facebookIs there any Singapore-based ETF which is reflecting S&P500 so that I can purchase in SGD instead of converting to USD? - Seedly

Anonymous

10 Apr 2020

โˆ™

General Investing

Is there any Singapore-based ETF which is reflecting S&P500 so that I can purchase in SGD instead of converting to USD?

I don't want the currency exchange fee to eat up my investment.

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Andy Sim

10 Apr 2020

HR Professional at a Financial Institution

Yep there is, the SPDR S&P500 ETF (SGX: S27). But the thing about this is it is domiciled in the US and also listed in USD, so you will have 30% dividend withholding tax, estate taxes and also currency risks. The volume is also v low so the bid ask spread is high. You will be better off investing in an Ireland domiciled ETF like CSPX with lower WHT and accumulating in nature (automatically reinvests dividends for you).

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