Good afternoon everyone. I'm still very new to investing and was hoping that someone could assist me with the following questions:
- Why would someone invest dollars into an ETF (e.g. Vanguard S&P500) if there are South African/ZAR equivalents that tracks the same index, thus yielding more or less the same returns?
- Why does the price of the US and SA S&P 500 ETF's differ (maybe answering the previous question?). E.g. Satrix S&P500= R6668 and Vanguard S&P 500=$407/R6001 (407x14.75)
- Why does the above price differ from the S&P 500 index price, 4432 (Dollars?)
- Can the S&P 500 ETF's be made up of different companies? What is the difference between Vanguard S&P 500 (VOO) and Vanguard S&P500 Value (VOOV). Why does the price differ?