This fund aims to closely track the performance of the FTSE 100 Index. More specifically, the fund is benchmarked against the FTSE Custom 100 Net Midday Index, the only difference being the timing of which the index is valued. The FTSE 100 Index measures the performance of shares of the largest 100 companies listed in the UK.
We like the tracker as it gives us exposure to the largest companies listed within the UK and it has tracked the benchmark well historically. It is also relatively cheap with an ongoing charge of 0.07% as of July 2016.