFIN.L) is an accumulating ETF, so its dividends are reinvested automatically inside the fund instead of paid out as cash. The value compounds in the share price, which keeps things simple since the dividends are reinvested for you instead of arriving as cash you would otherwise have to reinvest yourself.
What is the annual fee (TER) for WFIN.L?
WFIN.L has a total expense ratio (TER) of 0.30% per year. On a $10,000 holding that is roughly $30 a year, charged inside the fund rather than billed to you separately. A lower fee leaves more of the return compounding for you over time.
Can I buy WFIN.L on Interactive Brokers?
Yes. WFIN.L trades on LSE, USD and is available to investors worldwide through Interactive Brokers (IBKR). IBKR is the most popular way to buy UCITS ETFs because of its low FX conversion cost (around 0.03%) and low trading commissions.
What does WFIN.L invest in?
SPDR MSCI World Financials UCITS ETF (WFIN.L) tracks the MSCI World Financials. Banks, insurance companies and asset managers across wealthy countries: JPMorgan, Berkshire Hathaway, Bank of America, HSBC, Visa, Mastercard. You buy one fund and get the whole basket in a single trade.
Is WFIN.L a UCITS ETF, and where is it domiciled?
Yes, WFIN.L is a UCITS ETF domiciled in Ireland. For non-US investors, Irish-domiciled UCITS ETFs are usually preferred over US-domiciled ones: US dividend withholding tax is 15% under the tax treaty (versus 30% on US-domiciled funds for many non-US investors), and the holdings sit outside US estate tax.
How risky is WFIN.L?
On the TickerCompare 1 to 5 scale, WFIN.L is rated medium risk (3/5), based on how much its price has moved historically. Higher-risk funds can fall further in a downturn, so match the choice to your time horizon and how much volatility you can stomach.