facebookHi, I’m interested to invest in the IWDA, which tracks the MSCI World Index. However, as this ETF is listed in LSE, and moo moo does not offer this ETF (correct me if I’m wrong). - Seedly

Anonymous

09 Jun 2021

General Investing

Hi, I’m interested to invest in the IWDA, which tracks the MSCI World Index. However, as this ETF is listed in LSE, and moo moo does not offer this ETF (correct me if I’m wrong).

Should I open another brokerage (IB) to buy this ETF or is there any other ETFs that track the MSCI World Index & it is listed in the US exchange.

Thank you!!

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thefrugalstudent

09 Jun 2021

Founder at thefrugalstudent.com

Hi Anon,

You're right about IWDA being listed on the LSE and Moomoo not having access to LSE. So if you want to invest in IWDA, you'll need another brokerage account with IBKR/SC Online that has access to the LSE.

The thing to note about Ireland-domiciled ETFs is that even though they are tax-advantaged, the broker fees for investing in the LSE in SG are quite expensive. So investing in them isn't necessarily the best option.

Personally, I think it's fine to invest in US-domiciled versions of similar ETFs. If you want to invest in a world ETF, you can consider VT. I believe the benchmark is different, but it serves the same purpose.

Hope this helps!

Regards,

thefrugalstudent

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