The Rising Influence of Rising Affluence

[xavierprivas]

RDS-A vs RDS-B

The mystery deepens. I mostly have RDS-B because of the dividend tax. I read
from reputable source about the dividend tax being phased out Jan '20 so I
started a small position in RDS-A after Jan '20.

Well today I got the dividend and RDS-A dividend is still 15% less than RDS-B.
Tomorrow I am going to convert all my A shares into B shares, no big deal for me.

I follow Brexit since the 2016 referendum because my in-laws are British
and we go there almost every year so I check the pound/dollar rate daily
as a matter of habit. Even though the pound loses a lot vs the euro, especially
the pound/euro exchange swinged a lot during Theresa May tenure to push for
the Brexit vote in parliament, the difference between A and B shares stayed
the same and both types of shares moved in unison with oil price. So the
ADS seems to be immune to currency exchange rate between pound/euro. Your
theory is about the best explanation there is for now.