From: "Terry Harper" 
Newsgroups: uk.finance
Subject: Re: Investing in a US index fund with USD
Date: Wed, 4 Feb 2004 21:16:32 +0000 (UTC)
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"Terry Harper"  wrote in message
news:bvrmba$1r3$2@titan.btinternet.com...
> "Andy Coleman"  wrote in message
> news:973dde6c.0402040333.5029de59@posting.google.com...
> >
> > I have a lunp sum in USD currently sitting in a USD account with a UK
> > bank. I would like to invest some of this money into a US index
> > tracker. Who in the UK can handle this for me? A friend sugested
> > E*Trade but they only seem to allow investment in individual stocks
> > rather than an index. I want to avoid FXing the money into GBP.
>
> What you need is a fund denominated in US Dollars, which will probably be
an
> offshore fund, and so not regulated. They are around. Have you tried
Google,
> for "US$ denominated funds"? I'm off-line right now, otherwise would have
> done.

Further to that, the last entry on Google's first page is for a range of
Scottish Widow's funds, denominated in either GBP or USD.
-- 
Terry Harper
http://www.terry.harper.btinternet.co.uk/