Comparing 3a fund performance: ETFs vs. CSIF, Swisscanto, UBS

Banks, Insurances & Third Pillar
81

Thanks for double-checking! It seems there’s divergent data available.

So considering the redemption spread, exCS remains the worst performing index fund. For ETFs, I guess it very much depends which one you’re using. I compared to XTrackers EM using the same index, which has outperformed vs. 3a index funds

82

I am sorry to put even more variables, but the MSCI EM funds have a widely varying tracking difference, as per this site:

“iShares Core MSCI EM IMI UCITS” and “iShares MSCI EM IMI ESG Screened” are somehow the best, independently of the actual index tracked…

1 Like
83

I think the tracking difference for EM funds is related to again India.
It is same issue for FLXI vs. QDV5. Indian capital gains accruals always cause this drama and also every fund does the same.

84

Yes
CSIF fund is interesting because it is quite large. I think some high level institutions know how this redemption work for them. Anyhow for me , in 3a accounts, i will also use SWC to keep things simple.

For 1e -: not much decision power lies with me, so I hope i never get hit with redemption and many more people redeem before me to compensate :slight_smile:

85

Reading the CSIF fund contract (Fondsvertrag). Anybody know what the following means? Can CSIF funds now be converted to UBS funds without notice?

CSIF (CH) III Equity World ex CH Blue - Pension Fund Plus

  1. Bei seinen Anlagen kann das Teilvermögen den in Tabelle 1 des Anhangs aufgeführten Referenzindex (Referenzindex) mittels direkten und indirekten Anlagen nachbilden. Insbesondere kann die Fondsleitung bis zu 100% des Vermögens dieses Teilvermögens in Anteile/Aktien ausgewählter Teilvermö-gen (nachfolgend «Zielfonds») des UBS (CH) Index Fund und bis zu 75% in solche des Credit Suisse Index Fund (Lux) in-vestieren. Es handelt sich bei diesen Zielfonds um:
  • UBS (CH) Index Fund - Equities Canada NSL
  • UBS (CH) Index Fund - Equities Japan NSL
  • UBS (CH) Index Fund - Equities Pacific ex Japan NSL
  • CSIF (Lux) Equity EMU Blue
86

I would say the distinction between “CSIF” and “UBS funds” is non-existent now. And yes, former “CSIF Europe ex EMU ex CH” became “UBS” without any announcement few months ago.

But this is not the point of the paragraph, by the way.

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87

Most CSIF funds are renamed to UBS already. I think even the bond funds.

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Is my understanding correct that CSIF funds, such as “CSIF (CH) III Equity US Blue - Pension Fund ZB”, remain unchanged post-UBS acquisition? I.e., anyone who was previously invested in this fund via finpension still remains invested and can continue to invest, at least until otherwise notified by finpension? Although the fund remains listed on their website, I notice that there’s no longer a link to the corresponding factsheet. But my assumption is that it’s still active/investable, although for that reason I struggle to understand some of the comments in this thread… has UBS announced plans to modify/discontinue?

89

Correct, everything stays as before.
The only thing which changed is the UBS Management Fund team, who is responsible now.