Risk considerations
Investors should note that the Xtrackers ETFs & ETCs are not capital protected or guaranteed and investors in each Xtrackers ETF or ETC should be prepared and able to sustain losses up to the total capital invested. The value of an investment in an Xtrackers ETF or ETC may go down as well as up and past performance does not predict future returns. Investment in Xtrackers ETFs or ETCs involve risks. For a list of related risks please click on the Risks and Terms tab.
Important security note: Warning of attempted fraud in the name of DWS
We have detected that fraudulent individuals are misusing the "DWS" trademark and the names of DWS employees on the internet and social media. These fraudsters are operating fake websites, Facebook pages, WhatsApp groups and Mobile Apps. Please be aware that DWS does not have any Facebook Ambassador profiles or WhatsApp chats. If you receive any unexpected calls, messages, or emails claiming to be from DWS, exercise caution and do not make any payments or disclose personal information. We encourage you to report any suspicious activity to info@dws.com, including any relevant documents and the original fraudulent email. Additionally, if you believe you have been a victim of fraud, please notify your local authorities and take steps to protect yourself.
Stocks & Shares ISA: Start Thinking About the Future You Want
Saving and investment choices have a big impact on your long-term financial wellbeing. A Stocks & Shares ISA (Individual Savings Account) offers a simple, tax-efficient way to take control of your financial future — whether you prefer the stability of cash or the long-term growth potential of equities. With a Stocks & Shares ISA, you can choose the approach that best matches your investment goals and any interest, income, or capital gains earned inside the ISA stays free from UK tax.
Did you know?
HMRC reports that the total market value of Adult ISA holdings reached £872 billion at the end of the 2023/24 tax year.
- Cash ISAs: 41.3% of total market value
- Stocks & Shares ISAs: 58.6% of total market value
Xtrackers – A Partner Invested in UK Investors
Xtrackers by DWS is participating in the UK Retail Investment Campaign, an initiative supported by His Majesty’s Treasury (HMT), the Financial Conduct Authority (FCA) and the Money and Pensions Service (MaPS), with the Investment Association (IA) acting as Secretariat. Xtrackers is one of the largest European-based providers of Exchange Traded Funds (ETFs) globally. To learn more about the initiative, please visit our press release.
What a Stocks & Shares ISA Is Designed For
A Stocks & Shares Individual Savings Account (ISA) is a tax‑efficient way for people in the UK to invest in a regulated environment. It helps you potentially grow your money over time without paying UK tax on interest, dividends, or capital gains within the ISA.
What to expect:
- Simplicity: a clear, well-established investment framework
- Flexibility: the option to withdraw funds when needed (subject to product terms)
- Long-term planning: a wrapper that can support future goals
- Tax efficiency: Interest, income and capital gains within the ISA stay tax‑free
Overall, you can select an approach aligned to your risk tolerance and time horizon, but you may adjust your approach as your circumstances change.
For more information on ISAs, please visit Individual Savings Accounts (ISAs): Overview - GOV.UK
Your ISA allowance in a nutshell
Choose What Suits You: Cash Parking or Equity Investing with a Stocks & Shares ISA
A cash-focused approach aims to prioritise stability and liquidity. As an alternative, an equity-focused approach aims to prioritise long-term growth potential and accepts market volatility.
If your priority is day-to-day liquidity and a cash-like approach, the Xtrackers II GBP Overnight Rate Swap UCITS ETF 1D aims to track the SONIA overnight rate through a swap-based structure. SONIA is the UK’s main overnight interest rate and reflects the interest banks earn on very short term cash held overnight. The ETF uses a swap — a contract with a bank — to receive the return of this rate, rather than holding traditional investments directly. The Xtrackers II Overnight Rate Swap UCITS ETF is designed for short-term cash management, but it remains an investment product and is not a deposit or capital guarantee. |
|
At-a-glance comparison Stocks & Shares ISA
| GBP Overnight Rate Swap UCITS ETF 1D | MSCI World ex USA UCITS ETF 1C | |
|---|---|---|
ISA wrapper | Stocks & Shares ISA (ETF) | Stocks & Shares ISA (ETF) |
Use case in an ISA | Cash parking / liquidity, SONIA linked profile | Long term equity exposure,developed markets excluding the US |
Index / exposure | Solactive SONIA Daily Index (GTR, GBP) | MSCI World ex USA Index |
TER | 0.10% | 0.15% |
Distribution | Distributing | Capitalising (accumulating) |
Risk (plain English) | Not capital protected/guaranteed; value can move | Equity volatility; value can go down as well as up |
How to Open an ISA (in practice)
Opening an ISA is typically straightforward. You choose the ISA type that fits your goal, select a provider, and complete their application process.
1 Choose the ISA type you want to open (for example a Stocks & Shares ISA).
2 Select a provider and apply directly with them.
3 Have your National Insurance number ready, as providers will ask for it as part of the application.
In the UK, ISAs are offered by a range of regulated providers, including banks, building societies, credit unions, friendly societies, stock brokers, peer-to-peer lending services, crowdfunding companies and other financial institutions.
Why every retail investor should care about a Stocks & Shares ISA
If you’re investing in the UK and not using a Stocks & Shares ISA, you’re potentially skipping one of the easiest wins: tax-free investing inside a government set wrapper. You can contribute up to £20,000 in 2026/27 across ISAs—and crucially, unused allowance doesn’t roll over. That makes timing simple: start now, even small, and let compounding work in a cleaner, more efficient account. The real question is: if you’re investing anyway, why not do it in the account designed to help you keep more of your returns?