Vanguard ETF?

Prism

Barry_Bear said:

I cannot find VWRP on Vanguard's UK platform.
But I have found it listed on their "professional" site.
https://www.vanguard.co.uk/professional/product/etf/equity/9679/ftse-all-world-ucits-etf-usd-accumulating#about-this-fund
Maybe it's not possible for retail investors to have this fund on Vanguard's own UK platform.

Correct, it is not available. Maybe select a fund rather than an ETF

Alexland

Have you considered their FTSE Global All Cap fund that I mentioned previously?

It is very similar to an All World asset allocation but is available as an accumulation fund.

Barry_Bear

Alexland yes thanks but I specifically want an ETF in this case. 

Prism

Barry_Bear said:

Alexland yes thanks but I specifically want an ETF in this case. 

Its an odd criteria if the platform you have doesn't contain the ETF you want but does hold the fund. If you are not on the Vanguard platform then you are good to go with VWRP.

underground99

Barry_Bear said:

I cannot find VWRP on Vanguard's UK platform.
But I have found it listed on their "professional" site.
https://www.vanguard.co.uk/professional/product/etf/equity/9679/ftse-all-world-ucits-etf-usd-accumulating#about-this-fund
Maybe it's not possible for retail investors to have this fund on Vanguard's own UK platform.

Correct. They don't currently offer accumulating ETFs on the vanguardinvestor site. It's more efficient and less hassle for the Vanguard platform administrators to just deal with plain vanilla distributing ETFs or conventional open ended funds, and from the perspective of a broker or administrator the fewer fund classes offered, the better.

Accumulating ETFs are more of a pain for tax reporting, where investors need to know their share of undistributed income within the ETFs after the year has ended so that they can pay their UK taxes on it; most brokers leave it to the customers to get the data from the relevant fund manager and work it out for themselves. But on the Vanguard UK platform that would lead to some customers being annoyed that Vanguardinvestor the platform was only giving them their taxable income summary info for OEICs and for distributing ETFs where the allocated or received dividend income can be easily seen, and not from the nondistributing ETFs run by Vanguard Ireland, even though it's all Vanguard.  So easier for them to just pretend that the non-distributing classes don't exist, and have the retail customers use the more conventional distributing share classes which are more liquid and have been running longer anyway.

As Alex and Prism suggested, you can get the same sort of market exposure for the same sort of cost in an accumulating version on the same platform by using the global all-cap open-ended fund, so it's a bit of a strange one to 'specifically want an ETF' if that means you have to use a different platform for it. Still, perhaps you are a wheeler dealer stockmarketeer who wants to be able to buy and sell throughout the working day based on where he thinks the market is going from one moment to the next during working hours; in which case it would be frustrating to just have to put your order in and receive the next available daily price.

Johnnyboy11

Maybe to do with platform fees, HL don't charge it for ETFs?

underground99

Johnnyboy11 said:

Maybe to do with platform fees, HL don't charge it for ETFs?

I'd suggest that what HL choose to charge in platform administration fees for ETFs is unlikely to be the reason why Vanguard's retail investor platform offers some Vanguard ETFs and not other Vanguard ETFs.

Annikka_Green

Barry_Bear said:

Alexland yes thanks but I specifically want an ETF in this case. 

I sympathise with you on this one. I have in the past joined a platform expecting to have more ETFs available to me (Saxo in my earlier case). 
With Vanguard, while a market leader, not all their ETFs are cheap. I suggest you check the one-off and annual fees before you commit.

ColdIron

Barry_Bear said:

Alexland yes thanks but I specifically want an ETF in this case. 

Can you tell us why? It is an odd decision and perhaps you have missed something. Tails and dogs etc