DWS and iFAST Expand UCITS ETF Distribution in Singapore

DWS and iFAST plan to launch four co-branded UCITS ETFs on the Singapore Exchange, covering AI and big data, Taiwan, Korea and Japan. The partnership gives DWS’s Xtrackers range access to iFAST’s Asian distribution network, including its 1.5 million-account FSMOne platform. The Irish-domiciled UCITS structure can offer Singapore investors tax advantages over US-domiciled ETFs, including lower US dividend withholding and exemption from US estate tax. The expansion comes as DWS prepares to exit its Hong Kong ETF listings.