I'm interested in accessing US ETFs. If anyone is able to advise on how this might be done (in the wake of the PRIIPs legislation placing barriers on access to US ETFs from Europe), I'd be interested to hear in the process. I am led to believe that it can be done, but with perhaps some more complications than in the past ....
I would want to invest in ETFs and re-invest dividends (as far as I am aware, all US ETFs must distribute, there are no Accumulating US ETFs)
My questions would be
1) Which broker allows Irish clients to deal through them?
2) How reputable are such brokers? (I'm not looking for some fly-by-night start-up)
3) How onerous is the foreign exchange process, changing my Euros into dollars?
4) Will the broker do the foreign exchange, or do I need to use a third-party? Again, I'd only be interested in reputable organistaions for this.
5) If a third-party foreign exchange company is used, will the US broker allow this? I have a feeling that some will not allow lodgements from such a third-party ....
6) How straightforward is it to get money out of the US?
7) Is it a lot of hassle to go the US ETF route, or would I be as well investing in an Accumulating EU UCITS ETF? I am thinking here of the added hassle of re-investing dividends.
8) Is there a danger that the broker may decide, in the future, that they are no longer allowing EU clients to trade with them? I think some may have decided, in the wake of PRIIPs, to do this, changing the goalposts overnight, as it were.
9) Any more observations/thoughts?
Thanks!
I would want to invest in ETFs and re-invest dividends (as far as I am aware, all US ETFs must distribute, there are no Accumulating US ETFs)
My questions would be
1) Which broker allows Irish clients to deal through them?
2) How reputable are such brokers? (I'm not looking for some fly-by-night start-up)
3) How onerous is the foreign exchange process, changing my Euros into dollars?
4) Will the broker do the foreign exchange, or do I need to use a third-party? Again, I'd only be interested in reputable organistaions for this.
5) If a third-party foreign exchange company is used, will the US broker allow this? I have a feeling that some will not allow lodgements from such a third-party ....
6) How straightforward is it to get money out of the US?
7) Is it a lot of hassle to go the US ETF route, or would I be as well investing in an Accumulating EU UCITS ETF? I am thinking here of the added hassle of re-investing dividends.
8) Is there a danger that the broker may decide, in the future, that they are no longer allowing EU clients to trade with them? I think some may have decided, in the wake of PRIIPs, to do this, changing the goalposts overnight, as it were.
9) Any more observations/thoughts?
Thanks!