3a solution from Finpension

Well, you are right!

Purely from costs and taxes point of view one should do exactly the opposite - keep only Europe+Japan in 3a and maximize US at IB. But this move is more of a tactical nature. One of the issues is the potential loss of access to US ETFs. Second is that I committed to buy certain developed markets ex US ESG ETF, which wouldn’t be possible if 1 comes true. So I want to buy as much as possible of it now, and for this I increase US allocation in 3a and decrease at IB. If 1 comes true, it would be easy to increase US allocation at IB via options and decrease this allocation at IB. Not very straightforward, but these are my thoughts now.

I noticed that all or most of the index funds offered by Finpension (Index funds – finpension) are accumulating. So in that case, does the dividend yield really matter? I must be missing some point here…

Dividends, actually received or implied, are being taxed as an income anyway.

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So looking at the index funds available at Finpension one could go for the following fund I suppose?

CSIF (CH) I Equity Europe ex CH ESG Blue ZB CH0507420005

There is also a non ESG variant but seems to perform slightly worse YTD. Note that the ESG one is new so there is no data for previous years in order to compare.


Dividends, actually received or implied, from funds held in a 3a account are not taxed.

Yes. But they would be taxed if you keep the same geographic segment in a taxable account.

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And yes, in case of tax-sheltered funds it makes even less difference if they are distributing or not. Different things got mixed up in a discussion.

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There is now MSCI Canada, a normal and a ESG one, at finpension. A self-made MSCI World ex USA ex CH can be done even more precisely.


I was thinking of a personalized distribution like this, what do you think? Maybe the TER a little too high? Any suggest?

I think it really depends on your portfolio allocation and your personal objectives. I’ve just opened my portfolio today and will transfer only starting in Jan but Ive decided on a single fund (see below) for simplicity like a few others have mentioned already. This is in complement to my 2ème, my existing 3ieme (that is in « gage » for 1 more year) and my FIRE fund that is also only 1 fund for now.

99% fund, 1% cash

I am curious though, what’s the main advantage for the « quality » fund? And to be honest, in my opinion 2% on a 3a portfolio is a bit overkill especially if you have more than 1 account for your 3a overall (just based on +- 6833 chf per year max)

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Actually reading other posts, I changed with this one that I am attaching now. this would be my first 3a and I currently have no other investments on other platforms. As for why the Quality I have referred to this post: If I was an index investor

From what I understand there are not so many differences between TER 0.13% and 0.00% compared to the benefit of the quality, then I am ready to receive corrections.


Excellent read, thanks for the link! Really deep exchanges and some parts over my head - but very interesting to have read different views. I like the principle of the quality fund and I may consider having one of my future profiles at Finpension use it to see/compare but 1 fully passive fund in my first portfolio there is easier for me to live with for now. :relaxed:

This is my setup, a lil less expensive but a little more diversified into Switzerland.
Made 29% this year with a one-time lucky purchase (2021 max amount on the 5th October).

I’m a very happy camper so far and I’m seriously thinking about transferring the rest of my 3a from PostFinance75 also to Finpension.

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2% or even 7% are likely going to make only a negligible difference.

99% Quality Crew checking in :raised_hands:t2:

Welcome to the club.


You mean, concentrated.


This time next year (2022), I’m hoping to convince my bank to pay out my current 3a depot (that’s invested) on to my two 3a banking accounts with them. They seem to be ok to do it when they release my gage in jan’23.

If confirmed, it would allow me to both transfer a majority to the fund i mentioned already and maybe a smaller portion on the quality index…something to consider if it works out how I want.

Between my 3a and my wife’s 3a being transferred it could be a way to be slightly more aggressive for 10years on a very similar approach.

if it’s only on one, I’d stick with the main fund I mentioned above and maybe use the quality to start a new portfolio from scratch.

@San_Francisco’s enthusiasm almost has me convinced. :wink:


finpension now has a Crypto Fund available as part of “alternative strategies”, albeit with a 2.1% (yikes) TER:

I’ve seen it, but I think that costs are too much at the moment

Afaik they are the first offering a Crypto Fund in the world of 3a. I guess the TER will fall once other providers offer similar solutions.

The crypto market is so volatile. The weights they are providing in the fact sheet are probably going to change often. This obviously generates costs. To be honest, everything below 10% allocation is negligible. It is much cheaper if you just do it yourself and “pick” the altcoins, if any at all, you want.

Apparently the cost of owning a house increase. Am I reading it right?
Also if you are unhappy with Finpension and want to move to VIAC you have to pay 500chf?