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All about ETFs / Foreign Brokers, Exchange traded funds
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Gwynbleidd
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 Sep 3 2020, 06:34 PM
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Getting Started
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QUOTE(pigscanfly @ Sep 3 2020, 12:14 AM) Hi. Can anyone please advise on which stock exchange I should buy ETF? I am planning to invest in Vanguard FTSE All-World. It's listed on LSE and XETRA. VWRA on LSE (USD), average daily volume 18,770, bid-ask spread 19.7 bps VWCE on XETRA (Euro), average daily volume 21,200 bid-ask spread 10.4 bps Both have almost similar average daily volumes, but the bid-ask spread of VWCE is much narrower compared to VWRA. My broker is TS Global. What are your thoughts? Is VWCE a better choice? I prefer VWRP (GBP) as you don't have to convert currency twice. With VWCE you don't have to convert twice too but I think there are multiple listings in Europe. The volumes are low because they are fairly new especially if compared to the original (VWRL). You don't have to worry much about the spreads. This post has been edited by Gwynbleidd: Sep 3 2020, 07:02 PM |
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Gwynbleidd
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Sep 4 2020, 01:38 PM
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Getting Started
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QUOTE(pigscanfly @ Sep 3 2020, 11:08 PM)
Can you please clarify what you mean convert currency twice? I thought I can use instarem to convert MYR to USD/ EUR/ GBP directly into IBKR accounts?
I agree the average volumes for the distributing classes are much higher. Both VWRD (USD) and VWRL (GBP) listed on LSE have average daily volumes of 49k each.
As Ramjade mentioned, so far the chances of converting MYR to USD is very slim. However, if you are converting to SGD first, then any of the three currencies are fine (GBP, USD, EUR). But if you plan to send money directly through a single conversion, then it's either GBP or EUR. Imo don't be to fussy about currency but keep costs in mind. |
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Gwynbleidd
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Sep 4 2020, 01:48 PM
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Getting Started
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I'm a big fan of Vanguard FTSE All-World ETF too until an ETF that tracks the Global All Cap Index is introduced (hopefully by Vanguard too).
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Gwynbleidd
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Sep 4 2020, 11:17 PM
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Getting Started
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QUOTE(pigscanfly @ Sep 4 2020, 11:04 PM) Global All Cap Index? Meaning the index covers developed + emerging markets across large, medium, and small-cap sectors? It's gonna be expensive to track so many stocks across the globe. Most ETFs will "optimally replicate" the index to reduce operational fees. Even the Vanguard FTSE All-World doesn't fully replicate the index. And the weightage allocated to small-cap stocks are so small, their contributions (or lack-of) are insignificant to the overall index. Yes. Not true. VT tracks the Global All Cap Index and has a very low fee but is US domiciled. I should have mentioned non-US domiciled ETF. This post has been edited by Gwynbleidd: Sep 4 2020, 11:20 PM |
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Gwynbleidd
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Jan 4 2021, 08:08 PM
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Getting Started
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QUOTE(kiwifruit0 @ Jan 3 2021, 09:57 PM) Hi All, Any comments on below ETF?  Vanguard Total World Stock Index Fund ETF Shares (VT) I like it but it's US-domiciled so there's higher dividend witholding tax rate and estate tax liability. I would recommend the Vanguard FTSE All-World UCITS ETF instead. This post has been edited by Gwynbleidd: Jan 4 2021, 08:11 PM |
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Gwynbleidd
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Aug 18 2023, 08:16 PM
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Getting Started
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QUOTE(Sherman Kong @ Jul 30 2023, 11:06 PM) Hey folks, wanna get into ETFs, is it better to just VT or VTI + VXUS? I'm thinking if I diversify, the returns would be much better than just focusing on one fund. Also, is there any Irish Domiciled Fund that is relatable to those 3 ETFs that I mentioned above? Don't wanna get tax 30%, am looking to invest long term without touching it. Thank you iShares MSCI ACWI UCITS ETF |
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