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Vanguard Launches Three New Global ETFs
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There is no good reason to diversify between fund managers. The successor to that fund is less diversified than VALL and is not significantly cheaper. It also tracks an unpopular index. It is best not to mix indexes. Vanguard is much more popular than Amundi in the UK, and much bigger globally.
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I still can't see it on Freetrade. Is is actually available to trade or just marked as due to become available sometime in the future?
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You may be right - I'm just feeling a bit uneasy about them based in a country $40 trillion in debt, run by a convicted felon and 6 times bankrupt with a Reverse Midas Touch. Although I understand Vanguard is domiciled in IRL
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The two funds will have almost the same US allocation. It has already been pointed out that PRIW is no more and has been superseded by another Amundi fund.
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How are you finding them? Tried app and website but can’t find them still.
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Logged into my Scottish Widows (formerly iweb) account on my desktop. Went to the dealing screen, entered the tickers (e.g. VALL) and clicked verify and up they came. I had done the same the day before and they weren't there. Just tried again and this is a part screen print for VALL from a few minutes ago.
I came, I saw, I melted2 -
369.75 - 369.95 is a tight spread for VALL. The premium is showing as 0.4% though:
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Thanks I see them on app or web if going to buy I was searching ETFs and trying the research options, which didn’t find them.
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Amundi MWOZ follows the same index as the defunct fund and has same TER 0.05%, so I suspect one was closed due to the duplication. However these are not comparative to VALL, so really are not a comparison.
These follow the Solactive GBS Developed Markets Large & Mid Cap Index, and differs from VALL in two important factors:
- Firstly it's just Large and Mid Cap, no small cap, so 85% of the investable market rather than the whole investable market. It's why the FTSE All-World index (which is Large and Medium companies) has over 4000 companies where as the FTSE All-Cap )which includes small cap) has over 10,000
- Secondly it's not an all world but a developed market, so leaves out emerging markets like India.
The US market is massive and dominates, currently, the various global index funds, can be 60-70% US. So if looking at the main US companies, then why not just invest in an S&P500 fund as they can be 0.03%. Though if wanting a global, then if you didn't mind 2 funds, pair a S&P with the new ex-US Vanguard fund - a 70:30 split gives a TER of 0.057% and 60:40 gives 0.066% which gives you the all-world Large and Mid including emerging markets, so effectively VWRP for less than half the cost.
The question everyone needs to ask before switching funds, is what does it cover and is it what I want. For the last 20 years the All-Cap index (that VALL uses) has performed worse than the All-World (that VWRL uses) and if both funds had been around you'd make more with VWRL (despite it's higher 0.14% TER). This is because US large stocks have done so well and VWRL holds slightly more of them. This might not continue and we might see small stocks out perform, no one can say.
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Just checked and it's been acknowledged as coming but subject to internal checks. Given Freetrade just use small number of intermediaries, maybe they are waiting for liquidity to improve. Sorry if I got your hopes up 😄
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