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Anonymous
Investing in low cost S&P500 or global ETFs is a great idea, but why do the roboadvisors invest in the ETFs domiciled in the US, which is not tax efficient for Singapore investors.
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Tai Zhi
07 Jun 2019
Chief Investment Officer at Autowealth
Dividends and bond coupons will be subject to a 30% U.S. federal withholding tax in line with tax regulations of the U.S. Internal Revenue Service. Nevertheless, ETFs listed in the U.S. are still preferred over ETFs listed in other countries like the U.K. after taking into consideration factors including liquidity, bid-ask spread, expense ratio, ETF fund size amongst other factors.
AutoWealth works with our partnering custodian to seek partial reimbursement of the withholding taxes from the U.S. Internal Revenue Service, where applicable.
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Samuel Rhee
24 May 2019
Chief Investment Officer at Endowus
Dear Anonymous,
This is a great question and Endowus has reviewed the pros and cons of accessing v...
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The finance industry constantly develops, at increasing pace.
Surely also Ireland domiciled products will find their way to the robos.
And with a very cheap online broker and some reading you're not anymore
dependent on robos, you can invest all by yourself.