6G·

Amundi World ETF

Cristian · 2025-01-16T10:03:29.737509Z

Hallo, ich habe gerade eine E-Mail von Trade Republic erhalten, in der es heißt, dass Amundi zwei Welt-ETFs zusammenlegt und dass dies ein steuerpflichtiges Ereignis darstellt. Wenn ich es richtig verstanden habe: 1-Amundi verkauft meine Position in meinem ETF (LU1781541179 = $LCUW) und überträgt sie in einen anderen (IE000BI8OT95); 2-Ich werde aufgrund dieser Entscheidung Verluste erleiden, die mir nicht erstattet werden. Wenn dies richtig ist, halte ich es für absurd. Ist jemand hier in der gleichen Situation? Ich werde die Fonds zu einem anderen Anbieter wechseln, wahrscheinlich SPDR, der niedrige Kosten und einen guten Ruf hat. Mit freundlichen Grüßen, C.

Hello,

I just received an email from Trade Republic stating that Amundi is merging two world ETFs and that this is a taxable event. If I have understood it correctly:

1-Amundi is selling my position in my ETF (LU1781541179 = $LCUW (+0,37%)) and transfers it to another (IE000BI8OT95);

2-I will suffer losses as a result of this decision and will not be reimbursed.

If this is correct, I think it is absurd. Is anyone here in the same situation?

I will be switching funds to another provider, probably SPDR, which has low costs and a good reputation.

Yours sincerely,

21 Commenti

Saschko@WarrenamBuffet

I steer clear of Amundi, it wasn't the first time.

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Silvio@sis71

@WarrenamBuffet Do you have a good alternative?

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Cristian@Naitsirc

@sis71 SPDR?

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Saschko@WarrenamBuffet

@sis71 Well, the cheapest/relatively large ones are $SPPW or $XDWD

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Epi@Epi

Very few people have this issuer risk on their radar. It actually exists for everyone who buys and holds large ETFs via a savings plan.

I wonder how this risk can be quantified. Does anyone know?

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Staatsmann@Staatsmann

@Epi Amundi is at least "notorious" for creating ETFs that are then consolidated if the fund volume does not grow fast enough or for other reasons.

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Chandra@Chandra

@Epi The larger the investment volume of the ETF, the less likely it is to be discontinued.

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Epi@Epi

@Chandra Maybe. Two ETFs were merged here. The one with a volume of EUR 6.5bn was sold. It seems to me that this is proof that it can affect everyone. Or when does an ETF become big for you?

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Chandra@Chandra

@Epi If two ETFs are merged, then one of them is discontinued. It should always be the smaller one.
Of course, Blackrock may buy Vanguard at some point, but even then I would never assume that VOO and IVV will be merged. There are over 500 billion dollars in each. None of the companies would dare to merge them for tax purposes.

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Epi@Epi

@Chandra With 500 billion, the probability is certainly lower than with 5 or 50 billion.

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Kai@Dividenden-Sammler

Wasn't there someone who asked the same question yesterday?
Maybe use the search function 😊
@WarrenamBuffet I think the problem with Amundi is that due to the takeover of Lyxor in 2021, they now have a lot of duplicate ETFs and are now merging them. Turn 2 into 1, so to speak.

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Saschko@WarrenamBuffet

@Dividenden-Sammler yes, that's right. It's just really annoying and somehow feels like it happens less with the big Americans^^

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Ben@RegularJohn

Thanks for the info! I have not yet received any notification from Scalable... It is indeed extremely annoying that you are forced to pay tax on the profits you have made so far.

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Finnn16@Finnn16

Quick question, if I have a profit of less than a thousand euros, then I should simply be able to use my exemption order and the new etf that is booked in has nothing more to pay tax on. So in principle it's not bad if you have a profit of less than €1000. Or am I missing something?

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Martin W.@MineraLogik

@Finnn16 korrekt.

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Cristian@Naitsirc

I have now written to TR complaining about the matter and asking them to stop offering Amundi products and to warn investors about their harmful behavior. It would be great if every broker got a bunch of complaints about them....

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Natsu@Natsu-Jiale

@Naitsirc What can Tr do about it 😂 With the stock market, everyone has to find out for themselves. That's why, for example, everyone writes "no investment advice"
That's just bad luck because they were bought up

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Cristian@Naitsirc

@Natsu-Jiale I don't think one point is related to the other, is it? TR is not a small player and could well stop offering products - under what conditions they would do that is another story. I have complained in the past (to SC) and received compensation through arbitration. In this country, sometimes it still helps to speak out.

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Natsu@Natsu-Jiale

@Naitsirc you mean the point that TR should warn you that something like this could happen? By that logic, they would have to do the same with any other low valued stock that could be bought up. According to your logic, you would probably also complain to the people who give you a recommendation for a stock that then slides down, hence the example.

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Sven@paulebeinlich

That was it for me too. Never again Amundi.

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Harald@Madhatter5566

Doesn't that just mean that you pay the taxes now that you would have had to pay anyway when you were saving? Aka your tax burden will be lower later?

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