I got news from Andrew Hallam’s blog that Vanguard, the US investment company has gain approval to trade a selected group of ETFs in HKSE.

This is big because if  you would want to form a portfolio of low-cost index ETF, your best bet is to go for the non profit investment management company that’s objective is to minimize costs and create products that benefit investors.

Vanguard was started in the 1970s by John Bogle, well known for being a fierce advocate of passive index investing.

Last year, we covered over here that Vanguard attracted more money than many of its competitors, meaning more are starting to realize the benefits of passive index investing vesus active investing.

No withholding dividend tax

While investors in Singapore can purchase Vanguard ETFs listed in US stock market, the main peeve are currency fluctuations and a 30% withholding tax on dividends.

The withholding ...