Yes, Vanguard are doing a great job.
This is from TrackingDifferences.com - ETF Tracking Differences and Performance
1 Like
Hello everyone,
noticed that there was a launch of a cheaper version of the FTSE All World ETF for 0.15%. Vanguard is 20BPs. Any thoughts?
Thanks
VT is 7bps though. What are you comparing to?
1 Like
Vanguard FTSE All-World has a TER of 0.22%. Manually combining Vanguard FTSE Developed World and Vanguard FTSE Emerging Markets brings the average TER down to 0.13%, though.
VT tracks FTSE Global All Cap, which is not identical, although reasonably close.
@Matchpoint Do you have a link to that Invesco ETF? I can’t find it in a quick search. There is the Invesco FTSE RAFI All World 3000 UCITS ETF but that tracks a different index (not market cap-weighted).
4 Likes
Competition’s always good. I’m waiting for Vanguard to decrease its TER anyways to that level.
Link: https://www.justetf.com/de/etf-profile.html?query=Invesco++ftse&groupField=index&from=search&isin=IE000716YHJ7#uebersicht
Only availble @xetra atm, no fund volume, IMO at the moment not really investable due that.
4 Likes
Thanks. It seems it’s not officially available to Swiss residents, which is why I couldn’t find it on the Invesco website. It’s on the German website, though:
https://etf.invesco.com/de/private/de/product/invesco-ftse-all-world-ucits-etf-dist/documents
It’s also traded on the London Stock Exchange (both in USD and GBP). The fund’s base currency is USD, same as VWRL.
There is no factsheet yet, so I don’t see how many holdings they have. Based on the description they are using sampling, unlike VWRL, which is (almost) fully replicating.
1 Like
So a new price war :)? Well to be honest if I can save over 20% of the fees I still would go with the cheaper option than to wait for Vanguard maybe to decrease the fees.
https://etf.invesco.com/ch/institutional/de/product/invesco-ftse-all-world-ucits-etf-dist/documents
It‘s not the best-performing index or the most tax-efficient fund domicile.
But if you want to invest in such an index with an European ETF, it seems a good choice.
(double post)
TER is only ‘half the truth’. The actual tracking difference is a more precise measure to determine how much a fund actually will cost you, as it is based on historical data.
Link: https://www.trackingdifferences.com/ETF/ISIN/IE00BK5BQT80
According to Trackingdifferences.com, VWCE had an average difference to the index it replicates of 0.03% since 2020. VWRL had even -0.02%. That’s a very good track record. I wouldn’t bet on the new Invesco fund to beat that with it’s 0.15 TER.
5 Likes
I’m considering buying it too. I will invest through SQ, it’s on the list of flat 9 CHF trades etc. Putting back the question of staying with SQ, instead of for example IB - are there any red flags regarding this one (traded in CHF)?
I see ICTax lists it only in USD - could it cause problems with tax declaration?
2 Likes
ICTax lists the internal fund currency, which is USD for many (if not all) common global ETFs. The tax value and dividend amount are available in CHF as well.
I’m not aware of any red flags with this ETF.
2 Likes
Invesco launched their fund that is now the cheapest World ETF
https://www.etf.com/sections/news/invesco-equity-price-war-europes-cheapest-all-world-etf
2 Likes
“The Invesco FTSE All-World UCITS ETF (FWRA) is listed on the Six Swiss Exchange”
So why am I unable to find it there and why doesn’t Invesco say so?
(Neither do they list the Swiss exchange don’t for the distributing shares)
*Europe’s
0.15% doesn’t sound cheaper than VT’s 0.07%.
1 Like
What I found an interesting and obviously overlooked news is
SSGA’s SPDR MSCI ACWI IMI UCITS ETF (SPYI) slashed its fees from 0.40% to 0.17% in March this year
However upon a closer look I don’t find it that interesting. It suppose to track MSCI ACWI IMI (global with small caps) index with 9000+ constituents, but the ETF itself has “only” 1974 holdings. Which is less than 2419 holdings of SPDR MSCI ACWI UCITS ETF (TER 0.4% p.a.), an ETF that tracks a smaller index without small caps, 2883 constituents.
No conclusion for now 
2 Likes
Barely anyone mentionned Amundi Prime Global/Amundi Prime Emerging Markets so far in this thread. 
Ticker PRAW / PRAM for 0.05% / 0.10%
The only downside in my opinion is fund domicile LU and the volume of the EM.
1 Like
I’m not particularly concerned about lowest expense ratio. It doesn’t necessarily buy Quality.
1 Like
I did 
LU domicile is a big negative. It’s more than 0.14% of extra “tax TER” (L1WT on the US part).
2 Likes