@RobertoNiemalsBlanco following this logic you should also sell the Vanguard high div and the Stoxx 100 etf and only use the All-World ETF. and if you already compare a div stock like PG with ETFs, then rather with such. But as I said, everything is not worth discussing when you save ETFs. It also depends on whether you want to buy a satellite of shares at all. Is not wrong not to do