2024 New NISA tsumitate/growth quota (tax efficient ETFs/mutual funds)

[saslearner]

Hello,

Thank you for this wonderful community and this is my first post! Yoroshiku Onegaishimasu!

Normally I buy VOO and VGK in my tokutei Kouza as these are the markets I want exposure and the low expense ratios of these ETFs .

For the old NISA ( 2023 and earlier) I was buying Japanese ETFs emaxis 1346 and 1348 as I did not want foreign withholding tax applied on tax advantaged accounts.

Given that there is 2.4million in growth funds where I could buy VOO or VGK is there a japan based version of VOO VGK with low expense ratio and which will avoid the foreign withholding tax ? Any other considerations while choosing investment funds ?

Perhaps another way to phrase my question is which are the best funds for TOPIX , SnP 500, VGK with low expense ratios and tax efficient (maybe japan based) to invest in the growth and tsumitate portions of the New NISA 2024 ?

[RetireJapan]

Have you looked at mutual funds? The eMaxis Slim series or similar: https://emaxis.jp/lp/slim/pr1/

Low fees, reinvest dividends internally, can be bought in the growth and tsumitate sections of new NISA.

[saslearner]

Thank you for the suggestion Ben! I will look into these in more detail.

[sutebayashi]

I have been an eMAXIS buyer too, but I follow Asakura Tomoya who is in the SBI camp, and recently he is promoting the SBI・Vシリーズ.

I gather that these are also mutual funds that basically just buy popular vanguard ETFs, but can eliminate some hassles associated with US ETFs. Been meaning to explore more myself, but these could also be up your alley.

[zeroshiki]

I think shintaro has said the SBI Vanguard funds are inefficient because they're wrappers of the fund as opposed to eMaxis which buys the shares themselves.

[adamu]

https://retirewiki.jp/wiki/Japanese_global_index_funds

There was a thread about VOO recently too, searching...

Edit: found it. VTI, not VOO:
https://www.retirejapan.com/forum/viewtopic.php?p=33090

[saslearner]

Hello All,

Thank you so much for all the help and guidance provided to my New NISA funds question. I ended up setting the 300K NISA monthly setting as below. Please let me know if there was a better cost or tax efficient way to achieve exposure to Japan index or US SnP500

三菱ＵＦＪ－ｅＭＡＸＩＳ　Ｓｌｉｍ　国内株式（日経平均） 50K Yen per month
三菱ＵＦＪ－ｅＭＡＸＩＳ　Ｓｌｉｍ　国内株式（ＴＯＰＩＸ）50K Yen per month
三菱ＵＦＪ－ｅＭＡＸＩＳ　Ｓｌｉｍ　米国株式（Ｓ＆Ｐ５００） 200K Yen per month

Thanks!