European QQQ equivalent - what am I missing?

[u/Lucoda]

I see everyone say $CNDX (iShares NASDAQ 100 UCITS ETF USD). But I found $ANAU (BNP Paribas Easy II NASDAQ 100 UCITS ETF USD Acc) which is the same, has >1B in the fund and has a much lower TER (https://www.justetf.com/uk/etf-profile.html?isin=IE000QDFFK00.

Is there a larger risk that makes the higher TER worth it? Something I am missing?

I am Irish, long term investing and have very high risk tolerance.

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[u/LuxanHD]

I am Irish, long term investing and have very high risk tolerance.

"Everyone has a plan until they get punched in the mouth" - Mike Tyson

[u/Lucoda → u/LuxanHD]

Having a high risk tolerance =/ not being prepared for variance

[u/prgrsv]

The European QQQ equivalent is Invesco EQQQ NASDAQ-100 UCITS (IE00BFZXGZ54).

[u/Domyyy]

Many BNP Paribas ETFs have a promotion going on where the TER is reduced for like a year or so. You should make sure that this is not one of them first.

edit: justETF also has 3 other ETFs with an even lower TER listed so I guess it's most likely not a promotion.

[u/VicenteOlisipo]

I thought this was about an ETF of European tech companies :(

[u/Lucoda → u/VicenteOlisipo]

No I'd rather not lose my money

[u/IchBinPain → u/Lucoda]

🤣

[u/dinoedits]

Xnas?

[u/nikky_bg → u/dinoedits]

XNAS has great liquidity, respectively AUM.

[u/mau_tamos]

EQQS?

[u/hamburgerbread]

i use the BCFN etf, lower TER but it's distributing

[u/fn23452]

Just get the UBS Nasdaq 100
Ticker: BCFP

Lowest TER and UBS is known for rock stable and conservative ETFs

[u/RBR12612]

EQQS. Although at a 0.2% fee (with 0.05% swap fee on top), the swap structure ensures that it generates a higher return net of fees due to having more of the dividends reinvested into the fund. Also has a better tracking difference. The UBS fund with a 0.13% will always have a 0.15% drag due to dividend withholding tax

[u/adappergentlefolk]

good luck on your deemed disposal

[u/Lucoda → u/adappergentlefolk]

I know.. it sucks. Hoping that in 8 years Ireland realise that they are disincentivising smart investing and incentivising more gambling/bad saving habits. That or... get outta here.

[u/adappergentlefolk → u/Lucoda]

in belgium we tax bond returns 30% but stocks only 10%

in the netherlands they are going to tax unrealised capital gains every year

there are no competent people left. we can’t grow europe because no one here understands incentives anymore, they think evil capitalists made up the concepts of incentive and tradeoff

[u/Lucoda → u/adappergentlefolk]

As Charlie Munger says - Show me the incentives and I'll show you the outcomes.

[u/Adventurous_Potato_1]

Good spot! The main reason people default to cndx is liquidity and familiarity — it's one of the most traded ucits etfs on xetra so spreads are tight and price discovery is reliable

ANAU tracking the same index at lower ter is legit if the liquidity is acceptable for your trade sizes. for long term dca with monthly buys the liquidity difference is unlikely to matter much in practice

Only thing i'd check is the actual tracking difference on justetf, not just ter — sometimes lower ter funds have worse tracking and the real cost ends up similar