Vanguard extend ETF range

grey_gym_sock

bigsy wrote: »

My VHYL dividend on AJ Bell Youinvest was dated 27/12/13 with an exchange rate of 0.6031. They apparently have a foreign exchange charge of 1.00% included in this.

The exchange rate for the dividend paid on 4/10/13 was 0.619089.

youinvest apparently only charge 0.5% when converting dividends, though 1% when buying or selling a share in another currency (of course, the latter doesn't apply to these vanguard ETFs, which are traded in GBP).

i've had the following rates from youinvest:

02/04/13 0.657586
28/06/13 0.653874
and then the same 2 rates as bigsy.

SnowMan

grey_gym_sock wrote: »

youinvest apparently only charge 0.5% when converting dividends, though 1% when buying or selling a share in another currency (of course, the latter doesn't apply to these vanguard ETFs, which are traded in GBP).

i've had the following rates from youinvest:

02/04/13 0.657586
28/06/13 0.653874
and then the same 2 rates as bigsy.

Thanks. I've added in your rates to the spreadsheet

https://docs.google.com/spreadsheet/...Hc&usp=sharing

SnowMan

My VUSA, VFEM and VWRL were credited today (28th March 2014) at conversion rates of 0.6018, 0.6016 and 0.6018 respectively.

Anybody else?

gadgetmind

I think we're just all in awe of your passion on this one!

Out of interest, what percentage of dividends are being eaten in exchange spread and what impact do you think this has on fees?

SnowMan

gadgetmind wrote: »

I think we're just all in awe of your passion on this one!

Out of interest, what percentage of dividends are being eaten in exchange spread and what impact do you think this has on fees?

Hard to say how much is going. But if 2% is going in exchange fees (TD Direct seem to charge 2% and Hargreaves Lansdown 1.7%) then the effect is to increase the effective OCF to roughly

VFEM: 0.29% + 0.05% = 0.34%
VUSA: 0.09% + 0.03% = 0.12%
VWRL: 0.25% + 0.05%= 0.3%

I'm not sure it is anywhere near as much as 2% for First Direct though looking at

http://uk.finance.yahoo.com/q/bc?s=USDGBP=X&t=5d&l=on&z=m&q=l&c=

Today's range there is 0.6006 - 0.6024 and those are inter-bank rates as far as I can see with virtually no spread.

Compared with my conversion of 0.6018

On the surface it suggests there is pretty much no foreign conversion charge for First Direct (compared with the 2% for TD Direct, 1.7% for HL and 0.5% for Youinvest for example). Would be interesting to see the Youinvest rates to see if they are consistent with a 0.5% extra charge over the First Direct ones.

billchecker1

Hvent had my dividend paid on VUKE and am on X-O. Is this usual?

SnowMan

billchecker1 wrote: »

Hvent had my dividend paid on VUKE and am on X-O. Is this usual?

It was only paid today, so it could take a working day or so to credit or show up.

bigsy

grey_gym_sock wrote: »

youinvest apparently only charge 0.5% when converting dividends, though 1% when buying or selling a share in another currency (of course, the latter doesn't apply to these vanguard ETFs, which are traded in GBP).

Thanks for pointing that out. Page 2 of http://www.youinvest.co.uk/Resources/Content/PDF/AJBYI_SIPP_charges.pdf confirms the 0.5% foreign exchange charge for dividends.

Glen_Clark

billchecker1 wrote: »

Hvent had my dividend paid on VUKE and am on X-O. Is this usual?

I hold VWRL, VUSA, and VUKE through X-O
Just looked and diividends not showing yet.
Last dividends were due 27 Dec, paid on 31 Dec, dated 27 Dec.
I enquired by email about this after a couple of days because dividends on other shares I hold through X-O are paid on the same day. - I received a prompt reply from X-O saying they were still waiting for the dividends from their broker, and they would pass them on to me as soon as they arrived - which they did..

westy22

Youinvest SIPP - VUSA Dividend @ 0.159943 = £36.33 ($60.76) at a conversion rate of 0.597881