Hi !
Can I ask about safety of ETFs after you buy them.
My understanding of the process is that you but units of ETFs through the broker
and these are held in your name in the brokers account. Is this correct?
If the broker goes 'bust', everything is lost ?????
Is it possible to buy the ETF units and not have the broker holding them for you?
Or do any brokers issue certs any more?
I would really like to invest in ETFs and am trying to understand the pitfalls.
I have seen that ETF fund 'runners' like Vanguard for example provide brokerage services
at very reasonable prices.
https://personal.vanguard.com/us/whatweoffer/stocksbondscds/feescommissions
Personally I would prefer not to convert to USD because of currency risk.
Is anybody aware of an ETF fund company who provides brokerage services in Euros?
THis would also make more sense to me to hold the ETF units with the actual fund, rather than
a 3rd party brokerage.
Can it be done in Euroland?