Vanguard FTSE All-World UCITS ETF (VWCE)
Eine detaillierte Analyse des weltweit diversifizierten 'All-in-One' Aktien-ETFs.
The Vanguard FTSE All-World UCITS ETF (VWCE) is a premier single-ticker solution for gaining comprehensive exposure to the global equity market. The fund passively tracks the FTSE All-World Index, which includes thousands of stocks from both developed and emerging markets, weighted by market capitalization.
Merkmale: Its primary appeal is providing maximum diversification across geographies and sectors in one highly efficient and low-cost product. With a very competitive expense ratio of 0.22%, it is a foundational core holding for long-term investors.
Risiken: The key risk is its complete exposure to global equity market fluctuations; a broad market downturn will directly impact the fund's value. This is an accumulating ETF, meaning all dividends are automatically reinvested.
The fund aims to replicate the performance of the FTSE All-World Index by physically holding the vast majority of the stocks in the index. This index covers approximately 90-95% of the global investable market capitalization, offering unparalleled diversification. The fund's composition is heavily tilted towards the United States, reflecting that market's dominant global weighting.
Top Sektor-Allokationen
| Sektor | Gewichtung |
|---|---|
| Information Technology | 26.5% |
| Financials | 14.8% |
| Consumer Discretionary | 11.0% |
| Health Care | 10.5% |
| Industrials | 9.8% |
| Zeitraum | VWCE Rendite | Analyse |
|---|---|---|
| YTD | ~11.5% | The fund has captured the strong gains of the global stock market so far this year, driven by resilient corporate earnings. |
| 1-Year | ~20.1% | The one-year return highlights a strong recovery and upward trend in global equities. |
| 3-Year | ~9.5% (Annualized) | Despite volatility, the fund has delivered solid annualized returns over the medium term. |
| 5-Year | ~13.8% (Annualized) | The five-year performance demonstrates the powerful wealth-compounding effect of staying invested in a diversified global portfolio. |
| Unternehmen | Ticker | Gewichtung |
|---|---|---|
| Microsoft Corp | MSFT | 4.35% |
| Apple Inc | AAPL | 3.81% |
| NVIDIA Corp | NVDA | 3.05% |
| Amazon.com Inc | AMZN | 2.18% |
| Meta Platforms Inc Class A | META | 1.45% |
| Alphabet Inc Class A | GOOGL | 1.22% |
| Alphabet Inc Class C | GOOG | 1.04% |
| Eli Lilly & Co | LLY | 0.89% |
| Broadcom Inc | AVGO | 0.81% |
| TSMC | 2330 | 0.79% |
Sentiment & Kapitalflüsse
Stimmung: General sentiment towards global equities is constructively positive but with an undercurrent of caution. While corporate earnings have been solid, concerns about inflation, interest rate policy, and geopolitical flashpoints remain.
Kapitalflüsse: VWCE continues to attract very strong and consistent positive fund inflows. It is one of the most popular ETFs in Europe for building a long-term savings or retirement portfolio, indicating high investor trust and a commitment to the passive global equity strategy.
Bull Case
The bull case is a continuation of global economic expansion, technological innovation (particularly in AI), and growing corporate profits. In this scenario, the fund's broad diversification allows it to capture growth from all corners of the world. As developing economies mature and contribute more to global GDP, the fund's holdings will naturally adapt. The strategy of simply owning the entire market at a low cost is a proven method for long-term wealth accumulation.
Bear Case
The bear case involves a global recession triggered by persistent inflation, central bank policy error, or a major geopolitical shock. The high concentration in U.S. mega-cap stocks makes the fund vulnerable to any reversal in their fortunes, whether from anti-trust regulation or a bursting of high valuations. In a 'risk-off' environment, all equity markets tend to fall in tandem, limiting the short-term benefits of geographic diversification.