New Vanguard World funds with 0.07% TER VGLA / VALL

Thanks, I hadn’t seen that there was already another All world ex US ETF (AWEX from Xtrackers just laumched in April this year, TER 0.15%), I’ve completed my previous post.

VXUS is the ticker for the new UCITS Vanguard All world ex US ETF… and also of one of the American Vanguard ex US ETFs called Total International Stock ETF ( the other American one is VEU Vanguard FTSE All-World ex-US), so yes quite confusing!

Hi Cortana,

Nice to e-meet you.

Thanks for reaching out and your interest in our ETFs.

Whilst they can be bought in USD already, we are aiming to have them cross listed in CHF asap, most likely sometime in the coming weeks.

Shall I give you a quick heads-up once this is the case?

Kind regards,
Lukas

Nice. Looking forward to buy VXUS Ucits soon.

6 Likes

Nice this will solve the issue of liquidity and auto investment into fractionable share I have with AWEX !

Not sure what you mean by share class, but it is traded in EUR and GBP.

1 Like

Is it because your broker has high currency conversion rates?

So you’re saying they did not respond to an inquiry from noob_destroyer_69 @ yahoo . com? :astonished_face:

6 Likes

No, I can trade FX with interbank rates (employee benefit), so conversion is not an issue. But maybe I will also just stay with USD since 1) the volume is higher and 2) I can‘t set up recurring investments with my bank/broker.

Perhaps I formulated it in an unclear way. The fund doesn’t have EUR and GBP share classes (Vanguard promised a Euro-hedged one, I am not sure if it’s live). The fund is listed and traded in EUR and GDP, meaning that Authorized Participants take care of currency exchange. When you buy in Euros, and new shares must be created, your Euros are converted into Dollars behind the scene. The fund’s currency is dollar.

Yes very strange. Sent it from masterchief117@gmail.com and got no reply for days. Then from my work email and got it after 20 minutes lol.

Btw does anybody know if there is a FX markup when buying an ETF in a different trading currency than its base one? My FX fee is 0.17% on interbank rates, so I need to know what the better deal will be.

Edit: I checked with VWRA. Spread is 0.02-0.04 USD and 0.10-0.12 CHF. So roughly 0.05% loss on worse spread in CHF. I expect the same for VXUS UCITS.

5 Likes

I’m sure the “wealthmanager@bigbank.ch” part of the equation played no role at all either. ^^ Thanks for being our link to fast replies from Vanguard. :slight_smile:

5 Likes

18 Likes

Hehehe! Very good!!

I intend to sell my IWDA + EIMI shares holding in EUR at Degiro and buy VALL at Degiro or IB.

What would you do?

  • Sell, keep the cash in EUR (to avoid 0.25% conversion fee) and buy VALL in EUR at Euronext at Degiro.
  • Transfer the shares to IB (costs?), sell, exchange EUR to CHF and buy VALL at SIX.
  • Or something else?

What is your base currency now and in the future?

What volume are we talking about (peanuts or painfull fees)?

My base recommendation would be to wait untill VALL Acc Chf is listed, then sell your old position in Eur and swap to Chf. For which Exchange, others already posted some very good reviews on this forum.

3 Likes

Also, what are you pursuing by having both an IBKR and Degiro account? The answer could matter for your decision.

My base currency is and will be CHF. The volume is more than 100k EUR, i.e. currency exchange to CHF would cost a few hundreds EUR at Degiro. That`s why I hesitate.

I use two brokers as “diversification”. If there is any issue (account blocked or hacked) with one account, there is still the other one.

2 Likes

You could sell, buy with Euro on Degiro Vall Acc Eur and forget it. Then later with new money buy on Ibkr Vall Acc Chf.

I’d definitely transfer if you intend to switch anyway. You save costs in the future that way also.

3 Likes

I would also switch currency to CHF now. Depending on the fees, sell on Degiro and transfer. There is probably no way to transfer EUR from Degiro to IB, so you transfer the ETFs to IB and sell them there, then convert to CHF.

(post deleted by author)

1 Like

If you want to be safe, you’ll need to be on a margin account (settlement won’t match otherwise).

4 Likes