Hello I am new to the whole investment thing, and I recently I invested in Vanguard S&P 500 (VUSA), someone told me that it might worth to change them to Invesco S&P (SPXP), I tried to find out the reason of this advice as that is the only way I learn as well, and I found
Whilst I’m no financial professional, the accumulating means they automatically reinvest dividends straight back into your ETF whilst distributing means you get paid the dividend into your account for you to spend however. I believe ‘distributing’ is a little easier (in the UK) to work out your tax should you need to fill out self assessment. It looks like both funds are otherwise similar barring their size and v.small difference in cost.
Like you I was looking at S&p500 ETFs and gettting stumped as to which one is best(and have got one in my portfolio). I have a since discovered other ETFs that appear to have better growth like ishares nasdaq100 and ishares clean energy for a bit of diversification…just a thought.
Oh yes, certainly I invested a bit already in stocks like the one you mentioned, I was just wondering if they are really similar, then you might as well go with the SPXP one as it is slightly cheaper even by 0.2%.