Hello everyone I am really keen to invest in an ETF or Index fund tracking the US S&P 500. I have noticed that Blackrock now have Australian domiciled iShares ETF. Does this mean the currency risk aspects are minimised somewhat or it won't make much difference? I understand how the value of the $AUD could affect returns, but if we are now buying and selling units in AUD, and if this index does indeed track that index closely, I am struggling to see how the currency risk comes into play and how it is any different to buying an ETF tracking an ASX index. Is the problem that the ETF itself will find it harder to track the index closely due to currency fluctuations? and the currency risk isn't so much with me buy and selling?