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DDonnie · Personal Finance Expertupdated Nov 10, 2026

FTSE Global All Cap index: what are you really buying?

Key takeaways
  • The FTSE Global All Cap index groups 10,221 shares of large, mid-sized and small companies from 48 countries, at 30 September 2026.[1][2]
  • The Vanguard FTSE Global All Cap Index Fund copies this index for 0.23% in fees a year, or £23 on £10,000.[1]
  • A FTSE Global All Cap fund copies the index: it earns roughly what the index earns. Among all the funds tracked by Donnie, the first one that does better is Purpose Global Resource Fund - Series F, with +35.4% a year over 7 years, against +12.2% for the FTSE Global All Cap.
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The FTSE Global All Cap index and the Vanguard fund that copies it, in figures.[1][2][5]
What you're looking forAnswer
Shares in the index10,221 (30 September 2026)
Countries covered48: 25 developed, 23 emerging
Company sizeslarge, mid-sized and small
Fund that copies itVanguard FTSE Global All Cap Index Fund
Fund fees a year0.23%
Price of one unit (accumulation)£280.77 (6 November 2026)
United States share of the index62.35%
1

What is the FTSE Global All Cap index? 10,221 shares

The FTSE Global All Cap index is a list of 10,221 shares from around the world, at 30 September 2026.[1] If you are still torn between several global funds, read our guide to choosing a global index fund first.

  • 48 countries: 25 developed countries and 23 emerging countries.[2]
  • Every size: large, mid-sized and small companies.[2]
  • About 98% of the value of the shares you can buy around the world, according to FTSE Russell.[2]
  • Example: out of £100 invested, about £62 goes to American companies, £6 to Japan and £3 to the United Kingdom.[1]
The word to know
All Cap : Every size of company, from the largest to the smallest. An all cap index adds the small companies that large-company indices leave out.
The word to know
Emerging countries : Countries whose economy and stock market are growing, without yet being at the level of developed countries. Example: Taiwan, China or India.
2

FTSE Global All Cap or MSCI World: 10,221 shares against 1,248

The FTSE Global All Cap holds 8 times more shares than the MSCI World: 10,221 against 1,248.[1][3]

  • The MSCI World keeps only the large and mid-sized companies of 23 developed countries.[3]
  • The FTSE Global All Cap adds emerging countries and small companies.[2]
  • The United States weighs less: 62.35% of the FTSE Global All Cap, against 72.77% of the MSCI World.[1][3]
  • Example: out of £10,000, about £6,235 goes to the United States with the FTSE Global All Cap, against about £7,277 with the MSCI World.
FTSE Global All CapMSCI WorldNumber of shares10,2211,248Emerging countriesyesnoSmall companiesyesnoUnited States share62.35%72.77%
TipThe FTSE Global All Cap figures date from 30 September 2026, the MSCI World figures from 30 October 2026. The number of shares in an index changes at every review.
3

Vanguard FTSE Global All Cap Index Fund: 0.23% in fees a year

The Vanguard FTSE Global All Cap Index Fund is an index fund: it copies the FTSE Global All Cap index instead of picking its shares.[1] Vanguard launched its accumulation share class in pounds (GBP Acc) on 8 November 2016.[1]

  • Fees: 0.23% a year.[1] Example: on £10,000, the fund takes £23 a year.
  • The fund holds 7,336 shares, not all 10,221 in the index.[1]
  • The fund follows the index closely: its 5-year tracking error is 0.15%.[1]
  • The biggest holdings: NVIDIA 4.50%, Apple 4.06%, Microsoft 3.21%.[1] Example: out of £10,000, about £450 goes into NVIDIA.
The word to know
Ongoing charges (OCF, Ongoing Charges Figure) : The percentage the fund takes from your money each year to run itself. Example: 0.23% on £10,000 comes to £23 a year.
The word to know
Tracking error : The difference, from one year to the next, between what the fund does and what its index does. The smaller the gap, the more faithfully the fund copies the index.
4

Accumulation or income share class: which to choose for the FTSE Global All Cap?

The accumulation share class (Acc) reinvests the dividends for you; the income share class (Inc, short for income) pays them out to you. A dividend is the share of profits that a company pays out to its shareholders.

  • The GBP Acc share class is the accumulation share class in pounds sterling (GBP), ISIN code GB00BD3RZ582.[1] The ISIN (International Securities Identification Number) is a fund's identity number.
  • Vanguard offers this fund in other share classes, according to its factsheet.[1]
  • Example: your fund receives £150 in dividends during the year. The accumulation share class buys more units with this £150, the income share class pays you the £150.
TipYou don't need these dividends to live on? The accumulation share class saves you from reinvesting them yourself.
5

FTSE Global All Cap fund price today: £280.77 a unit

One unit of the Vanguard FTSE Global All Cap Index Fund (accumulation) was worth £280.77 at the close on 6 November 2026.[1][5] This price is the fund's price, not the value of the index, which FTSE Russell calculates.

  • One-year high: £299.66 a unit.[1]
  • One-year low: £250.70 a unit.[1]
  • Example: with £1,000, you buy about 3.6 units (£1,000 ÷ £280.77 = 3.56 units).
Watch outThe price of a unit changes every trading day. Over one year, the gap between the highest and the lowest price is about £49 a unit (£299.66 minus £250.70). Example: 10 units are worth about £490 less at the lowest price than at the highest price.
6

FTSE Global All Cap in a Stocks & Shares ISA: up to £20,000 a year

An ISA (Individual Savings Account) lets you invest up to £20,000 per tax year tax-free.[4] The tax year runs from 6 April to 5 April.[4]

  • No tax on the income or on the capital gains from the investments in an ISA.[4] A capital gain is the profit when you sell for more than you paid.
  • Nothing to declare: ISA gains do not go on your tax return.[4]
  • Example: your £10,000 earns £800 in your ISA. You keep the £800, tax-free.
  • For the Vanguard fund, ask your platform or your broker whether it is accepted in your ISA.
7

The funds tracked by Donnie that beat the FTSE Global All Cap

Some funds tracked by Donnie have done better than the FTSE Global All Cap over 7 years. The Vanguard fund, for its part, copies the index: it earns roughly what the FTSE Global All Cap earns, minus its fees.

  • Purpose Global Resource Fund - Series F returned +35.4% a year over 7 years, against +12.2% for the FTSE Global All Cap.
  • Fidelity Select Semiconductors Portfolio returned +35.1% a year over the same period.
  • Columbia Seligman Technology and Information Fund Institutional Class returned +27.7% a year over the same period.
  • Example: your £10,000 invested 7 years ago would be worth £83,470 in Purpose Global Resource Fund - Series F, against £22,409 in the FTSE Global All Cap.

Before you put one of these funds in your ISA, ask your platform whether it is accepted.

Watch outA fund that has done well can do less well tomorrow. Look at its results over several years, and at its fees.
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Your questions

What are Vanguard's global funds?

Vanguard offers several global funds, including the FTSE Global All Cap Index Fund and the FTSE All-World (VWRP), an ETF (exchange-traded fund: a listed fund you buy like a share). Each one follows its own index: read the name of the index on the factsheet before you buy.[1][6]

Is the Vanguard Global All Cap Index Fund the same fund?

Yes, if its factsheet shows the FTSE Global All Cap index and the ISIN code GB00BD3RZ582: it is the fund in this guide, in its accumulation share class in pounds.[1]

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Sources

  1. FTSE Global All Cap Index Fund, GBP Acc share class · Vanguard · 30 September 2026
  2. FTSE Global Equity Index Series (FTSE GEIS), Product Highlights · FTSE Russell (LSEG) · 22 September 2025
  3. MSCI World Index (USD), index factsheet · MSCI · 30 October 2026
  4. How ISAs work · GOV.UK · accessed 9 November 2026
  5. Vanguard FTSE Global All Cp Idx £ Acc (0P00018XAR.L) · Yahoo Finance · accessed 9 November 2026
  6. Vanguard FTSE All-World UCITS ETF USD Accumulation (VWRP.L) · Yahoo Finance · accessed 9 November 2026
  7. MSCI World (^990100-USD-STRD) · Yahoo Finance · accessed 9 November 2026
  8. Vanguard Total World Stock ETF (VT), total return net of fees · Yahoo Finance · Nov 10, 2026
  9. Fund page: Purpose Global Resource Fund - Series F · Yahoo Finance
  10. Fund page: Fidelity Select Semiconductors Portfolio · Yahoo Finance
  11. Fund page: Columbia Seligman Technology and Information Fund Institutional Class · Yahoo Finance
  12. Fund page: Nomura Emerging Markets Fund Class R6 · Yahoo Finance
  13. Fund page: Nomura VIP Emerging Markets Series Standard Class · Yahoo Finance
  14. Fund page: Nomura Fund Solutions - Nomura Emerging Markets Fund I GBP Dist · Yahoo Finance
  15. Monthly exchange rates: USD → GBP · data.ecb.europa.eu

This article is for education only. It is not investment advice: investing carries a risk of loss.

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