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Vanguardâs official website shows 0.07 TER.
Maybe some kind of data not a jour or miss synced.
Morningstar also display 0.07.
They likely include internal transaction costs (2 bps as in the KID).
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Another question about VALL/VALLD
I find myself long USD/very short EUR.
If I buy VALL in USD on Swiss exchange via Saxo, itâs still IE domiciled and out of IRS reach?
What has your view on USD and EUR to do with the trading currency of the ETF your buying?
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Yes.
Look up VALL on Saxo: we can buy in EUR (X2), GBP or USD.
The rest should be obvious in my previous question
The domicile of the funds is IE, ergo Vanguard Ireland.
Ăgal on which platform or currency you buy, the domicile stays IE. Brokers provide access from many different currencies and jurisdictions to the funds. Thatâs it.
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Thanks, I just wanted to make sure that my holding in Saxo isnât tied up in any US estate quagmire.
I really have a hard time imagining how you would even think that this could be the case?
And youâve demonstrated why people donât engage on forums any more.
Iâve asked my questions, now I will delete my account so I donât have to suffer the smug
That escalated quickly
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Eeeeverybody likes muddy puddles, and a quick forum escalation.
Hi,
Tried setting up a recurring investment in VALL on IBKR but this results in an error (not eligible to trade in fractions). Any ideas from the community?
thx
Have you tried contacting support, asking them to include it?
For European exchanges the product needs to have a certain minimum trading volume to be available for trade in fractions. VALL probably did not yet reach that, because it is new.
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The launch of VALL makes choosing a âone-stopâ ETF solution much easier, in my perspective.
However, selecting the ârightâ broker remains a challenge. As always, there is no perfect âall-in-oneâ solution that combines a Swiss jurisdiction, zero custody fees, low transaction costs, and maximum safety.
Here is my breakdown for trading VALL on SIX in CHF:
- IB
- US/UK-based, i.e. no Swiss stamp duty.
- Fees: 0.05% commission (1.50 CHF minimum for tiered, 5 CHF minimum for fixed pricing): This is highly acceptable for small amounts but becomes expensive for larger order sizes.
- Degiro
- Germany- based, i.e. no Swiss stamp duty.
- Fees: 2 EUR comission + 1 CHF service fee, making it very affordable.
- How safe is Degiro really? Their reputation on this forum doesnât seem to be the best.
- Saxo
- Swiss branch, i.e. Swiss stamp duty of 0.15%.
- Fees: 0.08% commission (3 CHF minimum): This is quite expensive compared to IB and Degiro.
The cost optimization becomes very practically irrelevant with the levels we have right now. Letâs just say buying VALL at IBKR, even with currency conversion costs you like 100 CHF a year - even over 40y with compound interest, itâs just not going to make a meaningful difference anymore. Sure, free is free and thatâs great, but I personally think IBKR has the best package, because itâs also the most flexible and cheapest margin provider you probably have access to. (Outisde of a SAXO platinum package - although idk how much leverage they practically allow you to use).
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Itâs probably too new. Liquidity should be sufficient. Give it a few weeks.
Itâs over a billion in aum, it has more than enough volume already. Other way smaller funds are eligible for example.
Iâm 99% itâs just literally because it is very new and will be available soon.
They probably have a minimum number of trading days requirement.
Itâs product dependant and looks somewhat arbitrary.
For most stocks ETFs, itâs currently 25% margin requirement (x4 leverage allowed) but I expect it to fall during a crash (Iâm limiting my max expected leverage to x2)
For bonds ETFs, it varries between 100% (no leverage allowed) and 25% with most at 50% (x2 leverage allowed). For individual bonds, the safests are at 5% margin requirement.
For gold ETCs, itâs 100% margin requirements for most, with 75% for some and 50% for a very handful few. There again, I expect tightening during a market crash.
Maintaining Platinum package requires a non neglictible sum of assets under management, heavy trading or a mix of the two. Iâll have numbers next month.