If I was about to buy some LU0508799334, hold them for a while (ideally about 20 or 30 years) and then sell them again, could that be problematic?
Its KIID specifies that the costs of buying or selling it would be 3%, but at least 5000 EUR, and it also specifies its share class as "Anteilklasse I D" which usually means Investment grade.
But on the other hand, this ETF seems to be for sale on many platforms through exchanges, but also through the partners of these platforms (Quotrix, Baader Bank, Tradegate etc.). For example, on justetf.com, it is listed as "savings plan ready", and onvista.de offers me to buy it via the said platforms.
How does that match? Probably these platforms hold some of this ETF, buy and sell them, and if needed, they buy/sell a big number of them to the issuer, dividing these 5000 € over a big number of ETF shares.
If I intend to sell them in 20 or 30 years, will I be able to do so without unexpectedly having to pay this high amount?
Especially, I worry about the following situation:
- The issuer decides to withdraw the ETF
- I don't get this information in time, eventually try to sell it at an exchange, and fail to find a buyer. In this case, I might be left with selling it to the issuer, leaving with a fee which eats up all my money.
But I guess even then there will be market participants which buy them at a price discount of (maybe) 4 or 5 % and return them "in bulk" to the issuer.
Am I right to be worried, or is it "safe" (for a reasonable definition of safe in the context of investments) to buy it?