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
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).
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.
I agree to first order. However if CS goes bust there may be some consequences to holding these funds even if you eventually get all the underlying assets back in full e.g. trading being frozen while the company is wound down (I don’t know if this would actually happen, just speculation that there must be some temporary negative consequences).
Any additional risk of holding CS funds vs any other more stable back should be reflected in the relative prices, even if they are holding the same underlying assets, to reflect e.g. the risk that your supposedly-liquid asset may actually be illiquid for a few weeks/months.
Repeating caveat to avoid flame fanning: I don’t know if this would actually happen, I’m just making an educated guess and seeking input from others on this forum.
from this post in November 2022, it seems that there are less TER fees with Swisscanto but is it still the case?:
“The main difference is in favor of Swisscanto. Indeed, all their products are at 0% TER, while for Credit Suisse, there is one of their products that is at 0.09% TER. But considering that it only represents 10% of the “Equity 100” portfolio, it’s not that much.”
Again people consider the 3rd official language in switzerland the least important and gladly sh*t over it.
It so annoy me… I’d love if companies get fined when they don’t consider the minimum check on their translations…