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1. They support multilingual characters: UTF8 text editors support Unicode characters, which means that they can display and edit text that includes letters, symbols, and characters from multiple languages including Chinese, Arabic, Hindi, and more.

2. They handle different encoding formats: UTF8 text editors can handle different encoding formats including UTF-8, UTF-16, and UTF-32 which ensures that the text is displayed correctly.

3. They use efficient storage algorithms: UTF8 text editors use variable-length coding algorithms which compress text data and reduce storage requirements. This makes it possible to store large amounts of data without taking up much space.

4. They facilitate easy search and replace: UTF8 text editors make it easy to search for and replace any character or symbol in the text file. Since they support multilingual characters, this feature makes it easy to find and replace any language-specific character or symbol.

5. They support copy and paste of text between applications: UTF8 text editors support the copy and paste of text between different applications even if those apps use different encoding formats. This ensures that the text is displayed correctly in both applications.

Overall, UTF8 text editors work efficiently with UTF8 text by supporting multilingual characters, handling different encoding formats, facilitating easy search and replace, using efficient storage algorithms, and supporting copy-and-paste between different applications.