ETF - GBP vs USD

eskbanker

coyrls said:

eskbanker said:

coyrls said:

eskbanker said:

coyrls said:

Not sure why you're seeing that, here is 6 months plotted on Trustnet, the performance is identical for any period:

Doesn't the reference at the bottom to "Performance values rebased to Pound Sterling" signify that they'll be using a standardised one-off conversion rate (such as today's) rather than retrospectively applying contemporaneous exchange rates over the period (which is perhaps what FT.com is doing)?

Isn't it likely to be the opposite?  If you use a one-off conversion rate, you would expect diversions between a US $ priced ETF vs a UK £ priced ETF but if you use the contemporaneous rate, you would expect no diversion, at least in terms of % change, the actual units may be priced differently.

Are there definitely two separate versions as such though?  It looks to me like there's just a dollar one, i.e. GBP pricing is only available by converting....

There are two separate ETFs (A & B in the graph).  The US $ one is IUES and the UK £ one is IESU.

Oops, yes, I was just trying to reproduce your Trustnet chart and found that the link from the GBP one took me to the USD page!

ChilliBob

100% there are two different etfs with different codes, it doesn't make much logical sense the different versions would have different performance for any reason bar currency...But I may be missing something.

I'm now starting to think where the dividends come from, in what currency, where the fund is domiciled, the differences this could make etc.

Sure its easier to just choose gbp and be done with it! I'm still curious though 

Thrugelmir

ChilliBob said:

Sure its easier to just choose gbp and be done with it! I'm still curious though 

Will cost you a currency conversion fee to buy/sell the US$. 

coyrls

ChilliBob said:

100% there are two different etfs with different codes, it doesn't make much logical sense the different versions would have different performance for any reason bar currency...But I may be missing something.

I'm now starting to think where the dividends come from, in what currency, where the fund is domiciled, the differences this could make etc.

Sure its easier to just choose gbp and be done with it! I'm still curious though 

But there isn't a difference in performance.

ChilliBob

Cheers for the assistance guys, I have plumped for the GBP one