4 New Ireland-Domiciled ETFs on SGX: XUS, XND, XWR & EUS Guide (2026)

Xtrackers brings 4 UCITS ETFs to SGX — S&P 500, Nasdaq 100, MSCI World and Equal Weight, all in SGD with 15% withholding tax.

Four new Ireland-domiciled UCITS ETFs are coming to SGX — XUS (S&P 500, 0.03% TER), XND (Nasdaq 100, 0.20%), XWR (MSCI World, 0.12%) and EUS (S&P 500 Equal Weight, 0.15%). Issued by Xtrackers (DWS), these accumulating funds trade in SGD, are SRS-eligible, and benefit from 15% withholding tax on US dividends under the Ireland-US tax treaty — half the 30% rate on US-domiciled ETFs like VOO.

Not financial advice. All figures are for educational reference only. Data as at September 2026 unless noted.

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What’s Happening: 4 Xtrackers UCITS ETFs on SGX

Singapore investors will soon have direct SGX access to four Ireland-domiciled UCITS ETFs, scheduled to begin trading on 13 October 2026. These are cross-listings of existing Xtrackers UCITS ETFs managed by DWS, a European asset manager. The existing funds have combined assets under management ranging from approximately US$2.6 billion to US$30.7 billion as at end August 2026, so these are not untested new launches — they are established funds now accessible through a new listing venue.

Here is what each ETF covers:

• XUS — Tracks the S&P 500 Index (500 largest US companies, market-cap weighted). TER: 0.03%.
• XND — Tracks the Nasdaq 100 Index (100 largest non-financial companies on Nasdaq, tech-heavy). TER: 0.20%.
• XWR — Tracks the MSCI World Index (large and mid-cap companies across developed markets — note: this does not include emerging markets). TER: 0.12%.
• EUS — Tracks the S&P 500 Equal Weight Index (same 500 companies as XUS, but each given roughly equal weighting, reducing mega-cap concentration). TER: 0.15%.

All four ETFs are accumulating — dividends are automatically reinvested into the fund rather than paid out. They trade in SGD on SGX during Singapore market hours, with a minimum lot size of one share once secondary trading begins. Based on indicative prices as at 15 September 2026, XUS was approximately S$20 per share, EUS around S$85, XND around S$150 and XWR around S$200.

Critically, all four are expected to qualify for SRS investment, subject to eligibility requirements and platform support. For Singapore investors who have been using their Singapore retirement calculator to plan their portfolio, these new SGX-listed options could simplify the process of deploying SRS funds into low-cost global index ETFs.

All 4 ETFs at a Glance

Source: Xtrackers by DWS, indicative prices as at 15 September 2026. All ETFs are Irish-domiciled, accumulating, and traded in SGD.

Why Ireland-Domiciled Matters for Singapore Investors

The domicile of an ETF — where it is legally registered — has a direct impact on how much tax a Singapore investor pays on dividends from US equities. This is the single most important reason Singapore investors have historically looked beyond SGX-listed ETFs and bought Ireland-domiciled UCITS ETFs on the London Stock Exchange instead.

Here is how the tax structure works:

US-domiciled ETFs (e.g. VOO, QQQ, SPY) — listed on NYSE or Nasdaq. Under US tax law, Singapore investors who are non-US tax persons face a 30% withholding tax on all dividend distributions. On top of that, if your total US-situs assets exceed USD 60,000, your estate could be subject to US estate tax of up to 40% upon death — a risk that many investors underestimate.

Ireland-domiciled ETFs (e.g. CSPX, VWRA, and now XUS, XND, XWR, EUS) — registered in Ireland under the UCITS framework. Under the Ireland-US tax treaty, these funds pay only 15% withholding tax on US-sourced dividends at the fund level. There is no US estate tax exposure for the end investor, regardless of portfolio size.

Source: IRS withholding tax rates for non-resident aliens, Ireland-US Double Taxation Treaty. September 2026.

What this means in dollar terms: A Singapore investor with a SGD 100,000 portfolio in S&P 500 ETFs (assuming a 2% dividend yield) would see approximately SGD 300 withheld annually in a US-domiciled ETF like VOO, versus SGD 150 in an Ireland-domiciled ETF like XUS or CSPX. That is SGD 150 per year in tax savings — and it compounds over decades. For an accumulating ETF like XUS, these dividends are reinvested within the fund after the 15% WHT, so Singapore investors face no additional dividend tax on their end.

The key development here is that Singapore investors can now access these Ireland-domiciled tax advantages directly on SGX, without needing an overseas brokerage account that provides access to the London Stock Exchange.

How to Subscribe via Moomoo (IOP Details)

The initial offer period (IOP) for all four Xtrackers UCITS ETFs opened on 21 September 2026, with moomoo Singapore as the exclusive participating dealer. During the IOP, investors can subscribe at a price based near the ETF’s net asset value (NAV) with a 0% subscription fee — there is no bid-ask spread to worry about, unlike buying on the secondary market after listing. The minimum subscription is S$1,000 per ETF, and there is no limited allotment — you will receive what you subscribe for.

The subscription deadlines differ by ETF:

Source: Moomoo Singapore, Xtrackers by DWS. September 2026.

If you do not already have a moomoo Singapore account, you can sign up using referral code 7KNTEY4M at our moomoo referral code page for exclusive sign-up bonuses. Once your account is set up and funded, search for the ETF ticker (e.g. XUS.SG) within the moomoo app and look for the subscription option during the IOP window.

After the IOP closes, all four ETFs are tentatively scheduled to begin secondary trading on SGX on 13 October 2026. Once trading starts, investors will be able to buy and sell through any brokerage platform that supports the respective SGX counters — not just moomoo.

How They Compare to CSPX, VWRA, VOO & IWDA

If you already invest in Ireland-domiciled UCITS ETFs on the London Stock Exchange, the natural question is: how do these new SGX-listed Xtrackers ETFs stack up against established names like CSPX, VWRA and IWDA?

Source: Xtrackers by DWS, iShares, Vanguard fund factsheets. September 2026.

Several things stand out. XUS matches VOO’s rock-bottom 0.03% TER while keeping the Ireland-domiciled tax advantage — something CSPX at 0.07% TER cannot quite match. For S&P 500 exposure, XUS on paper offers the lowest total cost option among Ireland-domiciled ETFs available to Singapore investors. Meanwhile, XWR at 0.12% TER undercuts IWDA’s 0.20% for MSCI World exposure, though both track the same index.

However, a critical caveat: TER is not the same as total cost. Once these ETFs start trading on SGX, investors should watch the bid-ask spread carefully. New listings often have wider spreads initially, and brokerage commissions on SGX may differ from what you pay on the LSE through platforms like Interactive Brokers. The total cost comparison will only become clear after 13 October 2026 when actual trading data is available.

One important distinction for VWRA investors: XWR tracks the MSCI World Index, which covers developed markets only. VWRA tracks the FTSE All-World Index, which includes both developed and emerging markets. If emerging market exposure matters to your portfolio, XWR is not a direct substitute for VWRA.

For investors interested in the equal-weight S&P 500 approach, EUS provides a way to reduce mega-cap concentration risk — the top 10 holdings account for roughly 20% of a market-cap weighted S&P 500 ETF. EUS spreads the allocation more evenly, which can perform differently during periods when mega-cap tech stocks diverge from the broader market.

Should You Buy on SGX or Stick With the LSE?

This is the practical question many Singapore passive investors are asking right now. Here is how to think about it:

Reasons to consider the new SGX-listed ETFs

Simpler brokerage access. You do not need an overseas brokerage that supports the London Stock Exchange. SGX is accessible through most local brokerages, including those many Singaporeans already use for local stocks and REITs. This matters most for investors who find platforms like Interactive Brokers intimidating or do not want to maintain a separate overseas account.

SRS eligibility. Deploying SRS funds into Ireland-domiciled UCITS ETFs was previously limited by whether your broker’s SRS arrangement supported overseas exchanges. With SGX-listed options, this becomes significantly easier. If you are contributing to SRS and want global equity exposure, this is a meaningful improvement.

SGD-denominated trading. You buy and sell in SGD, avoiding the need for a separate FX conversion through your broker. This is a convenience factor — it does not remove underlying currency exposure to USD and other currencies in the ETF’s holdings, but it does eliminate one layer of transaction friction and FX spread costs.

CDP custody option. Some brokers may support holding these ETFs through your CDP account, giving investors who prefer direct custody an additional option beyond custodian-held accounts.

Reasons to stay with LSE-listed ETFs

Proven liquidity and tight spreads. CSPX, VWRA and IWDA have deep trading volumes on the LSE with tight bid-ask spreads. The SGX counters will be brand new, and initial liquidity may be thin. For larger portfolio allocations, the cost of wider spreads could outweigh TER savings.

Established track record. While the underlying funds are the same (these are cross-listings), the SGX trading line itself is new. Some investors prefer to wait until there is sufficient trading history and market-maker depth before committing capital.

VWRA includes emerging markets. If you want both developed and emerging market exposure in a single fund, VWRA remains the better choice. XWR’s MSCI World index covers only developed markets.

Our suggestion: if you are starting fresh and prefer simplicity, subscribing to XUS or XWR during the IOP via moomoo is a low-friction way to begin — 0% subscription fee, NAV-based pricing, and no need for an overseas brokerage. If you already hold CSPX or VWRA on the LSE, there is no urgency to switch. Monitor the SGX bid-ask spreads and total trading costs after listing before making a decision. Consider using the Syfe referral code or our moomoo referral code for sign-up bonuses if you are opening a new account to access these ETFs.

Not financial advice. All figures are for educational reference only. TKN may earn referral fees from broker sign-ups through our referral links. Data as at September 2026.

Frequently Asked Questions

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Subscribe to the new Xtrackers UCITS ETFs during the IOP, or explore our guides to find the best ETF strategy for your portfolio.