The SPDR FTSE UK All Share UCITS ETF (FTAL) provides investors with broad exposure to the UK equity market by tracking the performance of the FTSE All-Share Index.
SPDR FTSE UK All Share UCITS ETF Price & Chart
The index represents the performance of equities of all eligible companies listed on the London Stock Exchange's main market. It encompasses large-cap, mid-cap, and small-cap companies listed on the London Stock Exchange (LSE), offering an extensive representation of the UK's overall stock market.
Launched in February 2012, the ETF combines exposure to well-established blue-chip companies, high-growth mid-caps, and dynamic small-caps, making it a solid option for investors seeking a diversified approach to UK equities.
As of January 2025, the SPDR FTSE UK All Share UCITS ETF's total fund assets stood at £481.34 million, with the total number of holdings currently at 533.
FTAL ETF Historical Performance
| Year | Performance |
|---|---|
| 2025 YTD | |
| 2024 | +8.61% |
| 2023 | +7.92% |
| 2022 | +0.55% |
| 2021 | +17.18% |
| 2020 | -9.96% |
FTAL Top Holdings (as of Jan, 2025)
| Company | Weight |
|---|---|
| AstraZeneca | 6.64% |
| Shell | 6.40% |
| HSBC | 5.96% |
| Unilever | 4.78% |
| RELX | 2.86% |
| BP | 2.61% |
| British American Tobacco | 2.44% |
| London Stock Exchange Group | 2.39% |
| Diageo | 2.36% |
| GSK | 2.28% |
UK Stock Market Forecast
Bull Argument: According to analysts at ING, “the UK economy is poised to outpace most of Western Europe next year.” The banking and financial services firm, in a recent article, acknowledged the recent slowdown in economic data in the UK, with the latest GDP data disappointing. However, they said that neither the initial boost earlier in the year, or the more recent sluggishness, “is likely to have been as extreme as this year's monthly GDP data indicates.”
Meanwhile, Goldman Sachs said in a September article that “UK equities may present an opportunity.” Lindsay Matcham, who works in futures sales trading in Goldman Sachs Global Banking & Markets, said: “Valuations are low, dividend yields are good, and there is less concern around concentrations risk.” Matcham added that “at a time when we find ourselves near all-time highs in global indices, and with the FTSE 100 outperforming in the August sell-off, this makes the UK an attractive market.”
Bear Argument: Despite the positivity, there are still bearish factors to be aware of. For example, we have seen various companies leave or switch their primary listings away from the London Stock Exchange. Recently, equipment hire giant Ashtead announced plans to move its primary stock market listing to the US. A continued exodus will clearly impact the FTSE All-Share index.
Elsewhere, recent data following the UK budget suggests there has been a sharp slowdown, with various businesses warning about the headwinds they will now face. For example, Currys warned that “some price rises are also inevitable,” with the UK Government budget likely to add around £32 million of annual cost to its business. How the budget impacts the economy in 2025 will be a key factor to watch for UK focused investors.
Our View: Its inclusion of small-, mid-, and large-cap companies makes the SPDR FTSE UK All Share UCITS ETF suitable for those looking to capture the full spectrum of opportunities within the UK market. However, its performance is heavily influenced by domestic economic conditions and sector composition, which leans toward financials, energy, and consumer staples.
Overall, FTAL is a solid choice for investors who believe in the long-term growth and resilience of the UK economy.
Who Should Buy the SPDR FTSE UK All Share UCITS ETF?
Here are the factors that may influence whether you invest in the FTAL:
As mentioned above, UK equity bulls and those looking for broad exposure to the UK stock market in a single investment will find the ETF an attractive option.
In addition, income-focused investors will see it as a potential addition to their portfolios, while individuals with a longer-term investment timeframe who want to benefit from the stability and growth of established UK companies may also prefer the ETF.
However, the FTAL may not suit growth-focused investors. Those prioritising high-growth sectors such as technology might find limited opportunities in this ETF. The mix of large-cap, mid-cap, and small-cap companies listed on the London Stock Exchange's main market means you should probably have a medium risk tolerance.
