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Singapore-listed Dow ETF offers local investors a gateway to US stocks, say panellists


Published on 2024-11-26 16:41:00 - Thomas Matters, WOPRAI
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  • Wong: It's the same. So if you buy anything that is listed in the US, be it an ETF or a stock, whenever it pays dividends, an investor in Singapore will get hit by a 30 per cent withholding tax. That's just the tax law that we all cannot run away from.

The article from The Business Times discusses the launch of the Singapore-listed Dow Jones Industrial Average ETF (Exchange Traded Fund), which provides local investors with a new avenue to invest in U.S. stocks. Panellists at a recent event highlighted that this ETF, managed by Nikko Asset Management, offers a cost-effective and convenient way for Singaporean investors to gain exposure to some of the largest and most influential companies in the U.S. They emphasized the benefits of diversification, lower transaction costs, and the ability to trade in Singapore dollars, reducing currency risk. The ETF tracks the Dow Jones Industrial Average, which includes 30 prominent U.S. companies, offering a snapshot of the U.S. economy's health. The discussion also touched on the potential for this ETF to attract both retail and institutional investors looking to tap into the U.S. market without the complexities of direct investment in foreign stocks.

Read the Full Business Times Article at [ https://www.businesstimes.com.sg/companies-markets/singapore-listed-dow-etf-offers-local-investors-gateway-us-stocks-say-panellists ]

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