Yep, that works
But for that variant only ā¦ not the actual ETF on the US marketā¦ but they are effectively the same
Looks like Nikko is a unit trust/oeic/SICAV so youāll have to buy it on a platform that offers thoseā¦ HL, ii, fidelity etc
Itās not market traded so not really an option on T212
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5% entry fee WTH. Lol, really?
They rarely apply if genuinely fir sale to retail investors
Youāll see lots of kiids like that
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Hey Wyndham
If u want to trade ARK ETFās, you can do so with LB, Lynx or Captraderā¦all reasonable on charges.
Good Luck !
Femo
Thanks Femo, Iāll have a look into them!
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Can you please add the Ark Innovation ETF (ARKK), CUSIP 00214Q 104
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ARKK does not have a PRIIPs compliant KIID document which means for EU retail investors it is waaaay too dangerous according to MIFID II
edit: for a fun exercise you can try to find out who voted on behalf of you in EUP for such a legislation and which millionaires from EUC brought the suggestion for vote.
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Cannot be added doesnāt comply with UK/EU regulations.
If I had penny for each time someone asks for non complaint ETF, I would be a rich person. 
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Yep, I agree. I would even go for a penny for each duplicated post for not using Search functionality.
Anyways, @DutchyJB you can almost fully recreate ARK funds using the Pie functionality. Most of the holdings are already on the platform as fractional (@treeba is sharing an updated status version).
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Apologies for double posting. In this particular case copying the ETF is harder as it is active and holdings (can) change daily.
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āCanā but āgenerallyā donāt (that much)
The weightings change, yes. But thatās because of the price fluctuations of each component securities not moving in tandemā¦ hence the fund size moves and the weighting % of each component security moves fractionally accordingly. Holding TSLA alone guarantees some wild valuation swings.
Iāve been auto monitoring ARKK for several weeks now and TSLA has only really moved in the 9%-10% weighting range.
Nothing to get truly worried about replicating down to the last fraction.
Since you canāt and wonāt be able to buy this ETF anywayā¦ what option do you have.
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No need to apologise @DutchyJB just the amount of ETFs available to EU/UK investors are like less than 1% of US. And we pay a lot more management fees. I think people overreacted a bit. 
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To buy it elsewhere 
For example IB, Lynx and CapTrader.
Something i do not understand, is how can some brokers offer these and others cannot ?
Can it be, that the reason is, that these are not initial offers, but only trades on the Open Market hence Exchange or OTC ?
Otherwise Berkshire or similar companies would also have to comply with the EU regulationsā¦
Maybe someone can enlighten usā¦
Try and buy them (as Shares/Equity NOT CFDs) and see what happensā¦
Only place I know as a European youāre able to buy the actual shares and not a derivative position based on it is Stake ā¦ if your account balance is greater than $30k
Regulations are borderline dumb and illogical, I agree but youāre not truly comparing apples with apples. Brokers simply can not choose to comply or not.
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Hey Finki
I dont have to tryā¦i have several ARK ETFās in my CAP Trader account
So it worksā¦
yes my acct is over 30kā¦
And how come i can buy all US ETFās on IB, Lynx and CAP ? Also ARK !
can u explain that ?
He cannot as what you are describing is against EU law.
TLDR: I donāt know what you are trying to prove here. It is illegal within EU to sell these to retail investors.
We donāt like it either but law is clear. Retail investors cannot buy any packaged products without a PRIIPs compliant KIID inside UK & EU.
If you are really buying these as I havenāt used any of those platforms.
a- you are using a foreign trading platform
b- the trading platform you use, is disclosing you as a ānon-retailā trader. (as in you are trading company or trading is your profession)
Gaining non-retail status is not as simple as having X amount of money (although 30K is a very low limit) There are several conditions and it will affect your tax status (at least in the UK) Even if you meet all the conditions it is still discretionary and up to your broker to grant you that. I am pasting an excerpt at the bottom of this post.
I can imagine some retailer blanket granting this option to all their customers above X amount of investment (because MIFID II is full of grey areas for interpretation) but I am almost certain this will have legal ramifications.
What is a retail investor?
The definition of āretail investorā encompasses anyone who is not a professional client as defined in MiFID2. Under MiFID, investors that are not automatically considered āper se professional clientsā must meet certain requirements set out in two tests (a qualitative test and a quantitative test) in order to elect to be able to be treated as āelective professional clientsā, and not as retail investors. Under MiFID II (which comes into force on 3 January 2018) local government pension schemes must be treated as retail investors unless they can be āopted upā to an elective professional client.
The qualitative test
UK Managers will be familiar with the qualitative test as this is the test used by them under the UK rules to āopt upā their executives and āfriends and familyā to elective professional client status. This is the only āopt upā test which needs to be met in such circumstances because operating a private equity or venture capital fund is non-MiFID business under the UKās FCA rules. Under the qualitative test, the Manager must undertake an adequate assessment of the expertise, experience and knowledge of the individual that gives reasonable assurance, in light of the nature of the transactions or services envisaged, that the individual is capable of making his / her own investment decisions and understanding the risks involved. Certain disclosures must also be provided. It is generally a fairly straightforward test for a Manager to operate.
The quantitative test
For the purposes of the Regulation (which follows the MiFID tests), the qualitative test alone is not enough. Investors must also meet a more onerous quantitative test, by satisfying at least two of the following criteria:
- the investor has carried out transactions, in significant size, on the relevant market at an average frequency of 10 per quarter over the previous four quarters (very few, if any, investors in private equity and venture capital funds will be investing in 40 funds per annum) ;
- the size of the investorās financial instrument portfolio, cash deposits and financial instruments, exceeds ā¬500,000 (a number of investors will likely meet this test) ; and
- the investor works or has worked in the financial sector for at least one year in a professional position, which requires knowledge of the transactions or services envisaged (this test will likely be met by some of the Managerās investment staff but friends, family, high-net-worth investors and sophisticated investors will not necessarily have worked in the private equity or venture capital industry) .
The FCA is implementing a different, more tailored, quantitative test for local government pension schemes which, it is expected, the larger local government pension schemes will be able to meet. This is as follows:
- the size of the investorās financial instrument portfolio, cash deposits and financial instruments, exceeds Ā£10m; and
- either:
- the investor has carried out transactions, in significant size, on the relevant market at an average frequency of 10 per quarter over the previous four quarters; or
- the person authorised to carry out the transaction on behalf of the investor works or has worked in the financial sector for at least one year in a professional position, which requires knowledge of the provision of services envisaged; or
- the investor as an āadministering authorityā of the Local Government Pension Scheme (in accordance with the relevant regulations) is acting in that capacity.
As it can be hard to meet the quantitative test, a number of investors in private equity and venture capital funds previously treated as āprofessional clientsā (including smaller local government pension schemes) will likely be considered retail investors for the purposes of the Regulation. As such, Managers may well be in the position of marketing to investors that meet the qualitative test and can therefore be considered āelective professional clientsā for the purposes of being eligible to invest in the fund under current FCA rules, but that nonetheless will be considered retail investors for the purposes of the Regulation because they do not meet the quantitative test.
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nothing, only pointing out, that there are ways to get those US ETFās and also CEF and MLPās.
Interestingly enough not even all the big banks are blacklisting the same onesā¦for example, Consors and Comdirect have differencesā¦so there seem to be loopholes.
Nevermind, everyone can do what he wants, where he wantsā¦not forcing you to do anything. Have only pointed out to @DutchyJB where he can get ARK
and now Iām out of hereā¦
c u
I refer you to what my esteemed and rational colleagues wrote above. ^
Your account is over the threshold to re classified as non-retail
I too hold ARKK in my Stake account (ie. so I know itās possibleā¦but thanks for pointing that outā¦ oh, wait, no, I pointed that out already)
But I thank you for the inference that I am somehow wrongā¦ when, in fact, all information was provided and youāve simply confirmed. Thank you for your positive and informative input in to the debate.
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