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  • 1 Post By GentleGeorge

Platform for US Index Fund Investing (S&P 500)

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  1. #1

    Platform for US Index Fund Investing (S&P 500)

    Hello,

    Can someone point me in the right direction of which platform to use for investing in an S&P 500 index fund?

    My bank (Hang Seng) offers an S&P 500 fund but they have a crazy amount of fees: subscription fee + management fee + monthly account fee. That's a lot compared to back home where all you have to do in pay a small expense ratio of 0.04%.

    I also checked Interactive Brokers and Fidelity. Both of which don't offer an S&P 500 index fund.

    Any ideas? Or am I stuck paying a ton of fees with Hang Seng?

    Thank you


  2. #2

    Join Date
    Feb 2019
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    2,505
    Quote Originally Posted by ellochewy:
    I also checked Interactive Brokers and Fidelity. Both of which don't offer an S&P 500 index fund.

    Any ideas? Or am I stuck paying a ton of fees with Hang Seng?
    Interactive brokers

    Look again at VOO, SPY, ...
    Sith likes this.

  3. #3

    Join Date
    Oct 2006
    Location
    Hong Kong
    Posts
    15,171

    Most HK brokers offer trading on the US exchanges.


  4. #4

    Join Date
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    FYI -- VOO / SPY etc are ETFs ... not "index funds" like Vanguard Admiral or other mutual fund offerings.

  5. #5

    Join Date
    Mar 2016
    Location
    Malaysia
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    363
    Quote Originally Posted by ellochewy:
    I also checked Interactive Brokers and Fidelity. Both of which don't offer an S&P 500 index fund.
    Does it have to be an "index fund"? Or is an ETF also acceptable to you?