Distribution currency from ETFs

masonic

GeoffTF said:

george4064 said:

Annoyingly FWRG isn't on HL, I imagine because its only just been recently launched. I might send them a secure message asking them to add it to their platform.

I really don't want to be messing about with dividends being paid in USD and incurring fees, so think I'll go for a GBP denominated investment grade corporate bond fund.

You will be charged a percentage platform fee if you do that with HL, which may or may not matter, depending on the size of your investment.

Do what in particular? FWRG would be eligible for the cap on platform fees if added, and a GBP denominated corporate bond fund would too providing it was either an ETF or investment trust.

Hoenir

FWRG was launched last July. On a good day might be 80 trades on the LSE. Doesn't appear to be attracting very much retail investor attention. 

GeoffTF

masonic said:

GeoffTF said:

george4064 said:

Annoyingly FWRG isn't on HL, I imagine because its only just been recently launched. I might send them a secure message asking them to add it to their platform.

I really don't want to be messing about with dividends being paid in USD and incurring fees, so think I'll go for a GBP denominated investment grade corporate bond fund.

You will be charged a percentage platform fee if you do that with HL, which may or may not matter, depending on the size of your investment.

Do what in particular? FWRG would be eligible for the cap on platform fees if added, and a GBP denominated corporate bond fund would too providing it was either an ETF or investment trust.

Yes, but the OP seems to be saying that he wants an OEIC or Unit Trust, but he has not been clear.

masonic

Hoenir said:

FWRG was launched last July. On a good day might be 80 trades on the LSE. Doesn't appear to be attracting very much retail investor attention. 

It's still a bit small and new, granted, but only one of two FTSE All-world ETFs available (others are MSCI) and it's pulled in over £50m in those first 6 months. Earlier Vanguard challengers have had a similar trajectory and are now doing well.

george4064

GeoffTF said:

masonic said:

GeoffTF said:

george4064 said:

Annoyingly FWRG isn't on HL, I imagine because its only just been recently launched. I might send them a secure message asking them to add it to their platform.

I really don't want to be messing about with dividends being paid in USD and incurring fees, so think I'll go for a GBP denominated investment grade corporate bond fund.

You will be charged a percentage platform fee if you do that with HL, which may or may not matter, depending on the size of your investment.

Do what in particular? FWRG would be eligible for the cap on platform fees if added, and a GBP denominated corporate bond fund would too providing it was either an ETF or investment trust.

Yes, but the OP seems to be saying that he wants an OEIC or Unit Trust, but he has not been clear.

Sorry if I wasn't clear. I'm looking for listed securities only, to get best fees.

george4064

From my very rough calculations, it appears the dealing spread for SSAC ETF is much lower than for FWRG. Since there will be regular disinvestments being placed, dealing spread must be an important factor alongside the charges.

Either way, I will ask HL to add FWRG to their platform and see what they can do. I'd like to think they would be interested in adding it, but we'll see.

For any other HL clients, I ask you to also secure message HL asking for Invesco FTSE All World UCITS ETF Acc (FWRG) to be added to their platform!

masonic

Yes if you are thinking of selling shares monthly or quarterly then it might be better to have at least part in a more established fund. Though trading costs are also a bit of a drag at HL if selling smaller amounts regularly.

george4064

So I messaged HL requesting to add the FWRG ETF to their platform and received this response promptly: "I’ve got an update on the stock that you have requested to add to our platform.

Unfortunately, the stock can’t be added as we’re unable to settle trades in the security through our market counterparties.

We're sorry we can't assist you further on this occasion."

Really suprised by their response. I've since replied to point out that all of HL's competitors are able to offer this ETF on their platforms, so why can't HL (supposedly the biggest platform)?

I urge any HL clients here to also request this ETF is added. Even more so now!

masonic

Are HL not a member of the London Stock Exchange? I'd made an assumption that they were.

Edit: to answer my own question, they are: https://www.londonstockexchange.com/member-directory/hargreaves-lansdown-asset-management-limited/50122

So struggling to see how they are unable to access the full market

GeoffTF

masonic said:

Are HL not a member of the London Stock Exchange? I'd made an assumption that they were.

Edit: to answer my own question, they are: https://www.londonstockexchange.com/member-directory/hargreaves-lansdown-asset-management-limited/50122

So struggling to see how they are unable to access the full market

When I looked at this, I got the impression that the benefit of being a member of the LSE was access to real time data. Freetrade was not a member but was able to trade LSE stocks nonetheless. Perhaps the issue is that the Retail Service Providers that HL uses do not quote prices for the ETF concerned.