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Tax concerns fuel US$560 million ETF inflows

Fuelled by concerns of a 30% withholding tax on dividends paid by US underliers, private banks continue to shift exchange traded funds (ETFs) to friendlier domiciles, note iShares, highlighting the move as a major driver of US$560 million in Asian high net worth inflows. “This trend of buying UCITS ETFs due to tax implications, which began last year, continues as the…

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