facebookHow does purchasing US exchange-listed ETFs (RSP) from FSMone affect my earnings? Planning to purchase KURE / CQQQ which is listed on NYSE. Any advice? - Seedly

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Anonymous

06 Aug 2020

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General Investing

How does purchasing US exchange-listed ETFs (RSP) from FSMone affect my earnings? Planning to purchase KURE / CQQQ which is listed on NYSE. Any advice?

I heard that for US-listed ETFs we need to pay more taxes and there is dividend handling fee. Iā€™m quite confused what this means for my earnings. What else do I need to factor in/deduct from my earnings if I am purchasing RSP ETFs (from NYSE or NASDAQ) on FSMone?

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Hi,

US-domiciled ETFs are subjected to 30% dividend withholding tax but no capital gain tax. They are also subjected to minimum USD 2.50 dividend handling fees for FSMone as shown in this link (https://secure.fundsupermart.com/fsm/new-to-fsm...)ā€‹ā€‹ā€‹

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