What world ETF would you recommend? Preferably one that pays a dividend?

IShares MSCI World ETF (IWRD) cost about 0.5% p/a which is pretty expensive as compared to Vanguard Total World Stock ETF (VT) which cost only 0.09% p/a. Appox. 5 times more expensive for IWRD

However VT is domicilied and traded in the US hence you are subjected to 30% dividend witholding tax (DWT) as compared to 15% for IWRD, as IWRD is domicilied in Ireland and traded on LSE.

If I really have to pick one, I would go with IWRD since DWT is only 15% and you are looking for a dividend paying one. I would assume you would want to maximise your dividend payout.

Note that both IWRD and VT has a pretty low exposure to China,which i believe is not a fair representation of a world ETF considering the influence that China has.

I would recommend you to supplement VT with a China ETF such as 2801.HK which is traded in Hong Kong.

2801.HK is priced very well. I believe it is around 20bps.

Do your own due diligence.