UCITS

• What are UCITS ETFs?

  UCITS, or Undertakings for Collective Investment in Transferable Securities, are investment funds that comply with European Union regulations, and designed to protect investors. They offer several key benefits:

  Tax advantages: UCITS ETFs typically benefit from a 15% withholding tax on dividends, which is generally lower than the 30% withholding tax applied to US ETFs. This means that, in most cases, investors in UCITS ETFs will receive more of their dividend income compared to investing in US-listed ETFs.

  Example:

  Suppose a $100 dividend is paid out by both a US ETF and a UCITS ETF:

  • US ETF: You will pay $30 in withholding tax (30%), and receive $70 in dividends.
  • UCITS ETF: You will pay $15 in withholding tax (15%), and receive $85 in dividends.

  This lower withholding tax on UCITS ETFs can result in higher net dividend income for long-term investors.

  Strong protection

  • Strict EU regulatory oversight
  • High governance standards
  • Enhanced investor protection

  Global access

  • Access to global markets and assets
  • Easy diversification 

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• Can I trade with any amount?

  Yes, you can! We allow fractional trading for UCITS ETFs, so you can start investing from USD$50. This means you can purchase a fraction of a UCITS ETF unit, making it ideal for a flexible investment strategy.

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• Which UCITS ETFs can I invest in?

  The following ETFs are available for trading on our platform:

  • Vanguard FTSE All-World UCITS ETF (VWRA)
  • iShares Core S&P 500 UCITS ETF (CSPX)
  • iShares Core MSCI EM IMI UCITS ETF (EIMI)
  • Xtrackers S&P 500 Equal Weight UCITS ETF (XDEW)
  • Xtrackers MSCI World UCITS ETF (XDWL)
  • iShares USD High Yield Corp Bond UCITS ETF (IHYU)
    
    

  Have another UCITS ETF to recommend? Reach out to our Client Services team—we’ll be happy to hear from you.

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• What order types do you support?

  For buy orders

  • Market orders by value: Invest any amount starting from US$50

  For sell orders

  Market orders by quantity: No minimum quantity

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• What is the trading schedule like?

  These UCITS ETFs are traded on the London Stock Exchange (LSE) from 8:00 AM to 4:30 PM GMT (4:00 PM to 12:30 AM SGT) on Mondays to Fridays, excluding LSE trading holidays. 

  Please note that UCITS orders are not executed in real time. All orders are generally scheduled to be executed weekly on Tuesdays. 

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• How are orders processed?

  1. Order collection
     All buy and sell orders are collected until 10:00 AM SGT every Tuesday. Their status will be as follows:
     
     Submitted: Until 10:00 AM SGT, Tuesday. Cancel anytime before this.
     Scheduled: After 10:00 AM SGT, Tuesday. Order is locked with no cancellations allowed.
     
     
  2. Order execution

  Buy orders: We use a Time-Weighted Average Price (TWAP) strategy for fairer pricing. Orders are spread out into smaller purchases over Tuesday on a best effort basis.
  
  Sell orders: We place Market-On-Close (MOC) orders to ensure trades are completed at the market's closing price for clearer pricing. 

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• What happens if my order fails?

  While we try our best to execute all orders as planned, market disruptions or technical issues may occur. For minimal disruption, we leave a one-day buffer to reprocess these orders for proper execution. This means that if the order was not executed on Tuesday, they will be executed by Wednesday before 6 PM SGT.

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• Can I auto-invest with UCITS ETFs?

  Auto-invest lets you automate your UCITS investments on a periodic schedule. This allows you to benefit from dollar-cost averaging without manual intervention. Please note auto-invest orders for UCITS are not executed in real time, but on the Tuesday after your selected investment date.

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• How are dividends managed?

  Dividends from your UCITS investments, if any, will be credited directly to your Brokerage account after applicable taxes are deducted. Dividends are typically processed within 2–3 business days following the payout.

  Important notes

  • Third-party broker execution: All orders are placed with a third-party broker on a best effort basis.
  • Contingency plan: In case of any issues, a one-day buffer is put in place to handle order adjustments.

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• When will UCITS ETFs appear in my holdings?

  As soon as the orders are executed UCITS ETFs will appear in your holdings before Wednesday, 6 PM SGT. You will also receive trade confirmations for your orders on the same day.

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• What is the settlement period for UCITS ETFs?

  The settlement for UCITS ETFs typically follows a T+2 schedule, which means trades are settled two business days after they are executed.

  
  *This may not be accurate for all nationalities and/or tax residencies. This should not be construed as tax advice. We recommend clients to seek independent financial or tax advice, where appropriate and/or necessary.

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