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Anonymous
How do I invest in a fund that tracks S&P500 if I don't have a CDP account?
What funds would you recommend and through which brokerage platforms? Will any dividends received be paid directly to my bank account?
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Christopher Tan
26 Jan 2019
CEO at Providend Ltd
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Jonathan Chia Guangrong
26 Jan 2019
SOC at Local FI
Besides Stanchart, you can consider using TD Ameritrade or interactive brokers for buying into US based equities. SPY would be a very popular Etf that tracks the S&P500. IB can also allow you to access London stock exchange if you wish to access the Irish domiciled etfs mentioned
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Nicholes Wong
24 Jan 2019
Diploma in Business Management at Nanyang Polytechnic
There are things you should know before investing. Singaporeans gets charged a 30% withholding tax o...
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Hi anonymous, thank you for your question and sorry for the late reply. Unfortunately, you do need to open a CDP account if you want to buy an ETF that is listed on SGX that tracks the S&P500 index. If you want to buy it off oversea exchanges, there are factors you need to consider and this has been highlighted below by other memebers.
All the best!