Ark Invest ETFs

[Nakedtoes]

Distributed as capital gains instead of dividends. We are not taxed for capital gains

Isst because it is etf? Didn't know abt this...

 

[reddevil0728]

Isst because it is etf? Didn't know abt this...

No.

Cause other etf dividend also will kena

 

[Nakedtoes]

No.

Cause other etf dividend also will kena

Then what is the reason ark etf the dividend dun need deduct 30%?

 

[reddevil0728]

Then what is the reason ark etf the dividend dun need deduct 30%?

Ppl already said it is given as a capital gains distribution.

 

[moolala]

this cathie work in industry for so long, 60 yo, why now then huat

ST say don't have good impression in past, was she just lucky with tesla

 

[reddevil0728]

this cathie work in industry for so long, 60 yo, why now then huat

ST say don't have good impression in past, was she just lucky with tesla

i think cause last time don't really have social media. is self fulfilling in nature. i.e. riding on the fomo wave

 

[Zink00]

Ppl already said it is given as a capital gains distribution.

Whats the difference for the fund manager to distribute as dividend vs capital gain?

 

[stam]

Then what is the reason ark etf the dividend dun need deduct 30%?

Cause it’s stated capital gains distribution instead of dividends.

 

[reddevil0728]

Whats the difference for the fund manager to distribute as dividend vs capital gain?

dunno. maybe that's how they structure the fund?

 

[IndianChief]

Cause it’s stated capital gains distribution instead of dividends.

Its still being taxed, just that it's not visible to you. When Arkk get dividends from its investments, its already taxed.

 

[Zink00]

nikko am partnered with ark. how come expense ratio become 1.6 sia lol
anyone can explain what does partnering means?
https://www.nikkoam.com.sg/sp/nikkoam-ark-disruptive-innovation-fund-lp

 

[IndianChief]

nikko am partnered with ark. how come expense ratio become 1.6 sia lol
anyone can explain what does partnering means?
https://www.nikkoam.com.sg/sp/nikkoam-ark-disruptive-innovation-fund-lp

lol... a way to suck money of sinkies who are not smart enough to buy direct from US

probably ark tell them what to buy

 

[stam]

Its still being taxed, just that it's not visible to you. When Arkk get dividends from its investments, its already taxed.

That’s another story, currently he’s asking about the recent distribution from Ark which was declared capital gains instead of dividends. Singaporeans are not taxed for US shares capital gains.

 

[IndianChief]

That’s another story, currently he’s asking about the recent distribution from Ark which was declared capital gains instead of dividends. Singaporeans are not taxed for US shares capital gains.

OMG. YOU just don't get it

It doesn't matter whether its called dividends or capitals gains distributiobs or peanuts from your monkeys ass

Its already taxed. Ark gets already taxed dividends from their investments and pay out to you and you think its 100%?

Let's say tesla pays dividends. They have to tax the dividends payed to arc. So if 100 was dividend, tesla will declare 70 as dividend and give to arc cause withholding tax is applied at fund level. Arc gives you 70 means you payed no tax on it? The tax was already collected at source at tesla whether arc calls its dividends or capital gains. Even if ark called it dividends also makes no difference! Cause the tax already deducted and they won't double deduct

 

[DevilPlate]

OMG. YOU just don't get it

It doesn't matter whether its called dividends or capitals gains distributiobs or peanuts from your monkeys ass

Its already taxed. Ark gets already taxed dividends from their investments and pay out to you and you think its 100%?

Let's say tesla pays dividends. They have to tax the dividends payed to arc. So if 100 was dividend, tesla will declare 70 as dividend and give to arc cause withholding tax is applied at fund level. Arc gives you 70 means you payed no tax on it? The tax was already collected at source at tesla whether arc calls its dividends or capital gains. Even if ark called it dividends also makes no difference! Cause the tax already deducted and they won't double deduct

Simply means tax from source right hehe

 

[IndianChief]

Simply means tax from source right hehe

Exactly. Get abit annoyed when people misinterpreted and dish out wrong advise.

I mean you think the US government is going to not collect tax just cause a fund calls it capital gains distribution? If it was so easy, every fund will be doing it.

If its too good to be true, it's probably a scam

 

[IndianChief]

The only other angle I can think of is they are not giving dividends but probably sitting on excess cash after selling stocks to lock in profits. So they distribute it as capital gains distribution. But it makes no difference cause you dun get tax on profits anyway.

Eg you either have fund valued at 100$ or valued at 95$ + give you $5 cash.

Either way your net asset value is the same and its not some charity gift provided by Ark. and no tax is liable on that.

My gut feel, it's a combination of dividends + give back excess cash. The dividends already will have been taxed

 

[Mr. Wood]

nikko am partnered with ark. how come expense ratio become 1.6 sia lol
anyone can explain what does partnering means?
https://www.nikkoam.com.sg/sp/nikkoam-ark-disruptive-innovation-fund-lp

nikko has a minority ownership in ark. acts like a distribution channel for ark in asia.
but becoz it is a unit trust, it is good for ppl who want exposure into ark, but only wanna DCA a fixed amt in SGD evy month.

 

[Mr. Wood]

lol looking back when nobody believed in CW, only nikko and resolute were there.
now price move like crazy suddenly evy other youtuber is a fan of ark.

 

[skpuppy]

I wonder whether it make sense since ARK is charging 0.75% and Nikko is charging 1.5%. I think DCA is good if the commission is low else may not make sense to DCA