Amundi fund PACW

Pat38493

I noted whilst watching a Pensioncraft youtube video that there is now a global equity tracker fund in the UK with 0.07% charges (as compared to 0.23% for example for the Vanguard FTSE Global fund.  It's also nearly a 50% discount even on the next cheapest global passive equity tracker.

Is there anything to be concerned about here if I consider moving my global equity tracker portions into this fund in order to save on charges?

LHW99

There appear to be 5 classes of this, only one denominated in GB£

It seems to only have been running since Feb 2024, and has an Ireland identifier (IE0009HF1MK9) as do the other versions. It's top 10 include the "Big 7", and has some 63% in the US.

https://global.morningstar.com/en-gb/investments/etfs/0P0001UQKL/quote

Doesn't seem that different from other Global trackers IMO, not all of which charge as much as Vanguard.

Pat38493

LHW99 said:

There appear to be 5 classes of this, only one denominated in GB£

It seems to only have been running since Feb 2024, and has an Ireland identifier (IE0009HF1MK9) as do the other versions. It's top 10 include the "Big 7", and has some 63% in the US.

https://global.morningstar.com/en-gb/investments/etfs/0P0001UQKL/quote

Doesn't seem that different from other Global trackers IMO, not all of which charge as much as Vanguard.

Yes - it looks like ACWI has reduced their charges to 0.08% to compete, but Vanguard are still charging 0.19% for the global ETF and 0.23% for the Global FTSE tracker.
Edit - sorry no I had misread that ACWI is still at 0.12%

The latter fund seems to have a huge amount more holdings than any other, but that doesn't seem to help the performance, at least not in the last decade.  

Also I suspect those Vanguard funds are made up of other Vanguard funds and you can probably save on charges by purchasing the underlying funds if you can be bothered to figure it out.

However PACW and ACWI seem to be by far the cheapest right now.   The HSBC one is 0.15% still.