S&P 500 Index
Asked on 21 Mar 2019
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 :)
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.
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!