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@Reinecke People are reading that completely wrong. It's all about Europe and the split between Ireland and Luxembourg, not Germany. And the second part you can see however you want, the fact is that the profit is in Europe instead of the USA. Pretending that this has no effect is somehow harshly unrealistic.
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@Reinecke There are also German ETF providers based in Ireland. I myself also find the $WEBG as an accumulating version (ETF151) quite interesting. The provider, domicile and index are all from the EU (France, Ireland, Germany). The index has also performed somewhat better historically than the FTSE All-World. Doesn't say anything about the future, of course, but not against it either. It also has a significantly lower TER (0.07% instead of 0.22%). If it were a "purely" American, British or other ETF with the characteristics, I would find it irrelevant for the decision. The Europe point only has a bit of personal sympathy, but nothing more. But how the ETF performs (TD) remains to be seen. My pension gap is more important to me than making a barely measurable contribution to the financial center.
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@topicswithhead But that is very naive. A uniform tax policy would be needed in Europe for this to bear fruit. In addition, the reference to the balance sheet is still better than the national one. What use is it to me if the European provider knows every CEO by name if the US provider sets the rating to C- or levers the thing to a 5% short rate? Money is power and power is money. I also don't see the financial industry strengthening the domestic economy, it didn't work under socialism and it certainly won't under capitalism.
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@Reinecke Reiner I don't need to discuss much here it's math. You seem to have a strong belief in your investment and reject it for various reasons, but you are welcome to do the rough math. All you have to do is take the annual European inflows times a TER of a provider and see what the overall result would be. If you then make a comparison with what they have now, you can already see a decent gap. This is a milkman's calculation, but to include the economies of scale and other things here would be a bit much.
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@topicswithhead As a German, I'm quite comfortable with $VWRL and $VWCE... the important thing for me is where the money ends up. I don't give a shit if they have golden footpaths in Ireland. As a US citizen, I can also live quite well with the fact that I invest my income from Germany in my German securities account in the $VWRL and the $VWCE. I have completely different options with the US custody accounts anyway. Here I don't think nationally but actually globally.
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@Reinecke That's okay. But the money also comes to the USA with a DWS or Amundi ETF. It's just managed by a European. If you think that's a disadvantage, then stick with it. In the end, I said you shouldn't make yourself look worse just to have a domestic provider. You should consider it if it is cheaper and everything else fits.
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•Thanks for the nice post and comments. Which ETF would you invest in @Reinecke? I'm new to the market and find it quite exciting at the moment. I have already thought about investing in domestic or European companies, but have no idea which ones. Perhaps the difficult part is simply overcoming the effort to invest an amount. There are so many providers. Do you have any tips?
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@portfolio_maestro_762 I have opted for a combination of All World and S&P500. In my case $VWRL + $VUAG in the other portfolio $VWCE. But here was a good tip for the $WEBG has a very low TER and is therefore actually better than the Vanguard products.
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@Reinecke there is now also the <security:n/a:IE0003XJA0J9> but it is still very new
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•Thanks for the info. I still see just under 60% USA with this one. I have several savings plans on ETF's but only small amounts to familiarize myself a bit with the matter before I start.
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