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07-07-2015, 03:15 PM
(This post was last modified: 07-07-2015, 10:56 PM by cyclone.)
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
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I have moved the post into a new thread in ETF sub-forum.
Regards
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“夏则资皮，冬则资纱，旱则资船，水则资车” - 范蠡
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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.
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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.
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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.
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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.
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(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?
“夏则资皮，冬则资纱，旱则资船，水则资车” - 范蠡
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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 .?
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