From my experience, I saw many month ends: 28.02, 31.03, 31.05, 30.06, 30.09, 31.12 as deemed distribution date for accumulating funds. Some swiss money market funds had something like 15.11, I think.
Spread is my biggest cost and I am mindful about best execution, therefore I will definitely consider index funds with no spread, on the primary market. My ESG biais means that I tend to buy relatively less liquid funds.
The next step is to succeed in buying them, and it may well require using a new broker. Apparently, no cheap (meaning UBS, amazingly) Swiss index fund is available with IBKR (but they have loads of expensive ones) and Degiro.
Thank you. So, we answer the initial question as follows:
Degiro doesn’t offer UBS index funds but can list new funds free of charge. Buying them costs 3.90€ + 0.20%.
IBKR publishes a large list of mutual funds, starting at 0.01% TER. Buying them costs 4.95€ for non-US residents. The cheapest Swiss Equity fund in CHF they currently list is from Pictet at 0.17% TER and a solid minimum amount requirement.
Saxo currently lists one UBS fund with 0.10% TER. Buying costs Fr. 8 and they allow to add new instruments for a fee of $200 that is waived for accounts above 1 Mio.
Swissquote currently lists one UBS fund with 0.10% TER. Buying costs Fr. 9 and they allow to add others (for a fee?)
That’s institutional-only according to UBS, so I assume Swissquote cannot offer that. CH0597394532 is the retail share class of the same fund, with a slightly higher TER of 0.15%. That one is available at Swissquote.
Fun fact: I already own another share class of the same fund (accumulating, ISIN CH0597394516) on my 3rd pillar Durable 100 at VIAC, who calls it UBS SPI ESG.
It is a pity that VIAC Invest will soon become too expensive.
Would anybody be able to check if DeGiro has CH0315622966?
I know they can add (ETF)s, but did anybody actually try that with Swiss Index Funds?
Do they have any UBS ETFs?
Thank you, I was suspecting so. There are no SPI Extra ETFs I think though. I sent them a message - but it seems in that case I might have to look at Saxo.
Not sure though if they have it either.
I did find the UBS comparable fund at IBKR (former CSIF), but that is accumulating.
I did ask them to add an institutional index fund from UBS a few weeks ago. They just declined my request.
I ended up buying a classic UBS ETF at Degiro, for a flat fee of Fr. 2.81 and less than 0.01% spread.
The ETF was rather liquid on the first and last business days of the month, making the spread reasonable in the context of a buy-and-hold investment.
It is the easiest, readily actionable way I found to increase Swiss market exposure for a low fee. Brokerage fees for Swiss exchanges are higher at IBKR.
The worst error I did in the past was buying Vanguard accumulating ETFs on Zürich stock exchange and on a day of poor liquidity, around Christmas. I ended up paying a phenomenal spread of 0.40% on an ETF of mainstream North American stocks. As we say on this side of the Röstigraben, ça me troue encore le luc. So, check the spread, kids
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