I received an interesting newsletter recently from a(n) (online) bank I'm a customer with. According to a Febelfin survey of 1000 young people between 16 and 30 years old, it appears that over 1/5th of them started investing, including a quarter of them during the corona crisis.
Most retail investors that trade on their own already noticed starting 2018. As a European, it’s not possible to buy US-based Exchange Traded Funds (ETF) anymore.
If you were trying to find out how to get these US-based ETFs in Europe, I hate to burst your bubble, but there is no straight forward for this after a new ETF regulation in Europe (no, options aren’t straightforward). The major culprit? PRIIPs.
PRIIPs stands for Packaged Retail and Insurance-based Investment Products. Phew, that’s a mouthful, isn’t it? No wonder everyone uses the abbreviation.