Search results

@willumg one is labelled in USD, one is labelled in EUR. If you convert the USD label to EUR, you get exactly the same -2.6% as the fund that is already denominated in EUR. The only difference is that you have to do the conversion yourself for the USD fund/index.

@glitterpig You are misunderstanding the document. It's apparently not clear enough for your stupid ass. I'm done explaining it to learn-resistant ignorant folk like you. Go read my comments in this thread, they explain how it works. And for fucks sake stop acting all high and mighty when...

@glitterpig I am not being sarcastic, I am explaining very basic concepts here. Fking herd mentality. Use your brains people.

@veilmenacex Denomination only says in which currency the price tag on the label of a fund is. Denomination has zero effect on the shares in the fund, they are dictated by the index. And two funds containing the same shares have the same currency risk. Denomination has zero bearing on currency...

@veilmenacex the fund could be buying the stocks of its index on any market for any currency. Apple shares traded on NYSE are interchangeable in every way with Apple shares traded on LSE. You are NOT holding USD. You are holding stocks. The point you're overlooking here is that OP needs the...

@walkingwithkarma If the gold price in USD hasn't changed, and neither did it in EUR, but the USD/EUR rate changed, you could buy gold in EUR, sell it in USD, convert the USD to EUR and repeat. It would be a free money glitch. Just like with stocks, it is impossible that an asset that is easily...

@willumg yeah, it's infuriating. People don't know the very basics but feel confident enough to downvote the people trying to teach them.

@walkingwithkarma nope, that's wrong. US companies don't move with the US dollar like that. A stock is an asset like any other. Imagine you bought gold on a US stock exchange. Of course the gold doesn't lose 10% when the dollar loses 10%, its value is the same regardless of where you bought it...

@veilmenacex That's a bit misleading. The shares are the same regardless of the currency OP paid for them. Of course US stocks depend on the dollar, but only as far as the underlying company is affected by the dollar. US mining operations e.g. will probably gain from a losing dollar as people...