Motley Fool US ETF additions

Stock Requests 📈
1

Hi,

Will it be possible to add the Motley Fool US traded ETF’s to the apps. Returns have been quite good and the invest based on the stock advisory service which I use for individual stock and it is good.

https://www.bloomberg.com/quote/MFMS:US

https://www.bloomberg.com/quote/TMFC:US

Thank you.

2

US ETFs can generally not be bought in the EU anymore and won’t be added imho.

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3

Thanks for the prompt feedback Seb. Is this due to a recent regulatory change?

I am new to investing, however looking at the app can see a few US based ETF’s

Thank you

4

It’s due to the MIFID II rules. The rules require certain documents which some US ETFs do not produce. Post-Brexit the UK may diverge from the EU rules and so this may not be an issue going forward.

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5

Henry already answered the first part. The app should not have US based etfs. If you check their ISIN they will not start with a ‘US’.

6

Isn’t it due to the PRIIPs Regulation (Regulation (EU) No 1286/2014), rather than MiFID II/MiFIR?

My understanding is that a non-UCITS, US-domiciled ETF can be bought by a retail investor in an EEA country (including the UK) if:

  • It follows that country’s regulations for the marketing of non-domiciled, non-passported collective investment schemes - in the UK, that means receiving FCA recognition under s272 FSMA 2000
  • It has a PRIIPs KID

Admittedly, those requirements may only rarely be met.

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7

TMFC appears available on IG Index share account. I don’t have any money there to try buying it. Also available as a spread bet, but different rules apply there I assume.