I am due to come into my SSIA money (20K) at the end of this month and was thinking of buying 20K of the Eurostoxx50 ETF as a long term (>5years) investment.
As this is traded on the London Stock Exchange does this mean that I need to buy in sterling and therefore incur extra charges and risk as the Pound flucuates against the Euro ?
If this is the case would I be better off to buy Quinn-lifes Eurostoxx50 tracker and pay the 1% management charges ?
Option 1 ETF Option 2 Quinn
Stockbroker costs 0.5% 0%
Currency Conversion risk% 0%
Stamp Duty 0% 0%
Management Fee 0.35% 1%
On Disposal
Sale Costs 0.5% 0%
Currency Conversion risk% 0%
As this is traded on the London Stock Exchange does this mean that I need to buy in sterling and therefore incur extra charges and risk as the Pound flucuates against the Euro ?
If this is the case would I be better off to buy Quinn-lifes Eurostoxx50 tracker and pay the 1% management charges ?
Option 1 ETF Option 2 Quinn
Stockbroker costs 0.5% 0%
Currency Conversion risk% 0%
Stamp Duty 0% 0%
Management Fee 0.35% 1%
On Disposal
Sale Costs 0.5% 0%
Currency Conversion risk% 0%