First experience doing RSP of LSE-listed ETF on FSMOne

 

This post documents my first experience with doing an RSP of an LSE-listed ETF on FSMOne

• $0 fees
• The ETF opened at $356.60, so price of $356.90 I suppose is reasonable. It closed eventually at $357.75
• Exchange rate was 1.27099.  The opening and closing rates that day were 1.2663 and 1.2662. So the forex premium is an estimated 0.37%

This FX premium is consistent with my experience with HK$ ETFs. It seems that the forex premium if you use S$ to pay for the RSP and ask FSMOne to convert is always a little bit higher. If you convert the US$ or HK$ yourself, the forex premium is closer to 0.25%. 

But overall, 0.37% forex premium is still much better than SCB's forex premium (SCB used to be better but now its like 0.7% until you hit silver tier when it drops to 0.4%).