Asked by Anonymous

Investing into Irish-domiciled S&P 500 ETF?

I am already vested in US-domiciled etfs (VTI, VGK, VPL, VWO) via Autowealth. I am now also looking into manually invest into Irish-domiciled etf to reduce the withholding tax from 30% to 15%. I am looking at the S&P 500 index, and some recommended the CSPX fund by iShares which is also an accumulating fund. Any other irish-domiciled etfs that tracked the S&P 500 worth considering? In addition, any things to keep in mind when buying Irish-domiciled etf? many thanks :)

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  • Nicholes Wong
    Nicholes Wong, Diploma in Business Management at Nanyang Polytechnic
    Level 6. Master
    Answered on 22 Mar 2019

    VUSD is another one you can consider but its not accumulating etf.

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  • Gabriel Tham
    Gabriel Tham, Kenichi Tag Team Member at Tag Team
    Top Contributor

    Top Contributor (Apr)

    Level 8. Wizard
    Answered on 21 Mar 2019

    I believe ishares or vanguard will offer one of the lowest expense ratios already. These 2 giants are the biggest and competing directly with each other for etf investors.

    Personally, I prefer all-world etf. US still a big portion of the world etf but in the case that US falls off, at least the etf would balance into other countries.

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  • Kenneth Lou
    Kenneth Lou, Co-founder at Seedly
    Level 8. Wizard
    Updated 6d ago

    Hi there! I wrote about this extensively here:

    But to touch on your last point... On some things to note.

    What i understand is that the Ireland domiciled ETFs closely replicate the Similar composition of the US ETF, so in that sense it’s the same thing but with:

    • lower transaction volume (bid ask spreads)
    • sightly higher expense ratios

    But your witholding tax on your dividends are at 15% instead of the normal 30% tax if you were to directly buy a US domiciled ETF.

    Personally, i’ve not done this but based on extensive research this is what I’ve found!

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