Author Topic: Interactive brokers Australia - No mutual funds - WTF??  (Read 1240 times)

Grogounet

  • Bristles
  • ***
  • Posts: 264
  • Location: Australia
    • http://www.quest2independence.com
Interactive brokers Australia - No mutual funds - WTF??
« on: November 18, 2016, 07:56:13 PM »
Hi Guys, for those Aussies trading with IB, can you confirm that we cannot trade mutual funds?
When I called on Friday to check, the lady on the phone didn't seem very knowledgeable and said we couldn't... I said to my self "well, she probably doesn't know".

I want to buy VFIAX and then... cannot!
Am I correct? How do you guys then buy US mutual funds from down under??

Trevor Reznik

  • 5 O'Clock Shadow
  • *
  • Posts: 91
Re: Interactive brokers Australia - No mutual funds - WTF??
« Reply #1 on: November 18, 2016, 08:22:50 PM »
You can just buy exchange traded funds that trade on the ASX, like VTS.

Grogounet

  • Bristles
  • ***
  • Posts: 264
  • Location: Australia
    • http://www.quest2independence.com
Re: Interactive brokers Australia - No mutual funds - WTF??
« Reply #2 on: November 18, 2016, 09:34:04 PM »
Thanks but you can buy direct US shares that are not traded on the ASX also, via Interactive Brokers I believe:
Like VOO (ETF). But I m more interested in VFIAX, which is a mutual fund.