A new low commission 3A/3rd pillar ETF solution from VIAC


#121

SMI and SPI have the same problem: 3 shares (Nestle, Novartis, Roche) make up ~50% of the index. This collides potentially with BVG-rules about diversification and is generally not ideal. SLI has caps in place.


#122

Thank you for your explanations.

Threshholds sound fine. Since the stock market historically (yes, I know, past performance…) went up in more years than not, I invest my 3a at the beginning in bulk. This of course goes a bit against your netting. (Dividends in May would then wait half a year, that is true.)


#123

I only mention them because I only know private investor funds. So my question was rather: is there an SPI etf for institutional investors.

If the SLI method was superior then we would have more indices like this. You could also cap S&P 500 companies, and even whole markets (like: USA has 50% market share? It’s too much! Let’s cap it at 10%!)


#124

I don’t think so. (Check “Ok” and then look for QI funds in the list)

https://amfunds.credit-suisse.com/ch/en/institutional/fund/search

Edit correction:

https://amfunds.credit-suisse.com/ch/en/institutional/fund/detail/CH0031341875

Multifactor for @Knoch (with added fees from CS!)
https://amfunds.credit-suisse.com/ch/en/institutional/fund/detail/CH0334031199


#125

Perfect, thanks! That’s what I was looking for. I was on that website but couldn’t find it. So I assume VIAC can provide me with this fund?


#126

I guess you would have to make a convincing argument for it. At the moment, VIAC offers SMI, SLI and SPI extra. What would be the advantage of also offering the SPI-fund on top of it? Remember, your fund allocation (edit: the allocation per fund) is limited to 35% anyway.

Edit 2: And SMI is the cheapest fund they offer for buying and selling, with a respective “spread” of only 0.01 (SPI extra: 0.05). The “spread” is set by CS. (I am not sure if I use the word “spread” correctly here, as the fund is not publicly traded).


#127

I’m not aware of their fees. The SPI etfs for private investors are cheaper than SMI. Convincing argument? You need to put 40% of your pillar 3a in CHF. So if you want to keep a market-weighted ratio and use SMI + SPI Extra, then you need to figure out the ratio, and at some point, rebalance. With SPI you just have 1 etf, period. 1 is simpler than 2. But of course, these are all pennies of difference, not that important. I just got dragged into this by my own curiosity.


#128

What happend to “Cash statt Obligationen”? :grin:

Kidding aside, thanks for listing the available assets for the classic portfolio creation early.

I like the SPI Extra and will be using it for my swiss allocations
What is the reasoning of only allowing 35% SPI Extra and not the whole 40%? Now I have to fill the remaining 5% with SLI/SMI, which theoretically makes re-balancing more complicated and costly (for you).


#129

@VIAC

Could you clarify for me whether the buy/sell spread fees for the CS index funds are covered by the Viac fee? I guess they are…

I really appreciate how you answer questions publicly. This transparency is sorely missed in Swiss banking generally. Thank you.


#130

Btw, has anyone given https://www.simplewealth.ch/ a look and how it compares to VIAC?


#131

there are a couple of threads in this forum. was considered too expensive for true mustachians, however for the average guy might be quite nice


#132

they offer a 3a pillar for 0.5% fee, how’s that any worse than VIAC? Just wondering if anyone knows it off hand.


#133

Where do you read 3a?


#134

On the damn front page. Did you even open it?

While you set your plans in motion, Simplewealth will invest your money in a Pillar 3a, in ETF tracking indices and rebalance your portfolio when necessary.

Simplewealth creates a personalized investment plan just for you: tell us how you are, if you want sustainable investments or a Pillar 3a and we will do the rest for you.

We keep our fees low – just 0.5% of your investments per year and no trading commission fee. Enter and exit when you want to, at no fee and with no commitment


#135

There was a little comparison in the NZZ a couple of days ago. https://www.nzz.ch/finanzen/vorsorgen-mit-der-pensionskasse/fintech-erobert-die-dritte-saeule-ld.1385056 I hope you understand enough german or google translate performs well enough.

Especially the table with the privders might be interesting


#136

I did! But did not realize I had to scroll down (I am on mobile). Clicked on “invest…” and could find nothing. Thanks, mate.


#137

Simplewealth uses Interactive Brokers, True Wealth Saxo


#138

I will ask them how they manage the 3a pillar. They need to have a specific structure to manage this type of account. Little info is on there website


#139

Only VIAC and VZ accept 3a money


#140

I contacted simplewealth. Their max equity quote in 3a is 75% and they implement it with a fund of Zurich Insurance. I got the reply very quickly yesterday evening I asked about the fees, but have not heard back since. Will keep you posted.