09 Jun 2021
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.
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!
Write your thoughts