Alec Hogg: How to buy Xero shares

There was plenty of excitement around the new inclusion in the BizNews Share portfolio during yesterday's webinar. But for some, including me, it was disappointing to discover after the event that Standard Bank Webtrader clients are unable to purchase the Aussie-listed stock. Not for the moment anyway.

Also read: Alec Hogg: Adding Xero to our portfolio

Standard Bank's Brett Duncan told me afterwards that Australia is one of the few major exchanges Webtrader doesn't cover. Reason: the Aussies apparently know how to charge top dollar – and as there has been very little demand for ASX shares from Webtrader clients, access was dropped.

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