VANGUARD WORLD FD VANGUARD HEALTH CARE ETF – US92204A5048
For the purposes of the ISA regulations, Exchange Traded Funds (ETFs) are treated as collective investment schemes. As no such schemes are authorised by the FCA in the UK, only non-UK domiciled ETFs can qualify for ISA inclusion. Schemes must either be EEA based UCITS compliant schemes which are recognised by the FCA under section 264 FSMA 2000 or EEA/non-EEA schemes which are recognised under sections 270/272 FSMA 2000.
Some fund providers (Vanguard for example) offer both US and European domiciled ETFs and whereas the US ETFs won’t be ISA qualifying, the European ETFs may (and usually do) qualify for ISA inclusion as they meet the ‘recognised UCITS’ criteria.
Although it is possible (in theory) that a US domiciled ETF could meet the ISA criteria, we have yet to see a US registered ETF that has acquired the necessary FCA recognition needed to be ISA qualifying.
This ETF isn’t on the FCA register so not ISA qualifying.