This is not directly related to Shonky's "When is VWRL not VWRL" post, but it seemed a good title to piggy-back on
![Smile :)](./images/smilies/icon_e_smile.gif)
For largely administrative reasons, today, I sold all VWRL (the distributing version of the ETF) in my wife and my SIPP's and repurchased VWRP (the accumulating version). I sold VWRL at c£92.26 (closing price £91.62) and bought VWRP at c£88.15 (closing price £87.71). The trades were "free" (in that the commission was covered by credits from my II subscription). The buying versus selling price ratio was approximately 95.55% and the matching closing price ratio was approximately 95.73%, so, if anything, I may have marginally profited from the trade thus far, though this was an accidental nominal gain if so.
My main reason for doing this was to avoid the USD distributions (dividends) from VWRL - even if for only not having to remember to convert them to GBP once a quarter for reinvestment (yes, there is a transaction cost as well, but this is a percentage of a percentage, so doesn't bother me that much). Like I said above - administrative reasons.
I haven't done it yet, and may not, for the same holdings in the ISA's and JISA's - they are not allowed to hold USD, so II automatically converts the distributions into GBP from USD.
I thought this may be of interest to some - indeed, it wasn't that long ago that I discovered VWRP existed.
Regards, Newroad