Summary of the key points from the article:
- Many Singaporeans invest in the S&P 500 via SPY or VOO ETFs listed in the US, unaware of better options locally.
- Investing in US-listed ETFs exposes Singaporeans to additional costs: custodian fees, dividend withholding tax (30%), and US estate taxes.
- CSPX (UCITS) offers tax advantages but still incurs custodian fees.
- Robo-advisors like EndowUs offer access to the S&P 500 using CPF/SRS, but fees can add up.
- SGX-listed SPDR S&P 500 ETF (S27) avoids custodian fees and allows SRS and CDP investing.
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