In Currencies, Reits on 14/10/2016 at 4:28 pm
I was keen to learn more about the Reit ETF that is being promoted.
Until I learnt that a large percentage of the SGX REIT ETF is in Australian REITs: 60% to be precise. Now other than exposure to the A$, the commodity currency, the problem isAustralia has a withholding tax, currently at 15%.
It is also important to note that that the distributions paid by the pool of listed REITs are also subjected to Singapore corporate income tax rate which is currently at 17%. This tax is applicable at the fund level but not at the individual level.
All these taxes, and mgt charges (it’s not a cheap ETF) makes lousy yield of only around 4.5% net.
In Insurance on 19/06/2015 at 4:47 pm
Mr Buffett’s A$500m ($386m, £247m) investment in one of this country’s biggest insurers, Insurance Australia Group (IAG), has spurred speculation about other companies he might invest in.
Mr Buffett does not like taking risks, a senior analyst at investment research firm Morningstar, David Ellis, told the BBC.
“He wants a reliable return, and that’s what the Australian market gives him. It is very mature and well run,” explains Mr Ellis about why the American investor from Omaha has invested in IAG.
In Uncategorized on 07/06/2014 at 4:30 am
They are “warmer” to China and Japan, both much bigger trading partners and investors.
China narrowly eclipses Japan … with 31% of the votes, versus 28% for Japan (Singapore is third, with 12%). China also enjoyed a jump of six percentage points, to 60%, with Australians expressing “warm feelings” towards the country, despite its recent “assertiveness” in the region. (Economist)
A US tech entrepreneur based in the Philippines says of Pinoy IT talent, “The good ones have left for Singapore or Hong Kong. It makes it hard for tech entrepreneurs to operate here,” he says.
So that Pinoy IT Trash working here is actually a Talent back home.
In Banks, China on 20/04/2012 at 7:24 pm
An Australian who recently retired as head of Standard Chartered’s business in China believes there’s a strong chance of a major Chinese lender picking up a cornerstone stake in one of Oz’s big four banks within a few years. The Age carried an interview with Mike Pratt, , who says it’s “highly possible” that a major Chinese player will take a stake of up to 15% in a major Australian bank this decade”.
ANZ Bank would make the most sense, given its super-regional bank strategy. Commonwealth Bank is increasing its presence in Asia but is nowhere as regional as ANZ Bank.
Westpac (a portmanteau of “Western-Pacific”) despite its name, and National Australia Bank both focus on Oz after misadventures abroad.
In Investments on 29/11/2009 at 7:02 am
Dear Mr Cynical Investor
I thought I would add my two bits worth after reading your piece on “New thinking on Asian Stocks”. If you think that dividend yields of 2.8% for Asian markets is exciting may I tickle you with dividend yields of 6% plus for Australian banks (the major 4 being among the world’s top ten triple A rated banks) and as much as 9% for the nation’s Telecom company, Telstra. With 100% franking (tax credits), FY10 gross yield jumps up to 8-9% for the banks and 13% for Telstra. Using the simple Rule of 72, an investment in Telstra (ceteris paribus of cos) at the gross yield of 13% would double your money in 5 1/2 years.
No wonder the A$ is so strong 😉
From someone who thinks Albert Einstein, Jesus Christ, Ussan Bolt are not a patch on her son — but at least the boy got letter from Kevin Rudd contragulating him that among he the top 1% A-level students.