New Vanguard World funds with 0.07% TER VGLA / VALL

I really don’t think that this will be a problem in the case of Vanguard - the fund will grow, albeit more slowly than the acc version - as the acc version is tax advantageous in certain EU countries. And you will just buy your shares from a market maker after a waiting period.

I also own VWRD in USD at LSE - it has like 30K stocks traded a day tops - still always get good execution.

ETF shares can just be created via market makers, so liquidity is almost irrelevant.

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I used to own VWRL CHF long time ago, and the liquidity was terrible. But yeah, after some wait time, the order would get filled.

What’s your strategy with VWRD? You just place a limit at BID? Or in the middle between bid and ask?

Limit order and mid price - but you could probably price it lower as well.

In my opinion, the orders gets filled in batches, so if I wait 15-30’ it always gets executed. As this is an ETF, this is fast enough.

I like the new VALL(D) and aim to switch from VWRL in my portfolio. Strangely, through Swissquote I can trade VALL(D) at SIX in USD, through IBKR I can’t trade VALL(D) at SIX at all. Anyone having any info on that? Is this just because it’s still so new?

Why do you want to trade it at SIX? Just buy it at LSE in USD. Specifically wanting it at SIX only really makes sense for CHF.

You can switch exchange anytime anyway.

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Exactly! I prefer buying my ETFs in CHF.

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So did nobody get a response yet from Vanguard?

Then the reason is that there is no CHF class yet :slight_smile:

Of your other broker makes you able to buy it in CHF, they do the conversion for you.

I was waiting on you @Cortana to give us an update about VALL Acc CHF

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It goes fast

No reply yet :frowning:

Having realized that I’m not the only one asking about a CHF traded VALL(D), I went ahead and checked Vanguard’s disclosures. And bad news: CHF isn’t coming. They set it up with USD at SIX, contrary to older/other ETFs they are offering.

So Swissquote is working as intended with VALL(D) in USD, don’t know why IBKR isn’t even offering that yet, but likely just a matter of time. Of course, there is also no need to trade at SIX if you trade USD anyway.

Too soon to really tell.

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There will be no CHF share class. As there is no EUR nor Pound share class. Market makers can trade it in the corresponding currency and take care of FX themselves.

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Well then SIX just have to offer the funds in CHF on their own?

I‘ll wait for the switch till this is clear.

Got feedback from Vanguard, I will copy paste the reply regarding my question, if they plan to set up a CHF-based version of VALL and VALLD:

„[…]

Thank you for your enquiry and your interest in the new Vanguard FTSE Global All-Cap ETF.

We are in the process of listing the ETF on SIX with CHF as trading currency as well. This is expected to take place within the next few weeks.

We will be happy to inform you once this is the case.

Best regards,

[…]“

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Therefore, buying VALL in CHF makes sense whereas I personally would not buy VALLD through SIX in CHF, since the dividends are paid in USD.

I bought a batch in USD, but will probably continue with the CHF option then.

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Yeah, that’s the thing - with IBKR it’s irrelevant anyway since you’ll have to do FX, one way or the other :sweat_smile:

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I just asked them about the exUS ETF too. With my work email this time lol.

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Amazing, thank you!