You can buy Vanguard ETFs on the US stock market via you broker. Not exactly what you want but it could meet your need. As with Vanguard funds the charges are very low.
But John Bogle Vanguard founder, in his book "Common sense investing", favours Vanguard Index Funds ( .18% annual charges) or other providers Index Funds, e.g. Fidelity (.10% annual charges), over ETF's. He cites a study of ETF's & their average annual return was 5% worse than the indexes they were tracking. Vanguard & Fidelity Index Funds were within .2% of the Index return.
As regards Quin funds with nominal 1% annual charges - I doubt if Quin are buying shares directly in companies - I suspect they are buying ETF's - if their ETF provider has annual charge of .5% - then total annual charge is 1.5% - not to mention the 5% annual shortfall above.
It would be well worthwhile for Irish investors to form a syndicate to come up with the 100k mentioned earlier in this thread, & invest in Vanguard Index Fund ( .38% annual charges for Irish investors)
I'd find that very hard to believe. Check out [broken link removed] of the Vanguard VTI ETF and the Wiltshire 5000 index. Most ETFs I have researched have similar graphs. In fact I would like to see 1 ETF that trails its index by 5% (excluding some esoteric ETFs). It wouldn't last long if it was underperforming that badly. Are you sure you have quoted Bogles claim accurately?He cites a study of ETF's & their average annual return was 5% worse than the indexes they were tracking.
I'd find that very hard to believe. Check out [broken link removed] of the Vanguard VTI ETF and the Wiltshire 5000 index. Most ETFs I have researched have similar graphs. In fact I would like to see 1 ETF that trails its index by 5% (excluding some esoteric ETFs). It wouldn't last long if it was underperforming that badly. Are you sure you have quoted Bogles claim accurately?
That or the fact that it's traded like a share encourages people to trade them more than they should, diminishing their returns.I believe Bogle is making a different point here - when he talks of iShares returning 42% but the investor making 28% - he may be talking about the average investor return - that average investor will join the ETF after missing the initial jump which made that ETF attractive.
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