This U.K. ETF Is More Expensive Than the Shares It Owns: Chart

The biggest exchange-traded fund tracking the U.K.’s FTSE 100 Index is seeing a surge in popularity, with traders paying the most since December relative to the value of the equities it owns. While the premium remains small, the number of shares outstanding for the 4.2 billion-pound ($5.2 billion) iShares Core FTSE 100 UCITS ETF is at the highest since March 2014. A weakening of the pound made the gauge of large British companies the best-performing among western-European stock indexes this year.

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