Back
AU vs US shares
First-time investor
Hi, I’m fairly new to investing and this is a dumb question but what is the difference when investing in the AU shares vs US shares tab? Is it that the AU shares are funds held by brokers in Aus and the US one is US brokers? Is there a better option for an Aus investor? What are the tax implications of investing in US EFTs over Aus ones? Thanks, Molly
303 views
Share
5 likes
Comments (4)
Sign in to add a comment
Hi Molly,
Not a dumb question at all.
AU and US shares on pearler is designed to sit alongside one another. Although pearler investors tend to put most of their portfolio into ASX ETFs (some of which also include US holdings), there are some companies (see here) you can only own directly through our US account.
AU shares on pearler is CHESS-sponsored, whereas US investing works upon a custodial system. A benefit of that system is that certain tax-related tasks such as filling out and submitting a W-8BEN form is automatically done for you when you activate your US account.
For some further details on US investing, please check out this FAQs article.
Reply
2 likes
View 1 reply