VWRL different values in different european countries

For investors outside the US. Personal investments, personal finance, investing news and theory.
Sister forums: Canada, Spain (en español)
---------------
Post Reply
Topic Author
Siaigi
Posts: 98
Joined: Sun May 17, 2020 4:24 am
Location: Italy

VWRL different values in different european countries

Post by Siaigi »

:-?

I noticed that a stock like VWRL, whose base currency is USD, have slightly different variations depending
on the European exchange - that is always Euro - in which they are traded.

For example, a short while ago on the Milan stock exchange it was worth 99.33 euros while at that of Amsterdam it was worth 99.40 euros.

Is this influenced by the local sale / purchase which will then affect in less rapid times -it is an index fund - the overall value of the fund?
Valuethinker
Posts: 44529
Joined: Fri May 11, 2007 11:07 am

Re: VWRL different values in different european countries

Post by Valuethinker »

Siaigi wrote: Fri May 13, 2022 8:21 am :-?

I noticed that a stock like VWRL, whose base currency is USD, have slightly different variations depending
on the European exchange - that is always Euro - in which they are traded.

For example, a short while ago on the Milan stock exchange it was worth 99.33 euros while at that of Amsterdam it was worth 99.40 euros.

Is this influenced by the local sale / purchase which will then affect in less rapid times -it is an index fund - the overall value of the fund?
Is this not the ETF?

ETFs are shares and trade like them (baskets of stocks).

So you will get a bid-ask spread, and you will get small differences in prices between markets because arbitrage is not taking place for some reason.

For example it's Friday afternoon, so the people at the big banks who might have arbitraged the discrepancy may just have taken the afternoon off.
Topic Author
Siaigi
Posts: 98
Joined: Sun May 17, 2020 4:24 am
Location: Italy

Re: VWRL different values in different european countries

Post by Siaigi »

Valuethinker wrote: Fri May 13, 2022 8:25 am
Is this not the ETF?
Yes it is! Thank you


....now we should dispute which countries is more lazy on friday afternoon! :D
TedSwippet
Posts: 4199
Joined: Mon Jun 04, 2007 4:19 pm
Location: UK

Re: VWRL different values in different european countries

Post by TedSwippet »

Siaigi wrote: Fri May 13, 2022 8:21 am For example, a short while ago on the Milan stock exchange it was worth 99.33 euros while at that of Amsterdam it was worth 99.40 euros.
Unless you are comparing the bid or ask prices across the two, what you are looking at is the price at which the last trade occurred.

VWRL is liquid, but trades in it are nevertheless discrete events, and do not happen smoothly and completely simultaneously on every exchange on which it is listed. Where there is a VWRL trade on one exchange but not (yet) on the other, the price will update for the exchange on which the trade occurred, but not for the other exchange.
Post Reply