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Buying ETF's from Singapore - advice needed

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mugsey68
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Buying ETF's from Singapore - advice needed

Postby mugsey68 » Fri, 31 Jul 2009 12:13 am

I have some money to invest. I want to use low-cost index trackers as my main vehicle, but am finding what is on offer in Singapore limited and too expensive.

Therefore i have decidied to use ETF's. I have a fair idea of my asset allocation and will be choosing funds accordinly.

My questions -

1) Is it simply a question of opening an account with a low-cost broker (E*Trader for example) and buying the funds?

2) Can anyone recommend a good low-cost broker

3) Any other advice in buying ETF's in Singapore.

Thanks in advance.

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littlegreenman
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Location: London/Singapore

Postby littlegreenman » Tue, 04 Aug 2009 3:06 pm

I am actually very happy with Tradejet. They have very low costs and give you access to a range of markets and funds and you automatically get USD,EUR and CHF accounts. On the downside you do not have that much access to Asian markets if that is what you are after but can still buy Asian ETFs. Further bonus is that the Swiss banking secrecy comes with it for free (keeping in mind though that it is no longer what it used to be). Also to note, no income tax whatsoever.

PS: They are available in both German and English.


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