Best ETFs Available in Thailand 2025 — Guide for Thai Investors
ETFs (Exchange-Traded Funds) are one of the most cost-effective ways for Thai investors to build long-term wealth. This guide covers the best SET-listed Thai ETFs and how to access US ETFs like VOO and QQQ from Thailand.
SET-Listed ETFs in Thailand
The Stock Exchange of Thailand lists several ETFs that Thai investors can buy through any Thai securities broker. Capital gains from SET-listed ETFs are tax-exempt — a major advantage.
| ETF | Tracks | Annual Fee | Exchange |
|---|---|---|---|
| TDEX | SET50 Index (top 50 Thai stocks) | 0.35% | SET |
| EBANK | Thai banking sector | 0.50% | SET |
| TFFIF | Thai infrastructure fund | Varies | SET |
| GOLD-i | Gold price | 0.65% | SET |
| 1DIV | High-dividend Thai stocks | 0.50% | SET |
Global ETFs via Thai Fund Houses
Several Thai fund houses offer feeder funds that invest in global ETFs — accessible through Finnomena and Thai bank investment platforms:
- SCBSP500 (SCB Asset Management) — invests in S&P 500 ETF, annual fee ~0.5%
- KFUS-A (Kasikorn AM) — US equity fund tracking S&P 500, annual fee ~0.5%
- TMBAGLF (TMB AM) — global equity fund, annual fee ~1.5%
These Thai-domiciled funds offer exposure to global markets without needing to open an overseas brokerage account. However, fees are higher than buying US ETFs directly.
How to Buy VOO and QQQ from Thailand
To buy Vanguard VOO (S&P 500) or Invesco QQQ (Nasdaq) directly, you need an overseas brokerage account. The best option for Thai residents is Interactive Brokers:
- Open IBKR account online (passport + proof of Thai address)
- Fund via international wire from Thai bank (USD)
- Search for VOO or QQQ in IBKR platform
- Buy on US market (NYSE Arca) at $0 commission
VOO has an expense ratio of just 0.03% annually — far cheaper than Thai S&P 500 feeder funds at 0.5%. For long-term investors, the difference compounds significantly. See our guide: How to Buy US Stocks from Thailand.
Tax on ETFs for Thai Investors
- SET-listed ETFs — capital gains exempt, dividends 10% withholding
- Thai mutual fund feeder ETFs (Finnomena) — redemption gains taxable as income
- US ETFs via IBKR — capital gains assessable income in Thailand; US dividends subject to 30% US withholding
Recommended ETF Strategy for Thai Investors
- Maximise RMF contributions in a Thai-domiciled equity fund for immediate tax deduction
- Buy TDEX (SET50) through a SET broker for tax-exempt Thai equity exposure
- Open IBKR for VOO/VT for low-cost global diversification
- Use SCBSP500 via Finnomena if you prefer simplicity over cost optimization
⚠️ Risk Warning: ETF values can fall. Past performance is not a guarantee. Last updated: March 2025.