George Osborne gives investors yet another reason to like ETFs

Removing stamp duty from ETF share purchases could mean a cut in charges for the already cheap funds, says Ed Bowsher.

Managers of UK-domiciled exchange traded funds (ETFs)will no longer have to pay stamp duty when they buy shares for their funds, George Osborne revealed today.

The move is designed to encourage more ETFs to come to London and to be domiciled' in the UK. ETFs domiciled in, say, Luxembourg already avoid stamp duty on their purchases.

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Ed Bowsher

Ed has been a private investor since the mid-90s and has worked as a financial journalist since 2000. He's been employed by several investment websites including Citywire, breakingviews and The Motley Fool, where he was UK editor.

 

Ed mainly invests in technology shares, pharmaceuticals and smaller companies. He's also a big fan of investment trusts.

 

Away from work, Ed is a keen theatre goer and loves all things Canadian.

 

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