So not so simple (thatâs the thing I also donât know, UCITS are more expensive, might want to split US vs. not and get a synthetic US one, etc.)
Also some people have 7 digits portfolio split across brokers (some brokers I donât want to trade with because the cost would be really high, so need to also transfer back to IB. So not so trivial and might need to plan ahead
Yes, and would stay that way as itâs the country of our domicile which decides that. I was more worried about internal costs being miracled to mirror a CGTs but will look up what @nabalzbhf mentioned. In fact I saw something about the Vanguard patent on reddit today but didnât have time to check it.
I think about similar combination, but using state street:
SPPW+EIMI+WSML.
Just donât understand why SPPW (most liquid large caps) still do some sampling for a fund of 11 bln Euro.
Or on FTSE Vanguard side VHVE (FTSE developed)+VFEM (FTSE emerging)+WSML. I like Vanguard, but this combination would require an ugly mix of FTSE and MSCI indices.
Well.
Itâs not so simple. Today we donât see CGT because of the treaty DTAA.
Even with ETF route, if US wants to tax foreign investors for CGT in US, then we as investors would incur a tax too but this most likely would only happen when ETF itself redeems the units. And hence it would move the NAV of ETF up and down.
This is quite visible in ETFs tracking India. They continuously need to âprovisionâ for capital gains tax that can incur because you never know when they need to sell the underlying units.
I was just promoting European provider
This is my personal goal for 2025 to support European ETF providers as much as possible
SPDR route can be ** SPDR ACWI + WSML**
You might be too much worried about sampling. If you look at SPDR ACWI stock list, itâs too many stocks. I donât really think that the ones they exclude really are material ones. They might just add to cost and not much to returns.
If that happens, there wouldnât be much to move around. Market would be down 50% if foreign capital is frozen because it would simply mean no more foreign money gets in
SPYI has now 3 705 stocks while the index has 8 600.Tahtâs quite a sampling; tracking error is 0,52%. No thanks (this is likely an autistic index purity pursuit on my part
I had the same thought ages ago. While VT having âeverythingâ (in fact VTI+VXUS have about 3000 more) Iâm personally not worried that VWRLâs sampling will miss some crazy hidden diamond stock from Lesotho which will become the new Microsoft. If it is in line to become a new Microsoft itâll be picked up soon enough. Fun fact, as an ignorant white guy I looked up Lesothoâs stock market. There isnât one, HOWEVER Lesotho companies can be listed in South Africaâs stock market which has, apparently, beaten the S&P500 on a 100-year basis (along with Australia). That said, I understand someone wanting to sleep better knowing they truly bought the haystack.
So it may not be so simple but itâs also not unthinkable, and thereâs precedent and mechanism to do it.
A straight 31% on all US imports, regardless if nature⊠plus tax on digital services provided from abroad - that will be good enough. We can loudly declare we reduced to 31% and ask trump if he wants to cut back to 50% or so - whilst their export goes to zero.
Question: does anyone know an alternative to Google search?
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