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It is outrageous that the eu is effectively blocking its citizens access to products like spyder snp500 etf which is a far cheaper and more liquid etf than what
by chvid 7y ago
It is outrageous that the eu is effectively blocking its citizens access to products like spyder snp500 etf which is a far cheaper and more liquid etf than what is offered on the European markets.
- seppel 7y agoI'm an EU citizen and I can buy, e.g, the iShares Core S&P 500 UCITS ETF (ISIN IE0031442068) which gives me access to the S&P 500 and is as cheap as it can get.
- chvid 7y agoThe spy etf has better liquidity and (probably) lower costs.
- pmyteh 7y agoMaybe the liquidity (though for a buy-and-hold retail investor the iShares has plenty) but the costs are comparably minuscule for both: <0.1% pa.
- seppel 7y agoThe iShares one is actually cheaper (TER of 0.07% vs. 0.09%) but it seems its tracking difference is worse (for the last years), so it seems the SPDR performs better. However, you can also buy the Vanguard S&P 500 UCITS ETF in Europe, which has also has a TER of 0.07% but an even better tracking difference than SPDR. I don't think liqudity is a problem for such huge funds.