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Vanguard/Blackrock Brexit?

Index tracking funds and ETFs
tlf67482
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Vanguard/Blackrock Brexit?

#289448

Postby tlf67482 » March 9th, 2020, 5:07 pm

I own several Vanguard/Blackrock ETFs in an ISA.

Is there any (plausible) scenario where these may need to be forcibly sold due to Brexit?

If there is a scenario that may impact UK holders have companies got a process in place so we can be transferred to a new equivalent valid UK investment?

For example, they use Irish UCITS structure they have German tax status with UK Reporting etc.

Apologies for not a fantastically worded question but hopefully what I am asking is clear.

Thanks

tlf67482
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Re: Vanguard/Blackrock Brexit?

#290245

Postby tlf67482 » March 12th, 2020, 6:17 pm

Any thoughts would be greatly appreciated. Am I worried over nothing? Thanks

xxd09
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Re: Vanguard/Blackrock Brexit?

#290263

Postby xxd09 » March 12th, 2020, 7:22 pm

It is probably too late to be worrying about doing anything now
Financial markets usually work very hard to keep their structures intact-backed by governments
The consequences of an unraveling financial system is so dire that all will fight to keep them working
Your ETFs are with sound companies-if they fail the end is nigh-guns,ammo and head for the hills!
You have chosen good investments-hang on for the ride -it will be bumpy but all bad times will end
All investors are learning again that markets do not go up forever-corrections occur regularly !
Hang in there and stay the course
xxd09

tlf67482
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Re: Vanguard/Blackrock Brexit?

#290760

Postby tlf67482 » March 14th, 2020, 1:23 pm

Thanks for the reply. I am a less worried about the underlaying investments eg the recent large falls more of the regulatory demands of Brexit.

For example, they use Irish UCITS structure they have German tax status with UK Reporting etc.


For example, if the ETFs are not based in the UK will the fact we should be leaving at the end of the year make these ETF invalid and can no longer be owned, listed or traded?

Example of ETFs include Vanguard VUKE, VUSA, VERX and the equivalent Blackrock/iShares.

Thanks

gryffron
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Re: Vanguard/Blackrock Brexit?

#291081

Postby gryffron » March 15th, 2020, 9:08 pm

tlf67482 wrote:more of the regulatory demands of Brexit...
For example, if the ETFs are not based in the UK will the fact we should be leaving at the end of the year make these ETF invalid and can no longer be owned, listed or traded?

That's another: Nobody knows until the agreement is signed.

However, it is very unlikely we won't be able to hold each others' shares. Restricting ownership isn't in either sides' interests. And since they are already taxed differently anyway, nothing much has to change.

Gryff


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