Alex (@AlexSch) on getquin

Alex

@AlexSch

1Yr·

How can it be that two MSCI World ETFs one different high dividend yield have? See pictures:

$AHYQ (-0.19%) and $IWRD (-0.25%)

20 Comments

Unbekannt@Pirat123

1Yr

2 different ETF, 2 different prices, 2 different dividends.

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Jesko@Jesko

1Yr

@AlexSch Hello Alex, thank you for your question regarding the dividend yield of the MSCI World. However, you have chosen 2 different indices once the MSCI World ||| and once the "normal" MSCI World. The top position in the MSCI World III is Shell and in the "normal" MSCI World is the top position Apple. Because of the different positions in the indices, there is also a different dividend yield.

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Justus@TacoEnergy

1Yr

$ please

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Staatsmann@Staatsmann

1Yr

Presumably different indices being tracked and thus different (dividend) yields.

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Beat The Bank@randomdude

1Yr

I wouldn't put much stock in the accuracy of such figures. Perhaps the figures refer to different years, for example. Always check other sources.

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Ella Marie Waschbär@DividendenWaschbaer

1Yr

The different dividend yield comes of course from the different price. Calculated down, it is 1.10€ for the MSCI World and 1.07€ for the MSCI World III (also different name, by the way). That implies directly also a difference) comes out 1,07€. So that's about right.

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Erich D.@Erich_D

1Yr

Explained in more detail here: https://www.justetf.com/de/news/etf/us-quellensteuer-sparen-mit-den-richtigen-etfs.html#l%C3%B6sung

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Benne@CapitalCyclist

1Yr

Are they different asset managers, i.e. providers of the ETF?

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Erich D.@Erich_D

1Yr

One of the two ETFs is domiciled in Luxembourg, the other in Ireland. This makes a difference in terms of taxation. Example: Irish ETFs pay 15% withholding tax on dividends from the U.S., Luxembourg ETFs usually pay 30% withholding tax. A dividend of 100 USD is paid from the U.S. The consequence of this, taking into account the double taxation treaty: the Irish ETF receives a net dividend of 85 USD, whereas the Luxembourg fund records a net dividend of 70 USD.

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Erich D.@Erich_D

1Yr

By the way, this is the reason why many ETFs have their tax domicile in Ireland. You can see it in the ISIN. For Irish ETFs, the ISIN always starts with IE.

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