ETF Premium Question [UK]

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Maximiser
Posts: 1
Joined: Thu Oct 26, 2017 2:08 pm

ETF Premium Question [UK]

Post by Maximiser » Thu Oct 26, 2017 2:17 pm

Hi All,

UK Investor here.

I have maxed out my tax free & pension allowance for this year but still have some more money to invest.

As I don't want to be paid dividends which I would be taxed on, I need an S&P 500 ETF that reinvests without paying them. That rules out the Vanguard funds.

The iShares Core S&P500 GBP does exactly what I need, but upon checking the page it says the Premium is 70.67% https://www.youinvest.co.uk/market-research/LSE:CSP1

Why is the Premium so high?

Cheers
Kirk

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