Just answering my own question: https://www.kiwiwealth.co.nz/about-the-custodian
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Just answering my own question: https://www.kiwiwealth.co.nz/about-the-custodian
Hold the phone:
* https://help.hatchinvest.nz/investin...-own-my-shares
* http://www.icbc.com.cn/ICBC/E-bankin...ustodyAccount/
So... they're held by an institution which is 70% owned by the Chinese govt? Such a random way to invest in the US!
Made a small deposit to see how it goes, will make an intail investment in Altria (mo), good USD income play.
:)
Nothing to do with xenophobia, China is a big red flag for me with their increasingly restrictive political climate, non democracy, president for life, clamping down on citizens, vauge property rights etc. I would not want my investments tied up in a country such as China.
Yeah, I tend to agree.. it’s something to keep in mind.. I’m prepared to put a small amount through though, under $50k to avoid worrying about the fif taxes.