31 posts were split to a new topic: Competition between Swiss robo advisors
Great!
So I wonder if someone understands the logic behind the mix of the equities part?
To me the inconsistencies seem so random. For example,
- as @Wolverine points out, some countries are missing entirely, like Canada, while some are mixed in in tiny parts (e.g. Pacific ex Japan).
- Then there is the EM IMI index (IMI meaning it includes a small part of mid and small caps), while no small caps are included anywhere else (except in the tiny swiss index)
- the choice for Europe with just 50 shares making up the stoxx 50 is a weirdly concentrated choice among so many more diverse European indices to choose from.
- mix of distributing and accumulating, why?
Basically it looks like an ACWI (ca 10% EM) with weird inconsistencies thrown in.
Any explanations?
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Sure.
They try to more or less reproduce ACWI, with weights rounded to integer percentage and using whatever ETF looks more efficient.
No really good European ETFs.
This is quite correct. They even picked up the correct index, unlike TrueWealth.
Just the best ETF on emerging markets. IMI part is not important.
They needed something of Europe without Switzerland and UK, et voilà! Euro Stoxx 50 is actually quite a big part of Euro zone stocks, it’s just it doesn’t have Europe ex EMU and is calculated differently from MSCI indices.
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Thanks, that explains some of the choices at least 
Why replicate in the first place though? No good ACWI or All World index available at all?
We get fully efficient CA ETFs on CA stock indices in IBKR, though. Automatic treaty rate (necessary data taken from US W-8BEN application).
You might know, but I wanted to mention this. But yeah, Finpension won’t have them (or any other CA outside MSCI World ETFs)
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They want to make reporting of lost withholding tax with S&P ETF and to have Switzerland as a Swiss domiciled ETF (tax efficient for Swiss investors). The rest comes from this.
On the second thought, making different geographic segments available for custom strategies is also not a bad thing.
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Nevertheless I still don’t understand why @finpension is not using retail or qualified investor classes of Swiss mutual funds, such as Swisscanto and CSIF/UBS, for Canada, Pacific ex Japan, Europe ex CH, EMU, Europe ex EMU ex CH and Switzerland.
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The new DA-1 reporting is now online for our customers in the app.
The report is only shown to customers who can claim CHF 100 or more back from the tax authorities. Reason: The minimum amount is CHF 100 to be able to claim a flat-rate tax credit.
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So basically you assume, I have all my invested money with you…
Ah, that is the reason that my tax statement does not display those details. Are you aware that the CHF 100 are per customer and not per bank? I just deposited a very small amount with you while having most with True Wealth just to try if my tax office accepts your report before probably stocking with you. With this limitation I will not be able to try it out, and thus I will also not deposit more money until it is proven that your solution works out.
I have some US managed futures ETF which had a lot of WHT on distributions (over 100 USD). Is there a way to obtain my Finpension DA-1 reporting without having 100 USD distributions in my Finpension account?
We will be happy to activate the report for you. Please simply get in touch with us.
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Yes, we are aware of this. We will be happy to activate the report for you. Please simply get in touch with us.
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