Vanguard extend ETF range

westy22

Snowman - I was just looking at your speadsheet when magically it started to add in my details right before my eyes :T

SnowMan

westy22 wrote: »

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

The spreadsheet works by magic, I don't have to update it :rotfl:

Looks like that is roughly 0.601 x 0.995 (based on the 0.5% charge).

It is increasingly looking like First Direct are applying no explicit charge.

Was your credited date 28th or 31st March?

westy22

I wish my spreadsheets worked like that!

Divi credited on 28th March on Youinvest and not yet received in my X-O account. Will post when it does land.

grey_gym_sock

westy22 wrote: »

Youinvest ... at a conversion rate of 0.597881

yup, same rate for me on the 28th (predictably).

interesting, if first direct are really charging almost nothing for FX, but refusing to tell you so!

Glen_Clark

westy22 wrote: »

Youinvest SIPP - VUSA Dividend @ 0.159943

Hi, may I ask where you got that figure from?
X-O don't give the figure in $
I got a figure of $0.15994 (without the 3 on the end) from Vanguard website https://www.vanguard.co.uk/institutional/mvc/investments/etf#disttab

Glen_Clark

I received mine in my X-O account today 31 March, dated 28th March when they were due.
VUKE: Sterling paid in full
VUSA: 1715 x $0.15994 = $274.2971 - Received £162.70 = 0.5931524
VWRL: 1103 x $0.44116 = $486.59948 - Received £288.62 = 0.5931366

westy22

Glen_Clark wrote: »

Hi, may I ask where you got that figure from?

Youinvest are really good with the information on their dividend notifications - it has all the details you need shown on the note.

On the other hand, X-O show nothing but the sterling value credited - you have to work all the rest out for yourself!

Still, you pays your money....

westy22

X-O VUSA now credited. Shows as 28 Mar but credited on 31 Mar.

VUSA: Conversion Rate works out at 0.59315

Glen_Clark

Front page of FT shows 1.6661$ per £, a fall of 0.01% yesterday.
So current rate is 1 / 1.6661 = 0.600204

SnowMan

Glen_Clark wrote: »

Front page of FT shows 1.6661$ per £, a fall of 0.01% yesterday.
So current rate is 1 / 1.6661 = 0.600204

Trading range yesterday (31st March) from yahoo was 0.5994 to 0.6019.

0.5994 and 0.6024 seem to be the low and highs respectively covering the period 28th and 31st March.

So the 0.593 conversion looks like some sort of material currency conversion charge from x-o of between 1 to 1.5% (based on these highs and lows), but hard to say what that is without knowing precisely when the conversion was made.

I couldn't find anything on x-o's website that stated their charge.

(figures in previous posts have magically updated themselves into the spreadsheet by the way :snow_grin)