iWeb - do they sell all Vanguard funds?

masonic

You may wish to do some more research before investing if you do not appreciate the difference between an ETF and an OEIC/Unit Trust.

Thrugelmir

Deleted_User said:

Thrugelmir said:

Deleted_User said:

Hi again - so I would like to find another vanguard fund on iweb, this one:
https://markets.ft.com/data/etfs/tearsheet/summary?s=VWRL:LSE:GBP

I can find the "US$" priced variant (code VWRD) here
https://www.markets.iweb-sharedealing.co.uk/etf-centre/details/IE00B3RBWM25/-1

I can also find a reference to the correct fund (code VWRL) when I search the investor centre (by searching: https://www.markets.iweb-sharedealing.co.uk/investments-search/?term=Vanguard+Funds+Vanguard+FTSE+All-World+Ucits+ETF)

 but when I click on the link, it takes me to the VWRD fund NOT the VWRL fund....sigh! Am I doing something wrong? Can someone with more knowledge point me in the direction of the correct web page?

Thanks!!!

What difference does it make as the underlying fund itself is denominated in US $.  

Are you sure? The FT says it is "VWRL:LSE:GBP" which implies GBP.

The issue is that if I buy directly in USD iWeb will presumably whack me with a painful foreign currency conversion charge of something like 1%, which I won't pay if it's in GBP.

The full title of the ETF is 

VANGUARD FUNDS PLC FTSE ALL-WORLD UCITS ETF (USD)

[Deleted User]

ColdIron said:

It's not a fund, VWRL is structured as an ETF

Although I acknowledge the validity of your point, ETFs are exchange traded funds.

;-)

[Deleted User]

masonic said:

You may wish to do some more research before investing if you do not appreciate the difference between an ETF and an OEIC/Unit Trust.

I do appreciate the difference but don't consider there is a big difference between Vanguard's global trackers whether you select their passive index fund or ETF.  Both use the same investment methodology and have almost identical costs and should offer very similar returns. The differences are rather subtle (e.g. tax advantages). 

[Deleted User]

masonic said:

Yes, the forex charges on iWeb are to be avoided IIRC.

I doubt they bother with two entries on the research pages, but when you input the ticker on the trading screen you can confirm you have the correct currency share class.

It may be worth noting that the HSBC FTSE All-World Index Fund C also tracks FTSE All-World rather than MSCI All Country World index, and has considerably lower charges.

Thanks for this!! That's an amazing tip. I see the HSBC ongoing charge is 0.13% vs 0.22% / 0.23% with Vanguard and both seem to essentially track the FTSE All-World Index so I guess the risks & returns should be very similar. I owe you an electronic beer!!!

Is there anything I'm missing as to why HSBC is so much cheaper???

masonic

Deleted_User said:

masonic said:

You may wish to do some more research before investing if you do not appreciate the difference between an ETF and an OEIC/Unit Trust.

I do appreciate the difference but don't consider there is a big difference between Vanguard's global trackers whether you select their passive index fund or ETF.  Both use the same investment methodology and have almost identical costs and should offer very similar returns. The differences are rather subtle (e.g. tax advantages). 

The tax differences stem from the domicile and reporting status rather than the how the investment is structured. I was referring to differences in spread, ability to trade at a discount or premium, and differences in FSCS protection eligibility.

Deleted_User said:

masonic said:

Yes, the forex charges on iWeb are to be avoided IIRC.

I doubt they bother with two entries on the research pages, but when you input the ticker on the trading screen you can confirm you have the correct currency share class.

It may be worth noting that the HSBC FTSE All-World Index Fund C also tracks FTSE All-World rather than MSCI All Country World index, and has considerably lower charges.

Thanks for this!! That's an amazing tip. I see the HSBC ongoing charge is 0.13% vs 0.22% / 0.23% with Vanguard and both seem to essentially track the FTSE All-World Index so I guess the risks & returns should be very similar. I owe you an electronic beer!!!

Is there anything I'm missing as to why HSBC is so much cheaper???

You aren't missing anything. The only advantage of holding the ETF over the HSBC fund is that some investment platforms cap their percentage fees if you hold LSE listed shares. iWeb does not charge an ongoing fee, so this is not relevant.