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Learning, Sharing, and Teaching => Investor Alley => Topic started by: Grogounet on November 18, 2016, 07:56:13 PM

Title: Interactive brokers Australia - No mutual funds - WTF??
Post by: Grogounet 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??

Title: Re: Interactive brokers Australia - No mutual funds - WTF??
Post by: Juan Ponce de León on November 18, 2016, 08:22:50 PM

You can just buy exchange traded funds that trade on the ASX, like VTS.

Title: Re: Interactive brokers Australia - No mutual funds - WTF??
Post by: Grogounet 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.