If that multiple and yield is correct (and it appears to be from a quick search), it does not sound like a terrible idea. I would guess you have the large FTSE 100 firms giving international exposure. You probably have low profit growth, with high dividend payout ratios. Which isn’t always a bad thing if the average management team is not so great at capital allocation. You likely have significantly lower compensation and SBC. You probably don’t have much technology weighing. You have greater exposure to a stagnant U.K. economy and stretched government finances. But respected institutions and a history of not defaulting on debts. But all in all, if the numbers you quoted are accurate, it’s sounds like a reasonable place to allocate part of one’s portfolio, if a decision has been made not to pick individual stocks; to invest in equities, to invest in sterling. All of which come down to personal circumstances and preferences. Probably less risk for the average investor such as me…