Jump to content

SPY ETF in ISA, AIF instead of pre-Brexit UCITS & Mifid II


Recommended Posts

I'd like to trade an equivalent to SPY (and a few other ETFs) in my ISA.  If I l lived in the USA I'd trade SPY as it is massively liquid, tight spreads, no FX fees, good correlation to the S&P 500.  If I get a dealing ticket up it denominates the trade in £, so I assume that a 0.5% FX transaction cost will be applied to my trade.

Now from my research thus far I've found a lot of SPY equivalents but which one would offer me the lowest dealing charges (spread, dealing commission & exchange rate charge)?

Also I'm not sure what effect Brexit has had on UCITS and MiFid, are these now defunct as far as the UK is concerned?

Any help greatly appreciated.

Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • General Statistics

    • Total Topics
    • Total Posts
    • Total Members
    • Most Online
      10/06/21 10:53

    Newest Member
    Joined 23/09/23 15:50
  • Posts

    • In my opinion, higher lev is for scalpers only! For day or swing traders, either spot or lower lev is always recommended!
    • Just now, according to Glassnode data, the number of addresses holding more than 100 BTC has reached a four-month low, currently standing at 15,955.
    • Bitcoin and other major crypto experienced a dip in value on Thursday, erasing gains made earlier in the week. The decline came after the Federal Reserve signaled that interest rates would remain high for an extended period, with Bitcoin retreating 2.3% to $26.5K. Despite the bearish pressure,  the founder and CEO of Bitcoin joint mining company Xive,  Didar stated that the stagnant rate increase is positive for Bitcoin. He suggested that this could reduce the attractiveness of mainstream financial assets to institutional investors in the long term, potentially driving a new rally in Bitcoin's price. Major altcoins and exchange tokens also struggled on Thursday, with ETH changing hands at $1,585, down about 2.6% from Wednesday. Other altcoins such as BNB and BGB also experienced losses. Despite these challenges, some analysts believe that Bitcoin is likely to remain within its recent range between $25,000 and $30,000. Riyad from digital asset data platform Kaiko, noted that the market needs a catalyst to mount any serious rally.  What are your thoughts? 
  • Create New...