Vanguard LifeStrategy 80% OEIC v ETF

Cus

Hi - why, on trustnet, when you compare the LifeStrategy 80% Equity Acc  OEIC against the LifeStrategy 80% Equity UCITS ETF the performance is so different? The charts take into account the currency issue, so what stupid thing am I missing?

Aminatidi

You can't buy the ETF on the UK stock exchange can you?

Pretty sure the holdings are different from the UK LifeStrategy which probably explains the difference in performance.

coyrls

If you are using a % increase chart to compare an OEIC priced in UK £ and an ETF priced in US $, I don't think the charts will take into account the currency issue, as one will be the % increase in UK £ and the other will be the % increase in US $.

Cus

On trustnet it says the performance is rebased to pounds sterling

Aminatidi

It's different holdings.

https://www.vanguardinvestments.dk/portal/instl/dk/en/product.html#/fundDetail/etf/portId=9497/assetCode=balanced/?overview

https://www.vanguardinvestor.co.uk/investments/vanguard-lifestrategy-80-equity-fund-accumulation-shares/portfolio-data

Cus

To me that's misleading. Should at least have a different name

Albermarle

coyrls said:

If you are using a % increase chart to compare an OEIC priced in UK £ and an ETF priced in US $, I don't think the charts will take into account the currency issue, as one will be the % increase in UK £ and the other will be the % increase in US $.

It is actually priced in Euros and available on Milan and Amsterdam markets .

coyrls

Albermarle said:

coyrls said:

If you are using a % increase chart to compare an OEIC priced in UK £ and an ETF priced in US $, I don't think the charts will take into account the currency issue, as one will be the % increase in UK £ and the other will be the % increase in US $.

It is actually priced in Euros and available on Milan and Amsterdam markets .

Thanks.  Also the bond funds are hedged to the Euro rather than being hedged to the Pound as they are in the OEIC.

coyrls

Cus said:

On trustnet it says the performance is rebased to pounds sterling

Yes, you're right, sorry I missed that.

tebbins

Ah the V80A ETF according to https://www.vanguardinvestments.dk/portal/instl/dk/en/product.html#/fundDetail/etf/portId=9496/assetCode=balanced/?overview appears to lack the UK home bias, maybe that's it?

GeoffTF

Cus said:

To me that's misleading. Should at least have a different name

There is another (different) LifeStrategy on sale in the US. Vanguard packages up a different LifeStrategy to suit the tastes of each market. LifeStrategy is simple for the US market, and more complicated for the UK market, for example.