IWDA doesn’t give dividends. And if they do, they are in USD. Am I missing something?
The currency the fund is traded in has absolutely zero bearing on its return. Only its holdings are relevant
There is probably also a shareclass of the same fund traded in USD on a different stock exchange like LSE. They will have the EXACT same return comverted in each others currencies.
It‘s like the difference between selling a bar of gold in € or USD. There is no difference.
Only difference is you either having to do another conversion step or not.
No you are not
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Let’s try with a visual example:
See? The Coca Cola is your ETF. You can buy it in CHF or in EUR, but at the end it’s the same “stuff”. Sometimes if you go at some discount stores in Switzerland, you might even find a Coca cola bottle that was bottled elsewhere ( Poland I think).
Same stuff but sold on different markets.
The dividend of that bottle is always the same: 1L liquid, exactly like the ETF there. The only slight difference is that some banks do the conversion for you and you might think that the ETF has a dividend in CHF but instead is the bank that did the exchange.
[Side note for the pickiest: I know the drink is not really the same]
[Side note2: I took two different sizes and number of bottles, I hope that will not confuse you]
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And other than Coke, not at more than 2.5 times the price despite a -44% special offer 