No they don't. If they have perhaps to institutions only, but don't offer to retail. If u call them, they will be clueless. U can check if u want.

Im told u can get like 2% per annum but the rate will depend on the counter n market conditions. Liquid volatile shares will have higher rate. Illiquid n steady shares, you may not even get any.

The SGX one is the SPY listed in the US, cross listed in SGX. Thts why it's only tradable Iin USD.

The HKEX one is a Vanguard fund domiciled in HK investing in the US SnP500 stocks. Tradable in HKD, USD n RMB.

The SGX is slightly cheaper.

But actually it's investing in the same thing n both are reputable asset managers. So not much difference really.

Im assuming u know how ETF pricing works, the ETF "market pricing" as opposed to end of day NAV pricing of unit trust.

The ETF pricing will closely track(but may not exactly be the same as) the NAV of the underlying stocks e.g. The 500 US large cap of the S&P500.

In this case, when SGX open, US market will be closed. The NAV of the ETF will be the closing prices of the US stocks the day before (actually early morning SGX time).

So the etf price in SGX will trade around this NAV but won't be the same. Esp because while the US equity market is closed, the US S&P 500 Futures (i.e. their FKLI) is actually still trading in the night in US. So this may create discount or premium to NAV which is "old".

On the tax, Ireland has the most advantage. US Ireland tax treaty WHT on dividend from US is 15%, not 30%.

This post has been edited by Cubalagi: Nov 5 2019, 03:53 PM

The Ireland S&P500 ones are more like the HK Vanguard S&P500. A separate fund that invest in US listed S&P500 stocks. But pricing will behave similar concept like the Singapore. Market makers are usually the same international brokers. Only that there is a time overlap. Say u are trading the Ireland etf in LSE, London is 4-5 hours ahead of NY. So when London open, NY is still closed. But halfway, NY will open.

Anyway, my view is these ETF are just wrappers of the same chocolate. Selection of the chocolate is more important, rather than the best wrapper.

Oh.. Want to add.. How much chocolate want to eat n when to eat also very important too.. N whether to eat nasi lemak, dim sum, peking duck.. 😆

This post has been edited by Cubalagi: Nov 5 2019, 08:57 PM

Sometimes u might get lucky n get Etf at a nice discount to NAV, esp the less liquid ones. Always good to look out for the iNAV (sometimes called IOPV) when buying an ETF.

Eg 3115 HK ishares HSI ETF

https://www.blackrock.com/hk/en/products/28...-index-etf-fund

Scroll down the page to find the estimated NAV

As at 1.25pm the NAV is HKD102.4

N then check the bid n ask on trading platform/exchange
Bid: HKD102.3
Ask:HKD102.7

No discounts there

N yes, forex costs n taxes are things to consider. That's why my dividend/interest hunting ground is so far Malaysia/Singapore only. If I go to other markets (now easy with many ETFs everywhere), I only look for capital gain, dividend if any just a bonus.

Edited to include link

This post has been edited by Cubalagi: Nov 6 2019, 01:27 PM

Since u asked me, I was looking at some SGX etfs. I never really looked at them much before to be honest. Now I see some interesting ones, which I will consider in the future.


This post has been edited by Cubalagi: Nov 6 2019, 04:59 PM

I never really pay attention to those pairs. U hv to ask forex traders. But US China trade war benefits JPY, that I know.

Its an S&P500 etf so actually the EUR/MYR rate is irrelevant.

HKD is pegged to USD..

This post has been edited by Cubalagi: Nov 7 2019, 03:09 PM

The underlying is USD, so doesn't matter unless after you sell u keep EUR a long time.

QR is a lagging indicator. For eg the current Q 2019 (Oct-Dec) report will only be out in Feb 2020.Big price movements only usually happen if there are surprises, good or bad.

This post has been edited by Cubalagi: Dec 10 2019, 01:47 PM

In this case, EUR is not relevant.

As a side note, a sustained weak USD is very good to KLCI.

Eg. From early 2017 to March 2018, USD weakened vs MYR from 4.45 to 3.86 (13%). In that time, KLCI was up from 1600 to 1850+ (+15%).*

During same period, S&P was also up about 17%. But in MYR terms its only 4-5% returns.

* n buying China may even be better.

This post has been edited by Cubalagi: Dec 10 2019, 08:03 PM

Yes.

I would imagine the returns of your US underlying instrument (CSP1 is it?), would be a bit lousy this past 1 month.

EUR appreciate vs USD and
U want MYR to appreciate vs EUR

I guess that's the wish of many Malaysians.. 😆

This post has been edited by Cubalagi: Dec 11 2019, 01:33 AM

Good for stock market, one less uncertainty. Probably not good for UK long term tho.

With this and US-China Phase 1 "historic deal" . 😆.. I hope we can hv good run in the market until CNY at least.

This post has been edited by Cubalagi: Dec 15 2019, 03:27 PM

Malaysian bull maybe a bit slow to wake up... 😅

Europe bulls are up. Let's see the US one tonight.

U hv asked this Q many times..😆

What matter to u is the US underlying asset. In terms of currency, the EUR is just an intermediary currency.

I don't trade in Europe, but I do trade HK in Chinese stocks/ETF and I experience the same effect. HKD here is another intermediary currency. Basically the Chinese stocks, say Tencent, earn mostly in RMB, but the stock is trading in HKD, which is pegged to USD. In times of RMB strengthening* vs USD (hence HKD), the stock will outperform in HKD terms. This is because the profit is now more in HKD terms.

* However, RMB is closely correlated with MYR, so usually you will see MYR strengthening as well, nullifying the gain from MYR perspective.

So, if the Euro is depreciating vs US, all others things being constant, the stock will go up in EUR terms. So u shouldn't worry.

US bull n HK bull up. Malaysia still sleep..

That's a different story.. Outlook of EUR vs other currencies. I don't hold or plan to hold EUR, so I don't have any view of the Euro.

My investment view is bearish USD in the short term at least.

It's called diversification bro.. And it's one of the free lunch in investing.

https://investorjunkie.com/investing/divers...ion-free-lunch/

Tbh I find etf investing easy, easier than stocks. Basically, I still do stock picking for Malaysian/SG stocks but use ETF to get exposure to other markets which I'm not so familiar/too lazy to do stock research and to gain access to other asset classes like bonds and gold.

I have sold 2/3 of my Goldetf position in late Aug. For about 22% profit for less than a year holding. The balance 1/3 is maintained as minimum just in case.

I do plan to start accumulating gold again next year. Hopefully from gains from equity positions. Im expecting more market volatility closer to US elections and also recession fears/trade war tensions to surface again sometime next year. But right now more bullish equities.