iShares MSCI ACWI UCITS ETF (Acc) (ISAC.L)

A third of this fund sits in tech, with NVIDIA and Apple alone making up nearly a tenth.

What is going on right now?

The price has drifted below where it sat over the past few weeks, and the recent trend has been gently downward rather than flat.

How is the business itself doing?

This is a basket of stocks from around the world, almost entirely shares in companies. It costs very little to hold, just 0.20% a year, and it has returned about 13% so far this year.

What stands out?

Over three years it averaged roughly 22% a year, but over five years that figure drops to about 11%, showing how much one strong stretch can shape the picture.

What comes next?

Reports of a possible oil supply shock could ripple through energy-related names inside the fund.