I’m pretty sure it’s about the limitation of maximum 60% foreign currency (minimum 40% in CHF).
Not for me. I have a 3a account with both Viac and Finpension.
The 97% to 99% increase in stock ETFs with Viac doesn’t move the needle for me.
ETF selection is similar to (I prefer the one at Finpension).
The major drawback at Viac is the 40% minimum invested in Swiss Francs.
I have 4 custom strategy with Viac, so I’ve amended it to increase my share exposure manually to 99%.
I have the same drawback for Viac as I do not like to invest into
CSIF World ex CH hedged - Pension Fund Plus ETF to go around the 40% chf investments.
Having lost trust in the Viac solution due to the FX issue I discovered, I have decided to leave them in the meantime. I have switched to True Wealth and have shared my experience in the other thread for those interested:
Good news, i received a notification from the VIAC app informing that the fees for the 100% Global strategy will decrease to 0.40% starting from 1st March.
Is someone moving to Swisscanto to avoid exposure to CS?
Discussed in the Finpension thread
I, for both VIAC and Finpension.
Does anyone know if there is any downside to switching at the moment?
E.g. I could imagine that there is a discount applied to CS funds atm, so that selling them to buy Swiss Canto funds could result in some loss. Should be easy to verify by looking at comparable funds but I’m too occupied to do this myself atm so hoping someone else can verify
The funds have subscription and/or redemption spreads. Check the factsheets. That should be the only cost.
These are mutual funds, not ETFs. You buy/sell them at NAV (+/- the defined spread mentioned above). There is no market price where there could be a premium or a discount. And even if these were ETFs, I highly doubt they would trade at a significant discount as it would open up arbitrage opportunities.
There are ETFs managed by CS, anyone wants to take a look if there is a discount ?
I have a question !
At the moment, I have 4 accounts open in VIAC. I’ve invested each year starting in 2020. So I “bought” all the funds from CS in 2020 and have a positive return for this account.
Now, if I switched to Swisscanto on the next trading day, it would impact a bit the performance as I will not bought these funds at a price higher than in 2020 right ? Or would it be not so important ? Just trying to better understand the consequence
next trading day is next Tuesday 21 of march, so it’s gonna be wild until then…
I don’t understand why some of you think that the negative news for CS has any impact on their mutual fund prices? The price of these securities is based on the underlying investments of the fund and has absolutely nothing to do with the CS share price (apart from indirect effect due to CS itself being one of the underlying investments, which is also the case for other non-CS funds).
I have the quality fund - so I trust they are not one of the underlying investments.
Maybe some folks are just happy to contribute to the drama and help with having CS fail in a big way by helping draining it?
(also agreed it’s a mutual fund for long term investment, personally as long as there no kind of fraud I don’t plan to switch)
The amount of money you have won’t change, be it realized or unrealized gains or losses. Then you are switching to essentially the same basket of stocks, maybe just the same. Sure there could be some fluctuations in either direction, you pay the spread, but afterwards you have the same amount of money invested in the same stocks.
It is above all a question of principle and consistency. I read some people here who openly spit on CS and their way of doing business but are happy to use the 1% cashback cards from Swisscard (== Credit Suisse). You have to know; happy or not happy?
Mutual fund or not, I think it’s smart that Viac and Finpension let you choose the fund provider. Does this really have an impact on the performance of the fund? I don’t think so.
To each his own, and fortunately not everyone drinks from the same glass. It takes all kinds to make everyone happy.
Am I the only one that just doesn‘t do anything and keeps the CS funds?