Where to buy ARKG ETF?

AnotherJoe

Anyone know? My broker HL doesn't because it doesn't have the right documentation (KIID), does that mean other UK brokers also wont carry it?

I looked at ii, a search doesn't even find it there.

TIA, AJ

Linton

If a fund does not have a KIID it cannot be sold in the UK.

AnotherJoe

OK thanks.

At least I can buy via my US broker but that involves more hassle and cost and potential CGT down the line.

I'll have to think on it.

YellowStarling

Not quite the same, as you'll be a trading day out, but as an ETF they make their trades public at the close of each day - you can sign up for these notifications (emailed) and then use a free/low cost trading platform to replicate the ETF (ones offering fractional share purchases could assist here too).  You will likely miss out on some of the gains by following +1 day on days catalysts land, but on the other side of the coin you can then be free to pick and choose which moves to replicate and also save on the fund charge.

As I said, not quite the same - I would also be interested in these funds being available on UK brokers.

bowlhead99

AnotherJoe said:

OK thanks.

At least I can buy via my US broker but that involves more hassle and cost and potential CGT down the line.

I'll have to think on it.

It may not involve CGT because, if it's not registered with HMRC as a reporting offshore fund (which guarantees to report its undistributed excess income every year so you can pay the right amount of income tax on it) HMRC may just deem it a nonreporting offshore fund and as a consequence, your gains from it are not treated as capital gains but as offshore income gains. 

The offshore funds regime is constructed to stop people putting money into offshore funds which might accumulate or roll up some or all of the underlying income rather than paying it out, and ultimately allow the investors to redeem or sell out at NAV after several year - having accumulated income inside the product which they cash out as a 'gain' rather than ever paying their income tax on it.

Generally the practical barrier to investing in non-UK funds that aren't generally marketed to a UK audience is not just the lack of KID, but also the risk that they won't have signed up with HMRC's compliance rules to make the relevant reporting data available when you're investing outside an ISA or pension - meaning that your gains wouldn't benefit from CGT rates and exemptions but are instead charged as investment income at the appropriate marginal rate.

Some of the bigger providers like Vanguard have registered most or all of their US domestic domiciled ETFs as offshore funds just like their European ones, but the same can't be said for all fund / ETF providers. If they don't care enough about sourcing investors from the UK to go to the hassle and expense of publishing a KIID, the chances are they won't have bothered to sign up to the HMRC Offshore Reporting Funds regime either.

AnotherJoe

Wow thanks BH wasn't aware of that complexity at all. Will have to check.