NACH funds disclaimer meaning?

Hi everyone

Every time I buy this ETF: Vanguard FTSE All-World UCITS ETF on SQ there is this disclaimer that I have been accepting but haven’t really understood… I know I know…

Could you help me understand and if there is something I need to do differently?

Thank you!

This is the disclaimer:

“I accept the Terms and conditions relating to investment funds not authorised in Switzerland and, in particular, the fact that the NACH funds cannot be distributed in Switzerland.”

Do you buy the Vanguard FTSE All-World UCITS ETF on the SIX in CHF ?

Hm good question. I transfer CHF’s to my account then buy the ETF’s, its then automatically converted to GBP’s if I’m not mistaken.

The Vanguard FTSE All-World UCITS ETF is traded with the same name on different exchange and in different currency:
https://www.vanguard.co.uk/adviser/adv/loadPDF?country=UK&docId=1011

Maybe you bought the wrong one ? If you bought the fund on the SIX, it is in CHF, no currency conversion needed.
I would advise buying the fund in CHF on the SIX or in USD (as it’s the base currency of the fund) on the LSE.

Did you ever find the reason for this disclaimer?

I get the same disclaimer on SQ when I buy VWRD (USD) on LSE…

By reading and partipating to this forum, you confirm you have read and agree with the disclaimer presented on http://www.mustachianpost.com/
En lisant et participant à ce forum, vous confirmez avoir lu et être d'accord avec l'avis de dégagement de responsabilité présenté sur http://www.mustachianpost.com/fr/