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Alfred E.
@Papiertiger
6Mo·
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www.finanznachrichten.deAmundi Investment Solutions: AMUNDI ETF - Important Information - Mergers on Amundi Funds - 22/11/2024
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30 Commentaires
Julian@MoneyISnotREAL
6Mo
Thanks for the tip.
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Therealbroka@Therealbroka
6Mo
Does that mean our profits will now simply be taxed? Oh man
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Knebel-Horst@DoppelSchlechtMinus
6Mo
What kind of tax difference do you mean?
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Paul@Westchester
6Mo
In addition to possible tax advantages, I have another question: one is accumulating, the other distributing.... So what does the new, larger ETF do? Distribute or accumulate?
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OldWhiteGuy@amanaplanacanalpanama
6Mo
Doesn't that always mean fictitious realization of earnings and new acquisition across borders, i.e. taxation of book profits? But you may need cash on hand this late in the year...
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Jan@JanWPB
6Mo
@amanaplanacanalpanama Exactly, profits made so far are taxed. Does the bank then deduct this from the cash account and the value of the shares remains the same?
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OldWhiteGuy@amanaplanacanalpanama
6Mo
@JanWPB I mean, that's what happened to me at ING when I merged $USA (FR-ISIN) with $USA (IE-ISIN). I'd better make sure I have enough cash in my clearing account on 22.11. so that Baader doesn't make another golden nose out of it...
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René@Booz
6Mo
@amanaplanacanalpanama From the Amundi site:

Tax aspects of a cross-border merger for German investors:
Pursuant to Section 23 (4) InvStG, cross-border mergers such as this one cannot be taxed for
investors who are subject to unlimited tax liability in the Federal Republic of Germany.
tax-neutral in the Federal Republic of Germany. Accordingly, the merger is treated for tax purposes
as if the units of the sub-fund that ceases to exist were sold on the transfer date and the units
the units of the absorbing sub-fund received as a result of the merger were newly acquired.
This procedure is taken into account by the custodian bank. The investor does not need to
arrange anything further.
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Patrick Schäfer@Hotte1909
6Mo
They just want to rob us of our dividend 😀
The old one pays out in December. The new one will certainly be in October...
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Jan D.@Jan_Drosch
6Mo
@Hotte1909 I'm also concerned about this scenario. Hopefully it's not like that, is it? I assume that there will still be a distribution...
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Patrick Schäfer@Hotte1909
6Mo
@Jan_Drosch Anything is possible, but I hope that there will be a distribution. Then it will probably be a case of wait and see. I had already thought so as Amundi announced the dividends of some ETFs last month but this one was not among them
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Jan D.@Jan_Drosch
6Mo
That would of course be audacious. Issue November 15 with exD and merger then Nov. 22.
The new one doesn't even exist yet. So you're pretty much in the fog about what it will "look like" in concrete terms. Not nice.
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Patrick Schäfer@Hotte1909
6Mo
@Jan_Drosch I hope that the TER remains the same. That was one reason why I opted for it at the time. Well, and the fact that Voba only had Amundi ETFs 😀
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Kevin E.@KevinE
6Mo
@Jan_Drosch The money from the dividend would not be gone, at most it would be reinvested in this case. It can't simply be put in your pocket by the fund company 😃
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Jan D.@Jan_Drosch
6Mo
@KevinE I hope the FG sees it the same way. 😊
As I'm already in the withdrawal phase, it's not entirely irrelevant to me whether it's reinvested or distributed. Well, let's hope for the best.
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Kevin E.@KevinE
6Mo
@Jan_Drosch I had Lyxor ETFs (MSCI World) that were taken over by Amundi (2021 or 2022). Everything was fine with the distribution.

PS: Congratulations on reaching the withdrawal phase!
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Nico@FalconGER
5Mo
@Hotte1909 is like this
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David@DerUnwissende
5Mo
The dividend doesn't matter because every etf immediately reinvests. Distributing etfs only sell shares at the time of the distributions and then give the money to us. Cash is never actually kept for distributions. Therefore, technically it makes no difference whether they pay out dividends or not. You can sell without hesitation
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user4b4dadc65bdc46b0@user4b4dadc65bdc46b0
6Mo
25% of the profit gone, thanks Amundi!
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Lama@MLana
5Mo
Are you selling yourself or are you waiting?
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