Surely you must be joking 
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That is also compounding. Next year (with no market movements and interest changes) it’s already 12 bucks, then 18…
It matters in my opinion. The 1% cash is already a drag on its own.
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You’re a lucky guy if you need to worry about <20 francs a year 
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Just disable rebalancing and let the fees eat away the cash. Then when the remaining amount is less than would be deducted with the next fee, transfer 0.39% of portfolio value. Who said investing has to be hard 
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Disabling rebalancing didn’t really works as expected. Newly transferred money and dividend payouts were just sitting idle. So instead of getting less % of cash over time, I actually got more.
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You did not include the cash portion in your calculation for VIAC “Anteil in %”, which makes up a bit more than 1%, then with rounding issues you get 100% in VIAC as well.
You’ll never get the the same exact amount for a few reasons:
- VIAC uses more decimals in their internal systems than shown on the transaction statements
- VIAC probably uses slightly different FX rates than Portfolio Performance to calculate the price in CHF
Nevertheless, I got differences of a few francs normally, which is totally fine for me.
Unfortunately no, to be honest, I don’t care about the performance in VIAC, I only care about the positions and trust Portfolio Performance to calculate the performance for me.
How has cash been growing? You mean percentage-wise, not absolute?
You could, with deactivated rebalancing, deposit money so cash gets to 2%. The money gets invested according to your defined strategy. If you want to invest into just 1 fund, you could temporarily set you strategy to 99% allocated to just that fund.
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Look in your transaction history, I got back some withholding tax in April.
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Apologies for the slight off-topic subject, but instead of opening a new thread here goes: has anyone compared the CSIF vs. Swisscanto funds with regards to which are better in terms of coverage, costs etc. when deciding on a portfolio containing World, Quality, Value and Small caps? Much appreciated.
Pre the UBS merger, the logic I followed was Swisscanto for Emerging Markets (has a smaller India CGT Tax issue) and everything else with CS. Given that UBS however was a fairly bad asset manager for Index Funds (just have a look at their funds’ tracking error)… the question is if this will change in the next few months. Institutional money seams to think that Swisscanto was the better choice than staying with CS / UBS; So the tendency is towards Swisscanto.
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So you already switched to Swisscanto for all funds?
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No. As saod - pre merger CS was better everywhere other than EM. So I invest all with CS other than EM. Post merger, that may change but I am currently watching the space carefully as I don‘t trust UBS with Index Fonds.
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Can you quantify the impact of this?
What I dislike about the CS EM fund: Rücknahmespread: 1.16%. That’s insane, isn’t it?
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Thats exactly the Problem, the rücknahmespread. The CS fund is older and therefore built up higher indian CGT. Hence, they need a hefty spread for people that exit. Just don‘t invest in that fund any more
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Learning more every day, cheers 
Main takeaway: you gotta check every single detail of your investment, trusting popular companies (eg Finpension)/brands (CSIF funds) with a blank check just won’t do.
Indeed: Rücknahmespread Swisscanto EM equity: 0.23%, UBS EM equity 0.2%, vs. 1.16% for CS EM equity.
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How much do you allocate in EM vs World?
It is, what the heck.
Just had to check it for CSIF (CH) III Equity US Blue - Pension Fund ZB at finpension, the redemption spread is 0.03% (luckily).
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Do you think this spread will increase, or decrease with time due to outflows from the fund covering for the spread?
Wondering if investors should get out immediately and bite the bullet, or wait for a better future
No one can tell. It’s highly dependent on the Indian market. If the Indian market continues to perform as well as it did the last 3-4 years, the capital gains tax will of course increase.
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I think there are two types of capital gains taxes at play here
-
when the fund buys and sells Indian equities to maintain their mandate. This is independent of what you do with your own investment. You will incur this tax anyways
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tax that is triggered when fund ended up selling units because of your exit from the fund.
Most likely the spread is to cover #2. right? Or is it also to cover #1 ?
For #2 -: I would assume it has nothing to do with how the Indian markets do.
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