The Best Rated Global ETFs of 2024

The
Best
Global
Equity
ETFs
According
to
Morningstar

In
this
article,
we
have
identified
the
best
global
large-cap
blend
equity
ETFs
for
2024,
according
to
Morningstar
Medalist
Rating.
They
are
listed
by
assets
under
management.

Vanguard
FTSE
Developed
World

Vanguard
FTSE
Developed
World
is
the
largest
Gold-rated
fund
among
large-cap
bled
global
equity
ETFs.
It
offers
exposure
to
large-
and
mid-cap
companies
listed
in
developed
markets.
It
includes
over
2,100
stocks,
with
the
top
10
accounting
for
less
than
20%.
Over
the
past
nine
years,
it
has
outperformed
the
category
by
an
annualised
2.8
percentage
points
in
the
class
examined
in
this
article.
With
ongoing
charges
of
0.12%,
it
is
among
the
cheapest
instruments
in
the
category,
which
also
includes
active
funds.

Xtrackers
MSCI
AC
World
ESG
Screened

The
Xtrackers
MSCI
AC
World
ESG
Screened
ETF
is
characterised
by
its
focus
on
sustainability
criteria.
It
invests
in
large-
and
mid-cap
stocks
listed
on
international
markets
that
meet
certain
environmental,
social
and
governance
requirements
and
have
low
carbon
exposure.
The
fund,
which
is
rated
3
stars
from
Morningstar,
has
an
average
risk/return
profile.
 

JPM
Carbon
Transition
Global
Equity

The
ETF
replicates
an
index
that
complies
with
the
European
Climate
transition
benchmark
(CTB)
Directive.
Specifically,
it
aims
to
reduce
greenhouse
gas
(GHG)
emissions
intensity
by
at
least
30%
relative
to
the
benchmark
and
it
is
designed
to
meet
the
portfolio’s
decarbonisation
target
of
7%
year-on-year.
Companies
that
operate
in
critical
sectors
such
as
controversial
arms
production,
tobacco
and
thermal
coal,
or
that
violate
international
principles
such
as
the
UN
Global
Compact
are
excluded
from
the
basket.

SPDR®
MSCI
ACWI
IMI

Offering
exposure
not
only
to
developed
markets,
but
also
emerging
markets,
the
SPDR®
MSCI
ACWI
IMI
ETF
has
over
3,000
stocks
in
its
portfolio,
with
the
top
10
accounting
for
16.3%
of
the
total,
compared
to
a
category
average
of
54.6%.
The
ETF
has
had
above-category
returns
of
2.2%
annualised
over
the
past
10
years
and
has
a
4-star
rating,
dropping
to
3
stars
over
the
past
five
years.

UBS
Global
Gender
Equality

Amongst
the
ETFs
with
Medalist
Rating
Gold,
we
find
an
international
equity
fund
that
invest
in
stocks
with
the
highest
gender
diversity
scores,
taking
into
account
the
balance
between
the
number
of
men
and
women
in
the
workforce
and
in
leadership
positions,
equity
in
salaries
and
initiatives
to
promote
gender
equality.
Compared
to
other
international
equity
funds,
the
portfolio
has
fewer
stocks
(110
stocks)
and
is
overexposed
to
the
financial
and
utility
sectors
(as
of
December
31
2023).
The
ETF,
which
has
a
rating
of
three
stars
in
the
class
examined
in
this
article,
has
beaten
the
category
by
an
annualised
2.4
percentage
points
over
the
past
three
years,
but
has
higher
volatility,
as
measured
by
the
standard
deviation.

JPM
Global
Equity
Multi-Factor

For
those
seeking
exposure
to
global
markets
not
based
on
traditional
capitalisation
indices,
the
JPM
Global
Equity
Multi-Factor
ETF
may
be
a
quality
option,
based
on
its
Morningstar
Medalist
Rating
of
Gold.
The
fund
replicates
an
index
of
mid-
and
large-cap
stocks,
listed
on
developed
markets,
that
are
distinguished
from
the
reference
universe
by
certain
factor
characteristics,
such
as
value
style
(lower
prices
relative
to
fundamentals),
momentum
(the
tendency
for
equities
that
have
had
higher
returns
in
the
past
relative
to
their
volatility)
and
quality
(financially
stable
companies).
The
ETF,
which
has
a
Morningstar
rating
of
4
stars
overall
,
has
an
above-average
risk/return
profile
over
the
three-year
period.

Fidelity
Sustainable
Research
Enhanced
Global
Equity

Among
ETFs
with
Medalist
Rating
of
Gold,
the
Fidelity
Sustainable
Research
Enhanced
Global
Equity
is
the
smallest
in
terms
of
assets,
with
less
than
€41
million
assets
under
management
(as
of
February
9,
2024).
It
is
an
active
ETF
that
invest
at
least
70%
of
its
assets
in
securities
with
favourable
ESG
characteristics
with
regard
to
issues
such
as
carbon
intensity,
CO2
emissions,
energy
efficiency,
water
and
waste
management,
biodiversity,
product
safety,
supply
chains,
health,
safety
and
human
rights.
Over
the
past
year,
it
beat
the
category
average
by
4.7
percentage
points.

The
Medalist
Rating
of
the
Largest
Global
Equity
ETFs

Strong
capital
flows
and
stock
market
appreciation
have
caused
the
assets
of
global
equity
ETFs
to
grow,
with
some
seeing
their
size
explode.
The
three
largest
listed
ETFs
in
Europe
are

iShares
Core
Msci
World
(almost
€65
billion
in
assets)

Vanguard
FTSE
All-World
(EUR
21.2
billion)
and

Xtrackers
MSCI
World
(€12.7
billion.
All
figures
are
as
ofFebruary
9,
2024).
All
three
have
a
positive

Medalist
Rating
and
low
fees.

iShares
Core
Msci
World

Silver-rated
iShares
ETF,
which
has
exposure
to
about
85
per
cent
of
global
developed
market
capitalisation,
has
posted
above-category
average
risk-adjusted
returns
over
several
time
horizons
(3,5,
and
ten
years).
The
ETF
has
a
Morningstar
overall
rating
of

five-star.
Over
the
ten-year
period,
it
has
produced
a
3%
excess
return
over
the
average
of
its
peers
in
the
examined
share
class
(as
of
30
January
2024).

Vanguard
FTSE
All-World

Silver-rated
Vanguard’s
ETF
is
characterised
by
a
very
broad
portfolio,
with
more
than
3,700
securities
listed
on
developed
and
emerging
stock
exchanges.
Compared
to
other
competitors,
it
is
not
very
concentrated,
with
the
top
ten
holdings
weighing
less
than
20
per
cent
of
the
total
(54.6
per
cent
is
the
category
average).
The
sub-fund,
which
has
a
Morningstar
rating
of
four
stars,
has
outperformed
the
category
over
the
decade
by
an
annualised
2.2
points
(in
the
share
class
examined
in
this
article).

Xtrackers
MSCI
World

Finally,
Bronze-rated
Xtrackers
MSCI
World
replicates
the
same
index
as
the
iShares
ETF,
within
which
the
U.S.
accounts
for
65-70
per
cent
of
the
total,
and
over
the
past
nine
years
has
beaten
the
category
average
by
2.8
percentage
points
annualised
(as
of
30
January
2024),
with
a
good
risk-return
ratio
(4
stars
rating
in
the
class
examined).

Note
to
readers
on
methodology

The
selection
of
the
best
large-cap
blend
global
equity
ETFs
in
this
article
was
made
using
the
Medalist
Rating,
which
provides
investors
with
Morningstar’s
assessment
of
each
strategy’s
ability
to
outperform
its
category
index
net
of
fees.
The
rating
can
be
the
result
entirely
of
the
work
of
the
analyst
team,
or
a
quantitative
methodology
that
uses
algorithms
and
machine
learning
models
to
mimic
the
researchers’
decision-making
process
as
closely
as
possible.

It
is
also
possible
that
there
is
a
hybrid
situation
where
part
of
the
rating
is
based
on
analysts’
decisions
and
part
is
quantitative.
For
example,
it
may
happen
that
the
researchers
cover
the
corporate
pillar,
but
not
the
investment
process.
In
the
tables
above
you
can
see
what
percentage
of
the
Medalist
Rating
is
analyst-driven
and
the
degree
of
completeness
of
the
data
that
was
used
to
generate
the
overall
rating.

For
more
information,

click
here;
or
watch
the

following
video.

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