I have been doing some research and have become interested in investing in an ETF with USA Shares. These are the two I am looking at.
- Vanguard US Total Market Shares Index (VTS)
- iShares S&P 500 (IVV)
My question is how is the price of the ETF controlled? Is it controlled by the Australian Market only?
For example looking at the Vangaurad ETF (VTS) with its current value is $67. Lets say that the AUD and USD is at parity. Lets say overnight the AUD halves its value and is only worth $0.5USD. Now would VTS double in price to $134, assuming no changes in price of the US shares held?