New listed ETF

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Topic Author
imperia
Posts: 143
Joined: Tue Feb 21, 2017 6:31 am

New listed ETF

Post by imperia » Thu Mar 07, 2019 3:37 am

My idea to present all new ETF on this topic:

SPDR has launched a new ETF – the SPDR MSCI World UCITS ETF.
It is Ireland domicile, use Physical (Full replication) , and has TER 0,12%.

The ETF is available to trade in euros on Xetra (SPPW GY), Borsa Italiana (SWRD IM), and Euronext Amsterdam (SWRD NA), as well as on London Stock Exchange in US dollars (SWRD LN) and pound sterling (SWLD LN). Income is accumulated within the portfolio.

https://www.etfstrategy.com/ssga-launch ... ope-95487/

I have used IWDA, but from now I will invest in SPDR MSCI World UCITS ETF (SWRD).
Last edited by imperia on Wed Mar 13, 2019 5:20 am, edited 2 times in total.

s8r
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Location: Northern Europe

Re: New cheap Msci World ucits etf

Post by s8r » Thu Mar 07, 2019 5:30 am

This is great news! More pressure for BlackRock to reduce the expense ratio of their MSCI World ETF (IWDA). :beer

Topic Author
imperia
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Re: New cheap Msci World ucits etf

Post by imperia » Thu Mar 07, 2019 5:48 am

We all need to start buying SWLD instead of IWDA to increase pressure on Black Rock, Xtrackers and others.
I will only accept TER below 0.12% for IWDA, because reducing from 0.2 to 0.12 is not enough.

DJN
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Re: New cheap Msci World ucits etf

Post by DJN » Thu Mar 07, 2019 5:57 am

Thanks, this is also an accumulating one which should be added to the EU investor options.

gargagnam
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Re: New cheap Msci World ucits etf

Post by gargagnam » Sat Mar 09, 2019 5:58 am

Out of curiosity, would you invest on this right away or would you wait some time to have a track record?

Topic Author
imperia
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Re: New cheap Msci World ucits etf

Post by imperia » Sat Mar 09, 2019 6:17 am

I will start to invest, SPDR is big ETF provider and AUM is allready 264 million euros.

stecka
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Re: New cheap Msci World ucits etf

Post by stecka » Sun Mar 10, 2019 2:24 am

Thank you for highlighting this ETF release! I have so far gone with IWDA but will start buying the US dollar version of this ETF on LSE (SWRD LN) instead going forward, as long as the bid/ask spread is not too bad. Hopefully there will be some liquidity soon.

s8r
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Location: Northern Europe

Re: New cheap Msci World ucits etf

Post by s8r » Sun Mar 10, 2019 4:04 am

BlackRock: If you are reading this, please lower the costs of IWDA. We are already paying you tens of millions annually with the current expense ratio. :happy

assyadh
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Re: New cheap Msci World ucits etf

Post by assyadh » Sun Mar 10, 2019 10:52 pm

Lyxor has a similar one, with a 0.12% ER and no lending of the shares

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BeBH65
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Re: New cheap Msci World ucits etf

Post by BeBH65 » Mon Mar 11, 2019 3:10 am

If I am not mistaken, the Luxor fund is domiciled in Luxemburg. Luxemburg has slightly less favourable tax treaties then Ireland. For instance a. Irish fund pays 15% us tax on us dividend, a Luxembourgish fund 30%.
BeBH65. (only an investment enthusiast, not a financial adviser, perform your due diligence). | Have a look at https://www.bogleheads.org/wiki/Outline_of_Non-US_domiciles

Topic Author
imperia
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Re: New cheap Msci World ucits etf

Post by imperia » Mon Mar 11, 2019 3:28 am

assyadh wrote:
Sun Mar 10, 2019 10:52 pm
Lyxor has a similar one, with a 0.12% ER and no lending of the shares
SPDR MSCI World UCITS ETF does not currently engage in securities lending.

I lake securities lending, IWDA has Securities Lending Return 0.03%

ICH
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Re: New cheap Msci World ucits etf

Post by ICH » Mon Mar 11, 2019 12:31 pm

assyadh wrote:
Sun Mar 10, 2019 10:52 pm
Lyxor has a similar one, with a 0.12% ER and no lending of the shares
As BeBH65 mentioned, this is domiciled in Luxembourg; so if you consider the tax withholding it becomes more expensive.

Why would a company domicile such a fund in Luxembourg? :oops: Why?

Topic Author
imperia
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Re: New cheap Msci World ucits etf

Post by imperia » Mon Mar 11, 2019 2:09 pm

All Lyxor fonds are Luxembourg or France domicile.
Ireland is far from France:).
Amundi fonds are also Luxembourg and France domicile.

Viva la France:)

nasaliscarvatus
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Re: New cheap Msci World ucits etf

Post by nasaliscarvatus » Mon Mar 11, 2019 4:05 pm

Regarding MSCI Emerging Markets- is there any difference in withholding taxes among IE and LU fonds?

TedSwippet
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Re: New cheap Msci World ucits etf

Post by TedSwippet » Mon Mar 11, 2019 6:08 pm

nasaliscarvatus wrote:
Mon Mar 11, 2019 4:05 pm
Regarding MSCI Emerging Markets- is there any difference in withholding taxes among IE and LU fonds?
Probably very hard to tell. From the outside you would have to compare the treaty rates (if any) for each Emerging Markets country with Ireland and Luxembourg.

A close reading of two comparable ETFs' annual reports, one domiciled in LU and the other in IE -- if you can find two such ETFs -- might provide a short-cut to this, as that should show you the amount of foreign tax paid. They would have to be directly comparable ETFs though; that is, hold pretty much exactly the same stocks in the same proportions.

Topic Author
imperia
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Re: New listed ETF

Post by imperia » Wed Mar 13, 2019 5:29 am

More good news and more disappointment.

Amundi has launched a suite of nine ultra-low-cost ETFs – branded ‘Prime’ – on Xetra that have been designed to provide investors with core portfolio exposures.
Consisting of five equity and four fixed income ETFs, each fund is directly replicated, linked to a Solactive index and comes with a total expense ratio (TER) of just 0.05%

https://www.etfstrategy.com/amundi-intr ... tfs-65487/

They are:
Amundi Prime Europe UCITS ETF
Amundi Prime Eurozone UCITS ETF
Amundi Prime Japan UCITS ETF
Amundi Prime USA UCITS ETF
Amundi Prime Global UCITS ETF
Amundi Prime Euro Corporates UCITS ETF
Amundi Prime Euro Govies UCITS ETF
Amundi Prime Global Govies UCITS ETF
Amundi Prime US Treasury UCITS ETF

All this ETFs are Luxembourg domicile, and that is problem if ETF hold USA stocks, like: Amundi Prime USA UCITS ETF
Amundi Prime Global UCITS ETF.
What's wrong with the French ETF providers?
Whether it is ignorance or,...?

lutherbliss
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Re: New listed ETF

Post by lutherbliss » Wed Mar 13, 2019 5:37 am

Are these accumulating or distributing?

retribution
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Re: New listed ETF

Post by retribution » Wed Mar 13, 2019 11:41 am

Hi,

I looked at this ETF on many platforms and there is not much information on the bid/ask spread.

The volume seems to be non-existent on the charts and the bid/ask brokers screen.

Is there something wrong? or would it take a long time for it gain any volume?

Should I only invest after it has gained some volume?

Appreciate anyone views on this.

Thank you in advance for your help. Much appreciated.

assyadh
Posts: 41
Joined: Tue Sep 18, 2018 12:44 pm

Re: New listed ETF

Post by assyadh » Wed Mar 13, 2019 5:06 pm

I don't know for sure if there is any difference at all. The tax treaties rates are similar between Ireland and Luxembourg, (15/5%)

See https://www.irs.gov/pub/irs-utl/Tax_Tre ... 19_Feb.pdf

Also, the Amundi ones are distributing dividends, so for most investors it's a problem.

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BeBH65
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Re: New listed ETF

Post by BeBH65 » Wed Mar 13, 2019 5:49 pm

Make sure you look at the rates paid by Luxembourgish/Irish investment funds on dividends distributed by us companies.

If I remember correctly individuals in Ireland and Luxemburg pay 15%. Irish funds also, but Lux funds pay the standard 30%.
BeBH65. (only an investment enthusiast, not a financial adviser, perform your due diligence). | Have a look at https://www.bogleheads.org/wiki/Outline_of_Non-US_domiciles

Dottie57
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Re: New cheap Msci World ucits etf

Post by Dottie57 » Wed Mar 13, 2019 5:51 pm

imperia wrote:
Thu Mar 07, 2019 5:48 am
We all need to start buying SWLD instead of IWDA to increase pressure on Black Rock, Xtrackers and others.
I will only accept TER below 0.12% for IWDA, because reducing from 0.2 to 0.12 is not enough.
Is TER basically expense ratio?

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BeBH65
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Re: New listed ETF

Post by BeBH65 » Wed Mar 13, 2019 5:59 pm

TER: Total Expense Ratio.
But still excluding some expenses as internal transaction costs, and also excluding elements like income from lending.
BeBH65. (only an investment enthusiast, not a financial adviser, perform your due diligence). | Have a look at https://www.bogleheads.org/wiki/Outline_of_Non-US_domiciles

assyadh
Posts: 41
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Re: New listed ETF

Post by assyadh » Wed Mar 13, 2019 6:08 pm

BeBH65 wrote:
Wed Mar 13, 2019 5:49 pm
Make sure you look at the rates paid by Luxembourgish/Irish investment funds on dividends distributed by us companies.

If I remember correctly individuals in Ireland and Luxemburg pay 15%. Irish funds also, but Lux funds pay the standard 30%.
You are right, I just found an explanation from KPMG. 30% for lux, 15% for IE

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BeBH65
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Re: New listed ETF

Post by BeBH65 » Wed Mar 13, 2019 6:19 pm

Could you post the URL for future reference.
I lost the reference that I found before.
BeBH65. (only an investment enthusiast, not a financial adviser, perform your due diligence). | Have a look at https://www.bogleheads.org/wiki/Outline_of_Non-US_domiciles

assyadh
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Re: New listed ETF

Post by assyadh » Wed Mar 13, 2019 8:36 pm


Topic Author
imperia
Posts: 143
Joined: Tue Feb 21, 2017 6:31 am

Re: New listed ETF

Post by imperia » Thu Mar 14, 2019 7:20 am

retribution wrote:
Wed Mar 13, 2019 11:41 am
Hi,

I looked at this ETF on many platforms and there is not much information on the bid/ask spread.

The volume seems to be non-existent on the charts and the bid/ask brokers screen.

Is there something wrong? or would it take a long time for it gain any volume?

Should I only invest after it has gained some volume?

Appreciate anyone views on this.

Thank you in advance for your help. Much appreciated.
Amundi Prime ETFs are launched on Wednesday 13.03.2019. so just one day ago.

retribution
Posts: 2
Joined: Wed Mar 13, 2019 11:35 am

Re: New listed ETF

Post by retribution » Thu Mar 14, 2019 7:55 am

Hi,

Apologies my mistake. I was referring to SPDR® MSCI World UCITS ETF SWRD

It was listen o 04 March 2019.

Does it take like few months to build volume?

Pardon my newbie questions. I'm new at this.

Thank you for taking the time to reply to my query.

Much appreciated.



imperia wrote:
Thu Mar 14, 2019 7:20 am
retribution wrote:
Wed Mar 13, 2019 11:41 am
Hi,

I looked at this ETF on many platforms and there is not much information on the bid/ask spread.

The volume seems to be non-existent on the charts and the bid/ask brokers screen.

Is there something wrong? or would it take a long time for it gain any volume?

Should I only invest after it has gained some volume?

Appreciate anyone views on this.

Thank you in advance for your help. Much appreciated.
Amundi Prime ETFs are launched on Wednesday 13.03.2019. so just one day ago.

Topic Author
imperia
Posts: 143
Joined: Tue Feb 21, 2017 6:31 am

Re: New listed ETF

Post by imperia » Thu Mar 14, 2019 8:09 am

AUM is 265 millions euros, so I hope volume will come soon.

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