3a solution from Finpension

Banks, Insurances & Third Pillar
544

The custodian bank is Credit Suisse for CS funds and Swisscanto (part of ZKB) for Swisscanto funds.

545

https://www.comparis.ch/altersvorsorge/vorsorgesystem/digitale-vorsorge

All in all I think finpension is still the best 3a provider.

Haven’t heard about Tellco before, but it also doesn’t look like anything useful for a typical forum member.

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546

At this point, the index funds managed from CS and used by Finpension/VIAC don’t seem to be strongly affected by outflow:

CSIF (CH) Equity Emerging Markets - (all classes)
Date - AUM in millions
23/03/2023 - 3’978.72
31/01/2023 - 4’148.85
30/11/2022 - 3’948.85

Link: Fund detail | Credit Suisse Asset Management

CSIF (CH) Equity World ex CH - (all classes)
Date - AUM in millions
23/03/2023 - 1’010.40
31/01/2023 - 1’050.74
30/11/2022 - 1’056.36

link: Fund detail | Credit Suisse Asset Management

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547

Has anyone recently checked their 3a performance? I’ve got a VT-like total world allocation. However, compared to the performance of VT, my 3a portfolio performs significantly worse.

I’ve been looking at fees, dividends etc. but couldn’t figure out the reason for this. Any idea?

548

Can you be more specific? Which funds, which allocation? YTD:

FTSE 100 +1.03%
SMI +1.16%
CSI 300 +4.19%
SP500 +7.46%
Nikkei 225 +9.04%
Eurostoxx +11.90%

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549

Sure, it’s all CSIF-funds:

71% world ex-CH
15% world small cap
10% emerging markets
3% CH

I’ve compared my 3a performance vs. VT since July 2021 and get -10.5% for 3a, but -4.5% for VT.

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550


 hedging?
   

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551

Have you taken into account currency ? VT is in USD and CSIF fund in CHF

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552

No hedging. But maybe rebalancing in the beginning? Or less small cap in VT?

Good point, might explain maybe 1-2% of the difference!

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