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Member
S&P 500 (Smartshares)
Hi all, due to the difficulty now opening up a overseas account. Re: smartshares there is a 0.35% charge. If I buy this with ASB that is possible right, is there a fee charge still?
Cheers.
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Member
Originally Posted by rayonline
Hi all, due to the difficulty now opening up a overseas account. Re: smartshares there is a 0.35% charge. If I buy this with ASB that is possible right, is there a fee charge still?
Cheers.
Yes I believe so, smartshare take their cut after vangard take theirs. So its actually more like 0.35+0.04. - I don't think there is a better way in NZ?
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Originally Posted by FIsaver
Yes I believe so, smartshare take their cut after vangard take theirs. So its actually more like 0.35+0.04. - I don't think there is a better way in NZ?
Can you not buy the Vanguard instrument directly on the ASX though? I see you cannot, however Vanguard do offer the Total US market (VTS) at .05% of a fee and another product (Code SPY) is a S&P exchange traded index.
http://www.asx.com.au/products/etf/m...oduct-list.htm
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Member
There are a number of Vanguard ETFs that you can buy on the asx via ASB online?
https://static.vgcontent.info/crp/intl/auw/docs/performance/ETFPerformanceSummary.pdf
also ishares
https://www.blackrock.com/au/individ...C43624%7C43632
Just pay the usual ASB transaction fee
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Junior Member
I believe you can also buy this stock (and others) directly via Halifax in NZ, and only pay the brokerage fees (perhaps someone could confirm this).
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Junior Member
Originally Posted by blackcap
Can you not buy the Vanguard instrument directly on the ASX though? I see you cannot, however Vanguard do offer the Total US market (VTS) at .05% of a fee and another product (Code SPY) is a S&P exchange traded index.
http://www.asx.com.au/products/etf/m...oduct-list.htm
Are you talking about ASB Securities and their fees as at: www.asb.co.nz/asb-securities/rates-and-fees.html
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Originally Posted by NZT
No I am talking about buying the vanguard product on the ASX. If you wish to use ASB, ANZ, First NZ Capital, Craigs or any other broker that is your choice.
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Member
It's pretty easy to get an Interactive Brokers account - I use these to buy Vanguard ETFs on the NYSE. Low transaction charges (but a USD10 monthly charge if you hold less than USD100,000).
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Junior Member
Originally Posted by kiwico
It's pretty easy to get an Interactive Brokers account - I use these to buy Vanguard ETFs on the NYSE. Low transaction charges (but a USD10 monthly charge if you hold less than USD100,000).
are there any accounts that don't charge a monthly fee?
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Member
You can use investnow to invest into the Smartshares S&P 500 fund for free. They charge no fees for buy/sell orders, nor any other maintainance fees.
I've been using them for a few months now and have investments in multiple passive index ETFs through them including the Smartshares S&P 500.
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