APT 0.00% $66.47 afterpay limited

OK - my situation is very different. I am up here in Singapore...

  1. 654 Posts.
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    OK - my situation is very different. I am up here in Singapore with a brokerage account that already holds US equities. In Singapore there isn't any capital gains tax. I know that I can hold Australian equities but I have no idea whether I can hold some local ASX tracking instrument or not (for instance I was not allowed to participate in the capital raise last year being non-resident) and I don't want to be forced to sell just because my brokerage cannot convert.

    In terms of the tracking, leaving aside the currency aspect I have very high confidence that the tracking instrument would be a mirror. If there were to be any valuation gap, then it would be eliminated by hedge fund traders seeing the arbitrage I would expect.

    KM
 
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