facebookWith regards to FSMone's RSP foreign currencies ETF, would FSMone auto convert SGD to the respective currencies for the RSP or do I have to manually convert money to the respective currencies? - Seedly

Anonymous

30 Jun 2020

βˆ™

General Investing

With regards to FSMone's RSP foreign currencies ETF, would FSMone auto convert SGD to the respective currencies for the RSP or do I have to manually convert money to the respective currencies?

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Tan Wei Ming

30 Jun 2020

Founder and Writer at Frugal Youth Invests

You can do a CAT top up with the relevant currency for the RSP but for myself I will manually do the conversion on FSMOne.

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I encountered this recently in my purchase of US based ETF via FSMone.

The SGD was in my Auto-sweep whereby the conversion was auto.

However, when I sold off the ETF, the USD will be put back into Cash Holdings as USD. There is no auto-conversion on sale.

Hope this helps!

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