FWRA
AccInvesco FTSE All-World UCITS ETF (Accumulating)
0.15%
TER per year
Issuer
Invesco
Index
FTSE All-World
AUM
~€3B
Domicile
Ireland
Currency
USD
Replication
physical
ISIN
IE00B60SX394
Since
2023
Etfora Verdict
The budget alternative to VWCE. Same index, lower cost. The trade-off is smaller fund size and less liquidity. For most investors the 0.07% difference is meaningful over decades. A legitimate choice if you prioritise cost.
What Is FWRA?
FWRA tracks the same FTSE All-World index as VWCE but at a lower cost (0.15% vs 0.22%). Launched in 2023 by Invesco, it is a newer and smaller fund. For investors prioritising cost, FWRA offers the same global diversification as VWCE with a 7 basis point saving.
The FTSE All-World Index
The FTSE All-World index is the same index tracked by VWCE — approximately 3,700 stocks across 49 countries covering 98% of the investable global market.
US equivalent blocked in Europe
VT (Vanguard Total World Stock ETF)
Same total-world exposure as VWCE at a 32% lower TER. For European investors locked out of VT by PRIIPs, FWRA is the cheapest single-fund global portfolio option.
Why it works for European investors
- Lowest TER for a total-world ETF at 0.15%
- Same FTSE All-World index as VWCE
- Ireland domicile for tax treaty benefits
- Accumulating for tax efficiency
- Physical replication
Things to know
- Much smaller fund (€3B vs VWCE's €25B) — slightly wider bid-ask spreads
- Newer fund (2023) with shorter track record
- The 0.07% TER saving compounds to meaningful amounts over 20+ years
- Less available on some brokers compared to VWCE — check your broker first
- Tracking difference may vary more in early years as the fund grows
Available On
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Find the right broker for FWRA
Check which brokers offer FWRA in your country and at what cost.
Data based on publicly available information. TER and AUM figures are approximate. Verify current fund data at the issuer's website before investing.