UK ETF to mirror S&P 500 (SPX)?

[theshidoshi]

Hi all,

I am a beginner investor and looking to add an index fund regular investment in my portfolio for long-term (20 years)

I'd like a UK equivalent to SPX/SPY or S&P500 index but in GBP.

Any ideas, pitfalls, tips or what to look for?

The comparison charts between my choices below and SPX were almost identical and in some cases, the UK ETF's were marginally higher.

A few I looked at are:

CSP1 - iShares Core S&P 500 ETF USD Acc GBP (LSE:CSP1)

GSPX - iShares Core S&P 500 ETF USD Acc USD

ISGSPX - Shares Core S&P 500 ETF GBP (Hedged ) 

 

another question I have is "What is the "Hedged" ETF in the above list? I understand hedging concept but having it in this ETF context is slightly confusing. Did they invest in non-SP500 companies to hedge against SP500 downturn?

 

Many thanks

[Caseynotes]

Hi @theshidoshi, not really my field but I think that the hedging aspect refers to the currency, so they will invest in S&P stocks while seeking protection from adverse currency movements $/£ by hedging with currency futures.

[theshidoshi]

5 minutes ago, Caseynotes said:

Hi @theshidoshi, not really my field but I think that the hedging aspect refers to the currency, so they will invest in S&P stocks while seeking protection from adverse currency movements $/£ by hedging with currency futures.

Thanks for your reply

 

I noticed IG's Smart Portfolio does that all the time. 

I want to do the Index investing by myself so I was not sure if I should follow the hedging concept with SP500 tracker investing!  Still learning

 

So far my list is the below with LSE:IUSA being the preferred one thus far.

 

 

CSP1 - iShares Core S&P 500 ETF USD Acc GBP (LSE:CSP1)

CSPX - iShares Core S&P 500 ETF USD Acc USD

GSPX - iShares Core S&P 500 ETF GBPH Dist (LSE:GSPX)

IUSA - iShares S&P 500 UCITS ETF 

[wjw22]

Vanguard do US Equity tracker funds with low charges.