S&P500 fund for execution only PRSA - some questions from a newbie

spectre

I have recently opened a PRSA account with Davy and am looking to get exposure to S&P500. Would be great if someone could answer a few questions I have.

Based on what I can find on the Davy portal, it's cheaper to go with an ETF, when compared to the fund (0.07 AMC Vs 0.10 AMC for the fund). Yet some prefer the fund option. Any reason why I should be considering the fund given its higher charge?

Looking at the ETF, many seem to go for the VUSA option (distributing ETF), but am thinking it may be better to go for its accumulating cousin VUAA to keep FX exposure to a minimum. Is there any reason why one should choose the distributing version?

I understand that I should be buying from the London stock exchanget to avoid the overseas charge (0.1% on purchase) as well as the 25 euro that Davy levies. I presume that the settlement currency is always euro, even if the fund is in USD?

Thanks

Supercell

https://www.boards.ie/discussion/2058329167/s-p500-fund-for-execution-only-prsa-some-questions-from-a-newbie

I have EQQQ and VUSA in mine. VUAA is not tradable on the Davy online platform, just checked all its variants and all give a "not configured" message when I attempt to trade them.

I rarely sell, but you can choose the settlement currency so if selling these I always choose sterling as my settlement currency to avoid fx charges next time. When buying if you dont have enough in that currency they will take from whatever else you have with the associated fx charges of course.