Each month, we check in on the performance of the largest Europe-domiciled stock, bond, and active exchange-traded funds.
The Morningstar Europe Index rose 1.34% during August, while the Morningstar Eurozone Core Bond Index gained 0.41%. Over the past year, the European stock market is up 16.27%, while the European bond market has risen 3.80%.
The Morningstar US Market Index fell 0.06% during August and is up 21.99% over the past year. The Morningstar US Core Bond Index fell 0.87% last month and is up 3.37% over the past year.
In the global markets, stocks gained 0.08% during August, as measured by the Morningstar Global Markets Index. Bonds fell 0.01%, as measured by the Morningstar Global Core Bond Index. Over the past year, global stocks are up 18.84% and global bonds are are up 2.73%.
Largest Europe-Domiciled Stock ETF Performance
Out of the 10 largest Europe-domiciled stock ETFs, the top performer last month was the £12.1 billion iShares Core FTSE 100 UCITS ETF, which gained 0.85%. The bottom performer was the £16.7 billion iShares Core MSCI EM IMI UCITS ETF, which lost 0.65%.
Here’s more about the performance of the largest Europe-domiciled stock ETFs.
iShares VII PLC - iShares Core S&P 500 UCITS ETF
• Morningstar Medalist Rating: Gold
• Morningstar Category: US Large-Cap Blend Equity
The iShares Core S&P 500 UCITS ETF gained 0.08% in August, outperforming the average fund in the US large-cap blend equity category, which fell 0.04%. The £72.4 billion fund has gained 22.24% over the past 12 months, while the average fund in its category is up 19.92%. The iShares fund, which launched in May 2010, has climbed 10.76% over the past three years and gained 13.83% over the past five years.
iShares Core MSCI World UCITS ETF
• Morningstar Medalist Rating: Silver
• Morningstar Category: Global Large-Cap Blend Equity
In August, the iShares Core MSCI World UCITS ETF rose 0.31%, while the average global large-cap blend equity fund gained 0.33%. The fund placed in the 49th percentile for performance. The £63.1 billion fund has climbed 20.04% over the past 12 months, outperforming the average fund in its category, which rose 15.74%. The iShares fund, which launched in September 2009, has climbed 8.65% over the past three years and gained 11.48% over the past five years.
Vanguard S&P 500 UCITS ETF
• Morningstar Medalist Rating: Gold
• Morningstar Category: US Large-Cap Blend Equity
The £43 billion Vanguard S&P 500 UCITS ETF rose 0.08% in August. The gain on the fund beat the 0.04% loss on the average fund in the US large-cap blend equity category, leaving it in the 40th percentile for performance. Over the past 12 months, the Vanguard fund rose 22.24%, while the average fund in its category rose 19.92%. The fund, which launched in May 2012, has climbed 10.76% over the past three years and gained 13.83% over the past five years.
Invesco S&P 500 UCITS ETF
• Morningstar Medalist Rating: Silver
• Morningstar Category: US Large-Cap Blend Equity
The £22.6 billion Invesco S&P 500 UCITS ETF rose 0.10% in August. The gain on the fund beat the 0.04% loss on the average fund in the US large-cap blend equity category, leaving it in the 37th percentile for performance. Over the past 12 months, the Invesco fund rose 22.48%, while the average fund in its category rose 19.92%. The fund, which launched in May 2010, has climbed 10.99% over the past three years and gained 14.08% over the past five years.
Vanguard FTSE All-World UCITS ETF
• Morningstar Medalist Rating: Silver
• Morningstar Category: Global Large-Cap Blend Equity
The Vanguard FTSE All-World UCITS ETF gained 0.21% in August, underperforming the average fund in the global large-cap blend equity category, which rose 0.33%. The £22.3 billion fund has gained 18.84% over the past 12 months, while the average fund in its category is up 15.74%. The Vanguard fund, which launched in May 2012, has climbed 7.41% over the past three years and gained 10.41% over the past five years.
Largest Europe-Domiciled Bond ETF Performance
Out of the 10 largest Europe-domiciled bond ETFs, the top performer last month was the £6.1 billion iShares € High Yield Corp Bond UCITS ETF, which gained 0.96%. The bottom performer was the £14.4 billion iShares $ Treasury Bond 0-1yr UCITS ETF, which lost 1.76%.
Here’s more about the performance of the largest Europe-domiciled bond ETFs.
iShares $ Treasury Bond 0-1yr UCITS ETF
• Morningstar Medalist Rating: Bronze
• Morningstar Category: USD Ultra Short-Term Bond
The iShares $ Treasury Bond 0-1yr UCITS ETF lost 1.76% in August, performing roughly in line with the average fund in the USD ultra short-term bond category, which fell 1.78%. The £14.4 billion fund has gained 1.73% over the past 12 months, while the average fund in its category is up 1.93%. The iShares fund, which launched in February 2019, has climbed 4.76% over the past three years and gained 0.66% over the past five years.
iShares Core € Corp Bond UCITS ETF
• Morningstar Medalist Rating: Bronze
• Morningstar Category: EUR Corporate Bond
The iShares Core € Corp Bond UCITS ETF gained 0.27% in August, underperforming the average fund in the EUR corporate bond category, which rose 0.31%. The £13.3 billion fund has gained 5.36% over the past 12 months, while the average fund in its category is up 5.53%. The iShares fund, which launched in March 2009, has dropped 2.61% over the past three years and lost 2.33% over the past five years.
iShares $ Treasury Bond 1-3yr UCITS ETF
• Morningstar Medalist Rating: Gold
• Morningstar Category: USD Government Bond - Short Term
The £8.6 billion iShares $ Treasury Bond 1-3yr UCITS ETF fell 1.37% in August. The loss on the fund was roughly in line with the 1.37% loss on the average fund in the USD government bond - short term category, leaving it in the 25th percentile for performance. Over the past 12 months, the iShares fund rose 2.10%, while the average fund in its category rose 2.02%. The fund, which launched in June 2006, has climbed 2.52% over the past three years and lost 0.25% over the past five years.
iShares Core Global Aggregate Bond UCITS ETF
• Morningstar Medalist Rating: Bronze
• Morningstar Category: Global Bond
The £8.2 billion iShares Core Global Aggregate Bond UCITS ETF rose 0.04% in August. The gain on the fund was shy of the 0.10% gain on the average fund in the global bond category, leaving it in the 56th percentile for performance. Over the past 12 months, the iShares fund rose 2.96%, while the average fund in its category rose 2.89%. The fund, which launched in November 2017, has dropped 2.75% over the past three years and lost 2.95% over the past five years.
iShares $ Corp Bond UCITS ETF
• Morningstar Medalist Rating: Bronze
• Morningstar Category: USD Corporate Bond
In August, the iShares $ Corp Bond UCITS ETF fell 0.65%, while the average USD corporate bond fund lost 0.57%. The fund placed in the 49th percentile for performance. The £8.2 billion fund has climbed 5.44% over the past 12 months, outperforming the average fund in its category, which rose 4.73%. The iShares fund, which launched in March 2003, has dropped 1.48% over the past three years and lost 1.26% over the past five years.
Largest Europe-Domiciled Active ETF Performance
While passive ETFs have portfolios where holdings are designed to track the performance of an index, active ETFs are managed by portfolio managers who make the decisions about which investments to own. Like index-tracking ETFs, active ETFs trade on an exchange and are typically lower-cost than traditional actively managed mutual funds.
Out of the 10 largest Europe-domiciled active ETFs, the top performer last month was the £1.5 billion JPMorgan ETFs (Ireland) ICAV - Europe Research Enhanced Index Equity (ESG) UCITS ETF, which gained 1.20%. The bottom performer was the £1.6 billion PIMCO ETFs PLC - US Dollar Short Maturity UCITS ETF, which lost 1.83%.
Here’s more about the performance of the largest Europe-domiciled active ETFs.
JPMorgan ETFs (Ireland) ICAV - US Research Enhanced Index Equity (ESG) UCITS ETF
• Morningstar Medalist Rating: None
• Morningstar Category: US Large-Cap Blend Equity
The JPMorgan US Research Enhanced Index Equity (ESG) UCITS ETF gained 0.14% in August, outperforming the average fund in the US large-cap blend equity category, which fell 0.04%. The fund placed in the 33rd percentile for performance and beat its benchmark, the S&P 500 Index, by 0.07 percentage points.
The £7.7 billion fund has gained 23.08% over the past 12 months, while the average fund in its category is up 19.92%. The JPMorgan fund, which launched in October 2018, has climbed 11.49% over the past three years and gained 14.95% over the past five years.
JPMorgan ETFs (Ireland) ICAV - Global Research Enhanced Index Equity (ESG) UCITS ETF
• Morningstar Medalist Rating: Silver
• Morningstar Category: Global Large-Cap Blend Equity
The £5.2 billion JPMorgan Global Research Enhanced Index Equity (ESG) UCITS ETF rose 0.33% in August. The gain on the fund was roughly in line with the 0.33% gain on the average fund in the global large-cap blend equity category, leaving it in the 48th percentile for performance. The fund performed roughly in line with its benchmark, the MSCI World Index.
Over the past 12 months, the JPMorgan fund rose 20.83%, while the average fund in its category rose 15.74%. The fund, which launched in October 2018, has climbed 9.82% over the past three years and gained 12.68% over the past five years.
PIMCO ETFs PLC - Euro Short Maturity UCITS ETF
• Morningstar Medalist Rating: Bronze
• Morningstar Category: EUR Ultra Short-Term Bond
In August, the PIMCO Euro Short Maturity UCITS ETF rose 0.32%, while the average EUR ultra short-term bond fund gained 0.30%. The fund placed in the 33rd percentile for performance and beat its benchmark, the Euro Short-Term Rate Index, by 0.03 percentage points.
The £1.7 billion fund has climbed 3.09% over the past 12 months, outperforming the average fund in its category, which rose 2.49%. The PIMCO fund, which launched in January 2011, has climbed 0.84% over the past three years and lost 0.69% over the past five years.
PIMCO ETFs PLC - US Dollar Short Maturity UCITS ETF
• Morningstar Medalist Rating: Gold
• Morningstar Category: USD Ultra Short-Term Bond
The PIMCO US Dollar Short Maturity UCITS ETF lost 1.83% in August, performing roughly in line with the average fund in the USD ultra short-term bond category, which fell 1.78%. The fund placed in the 85th percentile for performance and performed roughly in line with its benchmark, the FTSE Treasury Bill 3 Month Index.
The £1.6 billion fund has gained 2.20% over the past 12 months, while the average fund in its category is up 1.93%. The PIMCO fund, which launched in February 2011, has climbed 4.43% over the past three years and gained 0.63% over the past five years.
JPMorgan ETFs (Ireland) ICAV - Europe Research Enhanced Index Equity (ESG) UCITS ETF
• Morningstar Medalist Rating: Silver
• Morningstar Category: Europe Large-Cap Blend Equity
The JPMorgan Europe Research Enhanced Index Equity (ESG) UCITS ETF gained 1.20% in August, underperforming the average fund in the Europe large-cap blend equity category, which rose 1.36%. The fund placed in the 69th percentile for performance and lagged its benchmark, the MSCI Europe Index, by 0.38 percentage points.
The £1.5 billion fund has gained 15.68% over the past 12 months, while the average fund in its category is up 13.22%. The JPMorgan fund, which launched in October 2018, has climbed 7.17% over the past three years and gained 8.61% over the past five years.
This article was generated with the help of automation and reviewed by Morningstar editors.
