IVV - iShares S&P 500 ETF

[System]

iShares Core S&P 500 ETF (IVV) was formerly known as iShares S&P 500 Index Fund.

http://au.ishares.com/fund/fund-overview-IVV-ASX.do

 

[George Washingto]

Re: IVV - iShares Core S&P 500 ETF

Would I be correct in saying purchasing this would be a form of currency hedging?

I.e, if the AUD were to fall by 10% against the USD, the value of these would increase 10%, disregarding the movement of the S&P 500?

 

[Gringotts Bank]

Re: IVV - iShares Core S&P 500 ETF

chart. A few lines nearby.

 

[Tightwad]

Re: IVV - iShares Core S&P 500 ETF

im looking to put some spare cash in this if the US index goes for a bit of a tank

 

[Vixs]

Re: IVV - iShares Core S&P 500 ETF

Don't trade these ETFs at market price, make sure to use limit orders and adjust the order if necessary.

 

[sebfox]

Re: IVV - iShares Core S&P 500 ETF

Don't trade these ETFs at market price, make sure to use limit orders and adjust the order if necessary.

I am would also suggest having a look at the IShares web site and reading about the role of the marker maker(s). Also checkout the Net Asset Value (NAV) which IShares provides at the close of trading each day and this figure is displayed on their website.

 

[Vixs]

Re: IVV - iShares Core S&P 500 ETF

The market makers have financial incentives to keep the spread within a certain percentage range so that helps. I don't know about retail investors but for clients I can call iShares and ask them to do better on the market makers offer. Have saved some good scratch on that.

 

[System]

On April 28th, 2016, iShares Core S&P 500 ETF changed its name to iShares S&P 500 ETF.

 

[KevinBB]

Does anyone have much past experience with IVV?

I was just wondering why, with the US S&P 500 down by just over 2% last night, why IVV would only be down about 1% this morning. Yes, I appreciate that some of the difference will be currency related, but its a fairly large difference.

Thanks,
KH

 

[Sharkman]

it's a combination of the AUD/USD movement since yesterday's ASX close plus the S&P 500 futures movement since yesterday's US close (S&P 500 futures are up about 0.4% today)

if you want to strip out the currency effect you can check IHVV, that is only down 1.6% since it would also be capturing the S&P 500 futures move

 

[KevinBB]

it's a combination of the AUD/USD movement since yesterday's ASX close plus the S&P 500 futures movement since yesterday's US close (S&P 500 futures are up about 0.4% today)

if you want to strip out the currency effect you can check IHVV, that is only down 1.6% since it would also be capturing the S&P 500 futures move

ok, thanks, I'll look at IHVV too.

I was hoping to pick up some IVV today, but was turned off my the lack of movement overnight. Maybe, in hindsight, the gods were looking after me.

KH

 

[Sharkman]

not quite sure why a difference of 0.5% or 1% is make or break when it comes to buying units in the ETF itself, if you're looking to build a position for the long term it shouldn't really matter whether you paid 600 or 605, eventually that will just get drowned out by the long term appreciation. investors who bought a decade ago would hardly care whether they paid 120 or 121 with the returns they've had since then. you can always split it into multiple chunks (eg. DCA) if you're worried about buying at the "peak".

if you're looking to trade short term movements in the index where a 0.5% or 1% difference does matter, there are better instruments than the ETF units themselves to do that in my view (eg. index options, futures).

 

[KevinBB]

not quite sure why a difference of 0.5% or 1% is make or break when it comes to buying units in the ETF itself

Agree. It was the accountant in me talking (above), not wanting to overpay for that 10c bag of lollies, or anything else for that matter.

My original thought was to get some funds into a US denominated index fund, which I don't have other than through a small futures trading position. IVV seemed to be ideal, but I was put off by this relative overnight price difference.

I ended up adding to my existing IOZ holding instead.

KH

 

[KevinBB]

Based on these figures, I've been a dingbat for persisting with IOZ in the ASF competitions for so long. The correct choice (with hindsight) should have been IVV.

An old dog can't be taught new tricks.

KH

 

[Gunnerguy]

I’m thinking about DCA’ing in to IVV or IHVV tomorrow (14th June) with the drops in the last few days and doing maybe monthly contributions for 12-18 months. Current US exposure in my portfolio is only about 35% whereas 6 months ago I was about 60%.
I certainly don’t think we’re at the bottom, or will be tomorrow, but I need to park some cash and just methodically DCA for 12 months.
Thoughts anyone ?
Gunnerguy

 

[greggles]

I think there will be plenty of opportunity when the dust settles. In my opinion this won't be a V-shaped recovery and while I would keep my finger on the trigger, i wouldn't pull it just yet. But everyone has their own strategies and what's good for me might not be good for you and vice versa.

My gut feeling is we have another 10%-15% further to fall with the S&P 500 finding support around 3,500... or, failing that, 3,300.

 

[Sharkman]

planning on buying a parcel if/when the index falls to the pre-pandemic high around 3400, there might be some sort of support there and maybe that turns out to be the bottom. of course i don't know if it will be or not and neither does anyone else, but it feels like a decent entry point to me.

 

[Sean K]

The H&S pattern target should be met about here.

 

[Jimbo25]

Hi does anyone that has IVV.AX shares know if they send prefill information to the ATO?

 

[Belli]

Hi does anyone that has IVV.AX shares know if they send prefill information to the ATO?

Probably but so what? I hope you're not relying on what the ATO has pre-filled. You do know I trust it has a disclaimer it does not guarantee the data is accurate. When you submit a tax return you are certifying the information is accurate. If it isn't the ATO can come after you. I can assure you it wont be a pleasant experience.

Also best to keep records as you are legally required to under the Income Tax Assessment Act 1997. The ATO which administers the Act has this guideline on the matter.

Records you need to keep | Australian Taxation Office

Records you need to show a payment or expense, the format to keep your records in, and how long to keep them.

www.ato.gov.au

And have a read of this too on the penalities which can be imposed for not retaining or keeping records. A penalty unit is around $200 so 20 penaly units is four grand.

https://www.ato.gov.au/law/view/document?docid=PSR/PS20052/NAT/ATO/00001

Apologies. I omitted to include the link to the ATO's qualification regarding pre-fill information which is at the bottom of the page.

Pre-fill availability

Use this content to check if third-party information is available to pre-fill into your tax return for 2021–22.

www.ato.gov.au