How do I trade the (CWS) FOCUSED EQUITY ETF - but I can't find it in the list (EU/UK Accounts)

[JimByrneGlasgow]

Hi I haven't traded an ETF before but as a regular reader of Eddy Elfenbein's Crossing Wall Street newsletter - I would like to purchase some (CWS) FOCUSED EQUITY ETF's https://advisorshares.com/etfs/cws/

It's not on my ETF's list in the IG dashboard. Does that mean I can't purchase them from the UK - or is there some other reason?

Thanks,

Jim

[OfentseIG]

On 14/12/2022 at 19:49, JimByrneGlasgow said:

Hi I haven't traded an ETF before but as a regular reader of Eddy Elfenbein's Crossing Wall Street newsletter - I would like to purchase some (CWS) FOCUSED EQUITY ETF's https://advisorshares.com/etfs/cws/

It's not on my ETF's list in the IG dashboard. Does that mean I can't purchase them from the UK - or is there some other reason?

Thanks,

Jim

Hi @JimByrneGlasgow

Could you please confirm if this is for AdvisorShares Focused Equity ETF with ticker NYSEARCA: CWS

We would also like to draw your attention to the Regulation (EU) No 1286/2014 (the PRIIPs) regulation states that all retail clients must be provided with a Key Information Document (KID) prior to the purchase on any security (PRIIP) within the scope of the regulation. This regulation would prevent you from buying any US or foreign denominated ETF. As this ETF is listed on the NYSE exchange, you would not be able to purchase it with IG. 
This regulation covers (inter alia):

•    Foreign Exchange (FX) Transactions 
•    Over The Counter Derivatives 
•    Exchange Traded Derivatives (including ETFs , ETCs & ETNs)

A KID must be provided to all European retail clients. UK retail clients remain subject to these rules at this time.

All the best, 

OfentseIG