I don't know if Edmunds' is ignoring WEBS, but they do have pretty high expense ratios. The last time I checked, they were between 1.00% and 1.50% depending on the country. The expense ratio for the SPY is only 0.1875%. intercstI was also put off by these high fees when I first looked at them, but they still seem low compared to many mutual funds that invest in overseas accounts. I hold a couple of Vanguard indexes, Europe and Pacific, for which the fees are only 0.29% and 0.40%, respectively. I think there is also a small up-front fee (0.5%?, not sure) for new purchases that gets paid back into the fund so it does not get counted as a load. I think it is probably just more expensive to trade in overseas markets. I doubt if there are any $7/trade discount brokers in Japan. 8^) Still, I wonder if WEBS are a good deal. I have never talked to anyone that actually held them. Perhaps some readers of this board have experiences to share with us?-- John
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