Amundi the juicer

Frank K. · 2025-01-15T19:11:24.727330Z

The $LCUW is merged and the move from Luxembourg to Ireland means that the whole thing is treated as a sale for tax purposes. Does it now make sense to sell the ETF directly? I definitely want to get away from Amundi... How do you deal with this?

Florian@FLA

2Wk

Just found out about it from your post. I'm currently also undecided about what to do.

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Fabzy ✨@Fabzy

2Wk

Thanks for drawing my attention to this. I've had it for almost 3 years. So far I've gone 70/30 with World and EM. I think I will take the chance and switch to the FTSE All Word, from then on only save in that and just leave my EM ETF.

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Ben@RegularJohn

2Wk

The big question again: are you going to put everything into the FTSE at once or are you going to keep something aside for a bigger correction? I assume it will probably be a larger sum for you too?

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Uwe@SchlaubiSchlumpf

2Wk

@Fabzy I'm also thinking about advising my girlfriend to switch to the FTSE. It seems like a good idea. She's been thinking about doing that with new money anyway.

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Fabzy ✨@Fabzy

2Wk

@RegularJohn I just like it now. I would probably no longer stress myself out and try to time a savings plan that runs for another 30 years. Yes, it's a larger amount, but that's just the way it is.

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Fabzy ✨@Fabzy

2Wk

@RegularJohn I've just done the math, I'll have to pay a little more than €3,700 in taxes. Plus order fees at ING, also not negligible.

I bought Lyxor at the time, then thought I was in luck right after the takeover by Amundi, but now I've hit the wall.

You would have had to pay taxes either way, but what you are now missing out on is the future return on these €3,700.

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Ben@RegularJohn

2Wk

@Fabzy Yes, I also started under Lyxor back then and was also glad that there was nothing to do after the takeover. But now we have the salad 🙄

I haven't calculated anything yet, it will be less for me than for you, but I'm still brutally annoyed. Also because I now have to take care of a few things again...

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Fabzy ✨@Fabzy

2Wk

@RegularJohn firstly that and the nice performance is gone :( like high green numbers better than any red ones

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Chandra@Chandra

1Wk

@Fabzy If there is a bear market this year and you see high losses in your position, you can sell the position and realize the losses and get part of your tax back. Of course, you can then immediately buy the shares again and when your broker has completed the tax refund (this may take a few days, depending on the broker) you can buy more shares.

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Thomas@waldbrandgefahr

2Wk

Yes, stupid of Amundi. The only thing that helps is to move to the Bahamas or Panama. Or if they had publicized it a little more, sell part of it in 2024 and have the rest converted or sell it in 2025

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BoersePG@BoersePG

2Wk

Stupid question, but what happens here?
Is the existing ETF simply merged?

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ThemenmitKopf@topicswithhead

2Wk

@BoersePG Yes, and this results in a new one. You get it booked in, but the sale is taxed. Sometimes this happens, Amundi is currently transferring many funds to Ireland

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BoersePG@BoersePG

2Wk

@topicswithhead ah OK thanks for the info...
So you could change there right away...

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ThemenmitKopf@topicswithhead

2Wk

@BoersePG Well, I wouldn't avoid them now, after all they are the ones with the best price/performance ratio, but if you have one in Luxembourg then maybe invest in an Amundi or co from Ireland. However, this usually only applies to ETFs that have a lot of USA exposure. Europe focus funds are often also in Luxembourg.

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news03@user03

2Wk

@topicswithhead the sale is taxed? Oh no...

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Manuel@Variett

2Wk

@user03 Yes it will, I recently experienced this when you merged the Prime Global (LU) with an IE

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Marcel@xzxzx

2Wk

That's why you should always find out what you're investing in beforehand. And above all look at things like fund volume and date🙏

If you want to get away from it anyway, sell it and invest in the right MSCI World with 90+ million fund volume

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Frank K.@Gazza

2Wk

@xzxzx the ETF has a fund volume of 6.5 billion ...

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Marcel@xzxzx

2Wk

Exactly, compare it with the other MSCI World, which has 90 billion. So why invest in the "smaller" one? S&P 100 billion +

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S.A.U.@SAUgut77

2Wk

@xzxzx Before you put 90 million here, first find out before you spread fake news 😉🤣

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Marcel@xzxzx

2Wk

I misspelled it, I also wrote the billion in the second comment👍

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Fabzy ✨@Fabzy

2Wk

@xzxzx lol. had to laugh. Thanks for the instruction.

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Cekay@CMustermann

2Wk

@xzxzx No. Amundi is just a sap store. Example last year: $10AH was my main world with 6.25 billion and a term since 2017. Huge ETF with a long term. They still made you.

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GG H.@GGHyperX

2Wk

Ah shit, that annoys me now too...

Really stupid from a tax point of view. Still have 1.5k in the loss pot but only for shares. 😟

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GG H.@GGHyperX

2Wk

@GGHyperX but now that the taxes are being claimed. I will probably dump the ETF and go into the FTSE All World. Where I started with it wasn't something ignorant 😅

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Patrick Schäfer@Hotte1909

2Wk

Amundi stop 😉

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ThemenmitKopf@topicswithhead

2Wk

@Hotte1909 well happens more often but Amundi has only had a retail strategy since the beginning of 2023-24 and that's probably why everything that has USA in the fund is now being moved to Ireland

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Cekay@CMustermann

2Wk

I had this almost exactly a year ago with my Amundi ETF. It sucks, you have to pay tax on everything once. I haven't touched anything from them since then.

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Nico@Nico2604

2Wk

If you definitely want to move away from Amundi, the question has already been answered. Sell and go to another provider

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Frank K.@Gazza

2Wk

@Nico2604 Thanks for the feedback. I have now done the same. State is happy and I'm glad to have the Amundi crap gone

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Chiefwiggum@Hidalidsch

2Wk

What would be the best way to proceed now?

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Fabzy ✨@Fabzy

2Wk

@Hidalidsch ask yourself whether you want to stay with your ETF. On paper, it will remain a good ETF. 0.12 TER with domicile in Ireland. If you want to stay, then do nothing. The broker will book your shares out and book them back in, but will also charge tax.

If you are no longer interested in Amundi or want to take the opportunity to reorient yourself, you can sell the shares yourself beforehand and switch to another ETF.

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