Accumulating European VT

On IBKR, you can purchase VALL@LSEETF (London Stock Exchange) in USD currency.

The ETF is also available in Distributing version: VALLD
 

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It's pretty much available in all standard currencies (which means not yet CHF of course :-( )

Accumulating Version:1787666679844.png

Distributing Version:
1787666717073.png
 
Coming back to my comment in the other thread: "my understanding is that if your marginal personal income tax rate goes below 15%, you will actually lose money with VT because the 15% are also withheld on dividends from non-US companies." You therefore end up with non-reclaimable withholding taxes on non-US countries, while (at least to my understanding) UCITS funds have less withholding tax.
I would be highly interested in a deep dive of a full cost comparison, including withholding tax, between VT and VGLA / VALL[ for Swiss investors. As mentioned in the other thread, I could imaging VGLA / VALL becoming the cheapest option for investing in an all-world product for some Swiss investors.
 
Hello,
Any update on VALL ? Am considering it as an alternative to VWRL as I simplify my portfolio and am wondering what your thoughts are as its volume has grown quite a bit since last month.
Should I replace my VWRL plan by VALL or is it too early for a large portfolio?
Note that VT isn’t an option for me (too much of a burden on my family if I die - not my plan but who knows?).
Thanks !
Sjs
 
VALL is now available at many brokers (e.g., Swissquote, IBKR, neon, Saxo, and DEGIRO) and has reached a critical mass with a fund size of €1.5 billion (compared to €23 billion for VWRL). I think it is safe to start investing in VALL.
 
Now considering the significantly better options since a few months with WEBN (Amundi), ALLW (Xtrackers) and VALL for European global ETFs, what is your view? All eggs in one basket and single fund portfolio or diversifying fund providers as well and keeping two (WEBN and VALL) for example?
 
BPH said:
All eggs in one basket and single fund portfolio or diversifying fund providers
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As always, it depends on your risk profile. As for me, I'm happy to consolidate my funds as much as possible and consider it a very low risk to use Vanguard as my sole provider of a world ETF.
 
gaijin said:
As always, it depends on your risk profile. As for me, I'm happy to consolidate my funds as much as possible and consider it a very low risk to use Vanguard as my sole provider of a world ETF.
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Same for me, I think that fund provider diversity is getting one step too far.

But as usual, if it helps you sleep, go for it :)
 
gaijin said:
I think it is safe to start investing in VALL.
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For my mother's portfolio, I started exchanging some VT for VALL on IBKR. Some points I only realized in hindsight:
  • According to IB, the ticker for this ETF on LSE is VALD.
  • On IB there is a minimum commission of USD 3.31 for each trade (VALD on LSE). Also, buying VALD for the amount of USD 20k costs USD 10 in commission. This makes it less attractive for regular monthly investing on IB. Maybe, Swiss or European brokers are cheaper than IB for such trades.
 
gaijin said:
For my mother's portfolio, I started exchanging some VT for VALL on IBKR. Some points I only realized in hindsight:
  • According to IB, the ticker for this ETF on LSE is VALD.
  • On IB there is a minimum commission of USD 3.31 for each trade (VALD on LSE). Also, buying VALD for the amount of USD 20k costs USD 10 in commission. This makes it less attractive for regular monthly investing on IB. Maybe, Swiss or European brokers are cheaper than IB for such trades.
Click to expand...
In my test, for non-US ETFs, IB has indeed less of an advantage but remains competitive. It will all depend on the size of the order.
 
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