Sorry administrator for posting this in the wrong thread. i have no idea how to post this on the main thread.
if i want to get exposure to China H-shares , should i get lyxor China-H US$ (listed in Singapore) ETF OR 2828.HK ETF ( listed in Hong Kong)?
WHich one is more cost efficient ? i dont know about the tax implication but i am leaning more towards 2828.HK ETF as it has higher liquidity.
Thanks and sorry admin again
I have moved the post into a new thread in ETF sub-forum.
Regards
Moderator
I use 2828.hk cos I prefer a non-synthetic etf. lyxor one is likely based on swaps or synthetic if not wrong.
I guess either is fine. You may want to choose the etf that incur less commissions.
(07-07-2015, 05:10 PM)thinknotleft Wrote: [ -> ]I use 2828.hk cos I prefer a non-synthetic etf. lyxor one is likely based on swaps or synthetic if not wrong.
I guess either is fine. You may want to choose the etf that incur less commissions.
Thanks Cityfarmer!
Hi thinknotleft.
Is there withholding taxes or the related and may I ask which platform u use to buy 2828.HK?
I think u are right that lyxor is synthetic.
I'm using Scb BTW.
I bought 2828 also because it is a physical ETF. I have been getting my half yearly dividend, not aware that there is any withholding tax. I looked at the tax amount from Poems and it says $0.0.
I am not sure about scb. U have to check yr brokerage fees; there cld be custodian fee, higher commission for hk shrs compare to sg stocks, service fee for dividends etc. If you don't mind lyxor, I guess the brokerage fee may be lower for lyxor.
Just initiated 2828.HK using SCB and realised that their currency rates are disgustingly ridiculous....and most ridiculous is i still went ahead, only later realising my folly.
Anyway SCB has no custody fee nor any related charges...but the catch is in the currency conversion.
(09-07-2015, 09:03 PM)Stephen Wrote: [ -> ]Just initiated 2828.HK using SCB and realised that their currency rates are disgustingly ridiculous....and most ridiculous is i still went ahead, only later realising my folly.
Anyway SCB has no custody fee nor any related charges...but the catch is in the currency conversion.
There is practically no free-lunch, right?
Shout out to all who use scb to invest, is there a way u get around the currency conversion of scb?
One way I thought of is to go money exchange and then deposits the currency into scb .pay 5 bucks for counter services. Too tedious.
Any other way? Anyone tried changing in interactive brokers to foreign currency and transfering to scb .?