# Fundsmith in VIAC? **URL:** \ **Category:** Investing / Others\ **Created:** [April 9, 2020, 10:16am UTC](https://forum.mustachianpost.com/t/fundsmith-in-viac/3622 "2020-04-09T10:16:48Z")\ **Posts on this page:** 20\ **Page:** 2
**Author:** ![ecthe](https://forum.mustachianpost.com/letter_avatar_proxy/v4/letter/e/9fc348/32.png) [@ecthe](https://forum.mustachianpost.com/u/ecthe)\ **Post date:** [April 14, 2020, 6:48am UTC](https://forum.mustachianpost.com/t/fundsmith-in-viac/3622/22 "2020-04-14T06:48:08Z")
Good to see that a few people seems interested. I would strongly encourage you to contact VIAC and ask them if they might consider adding Fundsmith/Smithson to their products. If enough people ask, they might do it at one point. ---
**Author:** ![Strutra2007](https://forum.mustachianpost.com/letter_avatar_proxy/v4/letter/s/f05b48/32.png) [@Strutra2007](https://forum.mustachianpost.com/u/Strutra2007)\ **Post date:** [April 14, 2020, 11:30pm UTC](https://forum.mustachianpost.com/t/fundsmith-in-viac/3622/23 "2020-04-14T23:30:02Z")
If they would make Fundsmith/Smithson available even I would start using 3a as a further vehicle for my investments. With only this ETF crap (sorry guys šŸ˜) I donā€™t want to have my money get locked in for years. Thus, Iā€™m totally in! ---
**Author:** ![Cortana](https://forum.mustachianpost.com/user_avatar/forum.mustachianpost.com/cortana/32/2082_2.png) [@Cortana](https://forum.mustachianpost.com/u/Cortana)\ **Post date:** [April 15, 2020, 6:32am UTC](https://forum.mustachianpost.com/t/fundsmith-in-viac/3622/24 "2020-04-15T06:32:51Z")
Are you sure that you are in the right place? ---
**Author:** ![Gesk](https://forum.mustachianpost.com/user_avatar/forum.mustachianpost.com/gesk/32/3303_2.png) [@Gesk](https://forum.mustachianpost.com/u/Gesk)\ **Post date:** [April 15, 2020, 9:15am UTC](https://forum.mustachianpost.com/t/fundsmith-in-viac/3622/25 "2020-04-15T09:15:05Z")
I would rather have the [PSLDX](https://www.morningstar.com/funds/xnas/psldx/quote) mutual fund available instead. ---
**Author:** ![wapiti](https://forum.mustachianpost.com/user_avatar/forum.mustachianpost.com/wapiti/32/4451_2.png) [@wapiti](https://forum.mustachianpost.com/u/wapiti)\ **Post date:** [April 15, 2020, 10:29am UTC](https://forum.mustachianpost.com/t/fundsmith-in-viac/3622/26 "2020-04-15T10:29:28Z")
@Gesk Complety agree šŸ™‚ This fund make no sense to have in a standard account due the the high dividends ---
**Author:** ![Julianek](https://forum.mustachianpost.com/user_avatar/forum.mustachianpost.com/julianek/32/251_2.png) [@Julianek](https://forum.mustachianpost.com/u/Julianek)\ **Post date:** [April 16, 2020, 2:26pm UTC](https://forum.mustachianpost.com/t/fundsmith-in-viac/3622/27 "2020-04-16T14:26:23Z")
4 posts were split to a new topic: [Active investors on the forum](https://forum.mustachianpost.com/t/active-investors-on-the-forum/3663) ---
**Author:** ![ecthe](https://forum.mustachianpost.com/letter_avatar_proxy/v4/letter/e/9fc348/32.png) [@ecthe](https://forum.mustachianpost.com/u/ecthe)\ **Post date:** [April 16, 2020, 5:16pm UTC](https://forum.mustachianpost.com/t/fundsmith-in-viac/3622/28 "2020-04-16T17:16:27Z")
You have some share class with reinvested dividend such as is the one in CHF, which I mentioned earlier. ---
**Author:** ![wapiti](https://forum.mustachianpost.com/user_avatar/forum.mustachianpost.com/wapiti/32/4451_2.png) [@wapiti](https://forum.mustachianpost.com/u/wapiti)\ **Post date:** [April 16, 2020, 5:18pm UTC](https://forum.mustachianpost.com/t/fundsmith-in-viac/3622/29 "2020-04-16T17:18:41Z")
Sorry, I was speaking of PSLDX, which make a lot more sense for me. ---
**Author:** ![ecthe](https://forum.mustachianpost.com/letter_avatar_proxy/v4/letter/e/9fc348/32.png) [@ecthe](https://forum.mustachianpost.com/u/ecthe)\ **Post date:** [April 16, 2020, 5:19pm UTC](https://forum.mustachianpost.com/t/fundsmith-in-viac/3622/30 "2020-04-16T17:19:21Z")
Oups, sorry about that. ---
**Author:** ![\_MP](https://forum.mustachianpost.com/user_avatar/forum.mustachianpost.com/_mp/32/21_2.png) [@\_MP](https://forum.mustachianpost.com/u/_MP)\ **Post date:** [April 17, 2020, 6:35pm UTC](https://forum.mustachianpost.com/t/fundsmith-in-viac/3622/31 "2020-04-17T18:35:44Z")
@Julianek thanks for the initiative. Iā€™d be curious if not interested too šŸ˜‰ /cc @VIAC_Daniel ---
**Author:** ![dbu](https://forum.mustachianpost.com/user_avatar/forum.mustachianpost.com/dbu/32/1552_2.png) [@dbu](https://forum.mustachianpost.com/u/dbu)\ **Post date:** [April 19, 2020, 5:33pm UTC](https://forum.mustachianpost.com/t/fundsmith-in-viac/3622/32 "2020-04-19T17:33:35Z")
Interesting stuff šŸ™‚ https://www.youtube.com/embed/PZy9-4Z_4i8?feature=oembed&wmode=opaque ---
**Author:** ![San\_Francisco](https://forum.mustachianpost.com/letter_avatar_proxy/v4/letter/s/ea5d25/32.png) [@San\_Francisco](https://forum.mustachianpost.com/u/San_Francisco)\ **Post date:** [April 19, 2020, 6:09pm UTC](https://forum.mustachianpost.com/t/fundsmith-in-viac/3622/33 "2020-04-19T18:09:05Z")
Donā€™t think itā€™s going to happen, but yeahā€¦ Count me in! Iā€™d also choose/use Fundsmith funds in VIAC. (provided additional non-fund costs are reasonable) ---
**Author:** ![wapiti](https://forum.mustachianpost.com/user_avatar/forum.mustachianpost.com/wapiti/32/4451_2.png) [@wapiti](https://forum.mustachianpost.com/u/wapiti)\ **Post date:** [April 19, 2020, 9:06pm UTC](https://forum.mustachianpost.com/t/fundsmith-in-viac/3622/34 "2020-04-19T21:06:07Z")
Is someone interested in PSLDX and NTSX funds in VIAC? **NTSX** The [WisdomTree 90/60 U.S. Balanced Fund (NTSX)](https://www.wisdomtree.com/etfs/asset-allocation/ntsx) is created by investing 90% of Fund assets in equities and 10% in short-term fixed income. The 60% bond exposure is achieved by overlaying Treasury futures contracts]to achieve the net 90/60 target. [https://www.wisdomtree.com/blog/2018-08-02/introducing-the-wisdomtree-90-60-us-balanced-fund-ntsx](https://www.wisdomtree.com/blog/2018-08-02/introducing-the-wisdomtree-90-60-us-balanced-fund-ntsx) **PSLDX** A traditional index fund typically invests in all, or a representative sample, of the stocks in an index in an effort to replicate the return of the index. PIMCO StocksPLUS Long Duration Fund seeks to outperform the index by employing a unique, bond-centric strategy. It does this by purchasing low-cost S&P 500 derivatives and backing this exposure with an actively managed portfolio of diversified long-duration bonds > **[PIMCO StocksPLUSĀ® Long Duration Fund INST - PSLDX - Mutual Funds](https://www.pimco.com/us/en/investments/mutual-fund/pimco-stocksplus-long-duration-fund/inst-usd)** > > PIMCO StocksPLUSĀ® Long Duration Fund - US72201F4330 Seeks total return which exceeds that of its benchmark, consistent with prudent investment management ---
**Author:** ![San\_Francisco](https://forum.mustachianpost.com/letter_avatar_proxy/v4/letter/s/ea5d25/32.png) [@San\_Francisco](https://forum.mustachianpost.com/u/San_Francisco)\ **Post date:** [April 19, 2020, 11:08pm UTC](https://forum.mustachianpost.com/t/fundsmith-in-viac/3622/35 "2020-04-19T23:08:58Z")
> [@wapiti](#): > > Is someone interested in PSLDX and NTSX funds in VIAC? I think neither of them are suitable for VIAC - or any 3a provider for that matter. Combining equity and fixed in one product goes against the VIACs idea that youā€™re able to choose allocations on the basis of single percentage points. And the use of derivatives on top makes it a hot mess to compute ratios and assess conformity to legal requirements for 3a products. PS: For that reason, even Fundsmith would be ā€œdifficultā€, as it might partially contain Swiss stocks and/or stocks denominated in CHF to a degree (which, on top of that, is going to vary over time!). Which, I think, no other fund in VIAC does. ---
**Author:** ![Lumo](https://forum.mustachianpost.com/user_avatar/forum.mustachianpost.com/lumo/32/2343_2.png) [@Lumo](https://forum.mustachianpost.com/u/Lumo)\ **Post date:** [April 20, 2020, 5:16am UTC](https://forum.mustachianpost.com/t/fundsmith-in-viac/3622/36 "2020-04-20T05:16:26Z")
āœ‹ you can count me in too ---
**Author:** ![Julianek](https://forum.mustachianpost.com/user_avatar/forum.mustachianpost.com/julianek/32/251_2.png) [@Julianek](https://forum.mustachianpost.com/u/Julianek)\ **Post date:** [April 20, 2020, 6:11pm UTC](https://forum.mustachianpost.com/t/fundsmith-in-viac/3622/38 "2020-04-20T18:11:25Z")
Thatā€™s a good point, and the only way to figure it out is to contact VIAC, which I will do at the end of the week. ---
**Author:** ![Gesk](https://forum.mustachianpost.com/user_avatar/forum.mustachianpost.com/gesk/32/3303_2.png) [@Gesk](https://forum.mustachianpost.com/u/Gesk)\ **Post date:** [April 20, 2020, 8:32pm UTC](https://forum.mustachianpost.com/t/fundsmith-in-viac/3622/39 "2020-04-20T20:32:25Z")
Some private banks offer 3x leveraged ETFs in 3a so why not. ---
**Author:** ![Cortana](https://forum.mustachianpost.com/user_avatar/forum.mustachianpost.com/cortana/32/2082_2.png) [@Cortana](https://forum.mustachianpost.com/u/Cortana)\ **Post date:** [April 20, 2020, 8:49pm UTC](https://forum.mustachianpost.com/t/fundsmith-in-viac/3622/40 "2020-04-20T20:49:34Z")
What? Who? Where??? ---
**Author:** ![Julianek](https://forum.mustachianpost.com/user_avatar/forum.mustachianpost.com/julianek/32/251_2.png) [@Julianek](https://forum.mustachianpost.com/u/Julianek)\ **Post date:** [April 30, 2020, 7:55pm UTC](https://forum.mustachianpost.com/t/fundsmith-in-viac/3622/41 "2020-04-30T19:55:37Z")
I just received VIACā€™s feedback. > [@](#): > > Hi Julien, > > Thank you for your inquiry and the fund proposal including all the information. > > We are always happy to receive fund proposals in general and also keep an internal wish list - depending on demand, proposals can then be considered and implemented. > > However, it is also important that new funds fit into our universe and are consistent with our investment philosophy. Unfortunately this is not the case here due to the very active approach and the resulting higher costs. The VIAC pension solution stands for a passive and cost-effective investment approach intended to generate the greatest possible return in long-term pension provision. This is also based on the implicit assumption that active management does not generate any additional return in the long run, but does generate significantly higher costs. Of course, there are always (individual) exceptions that achieve exactly this. > > However, such a fund would open the door to countless other, legitimate fund proposals and wishes. Henceforth it would be difficult to argue why this fund would be considered, but other exciting (active) approaches could not be included in the universe. For this reason, we are sticking to our approach for the time being, but of course remain open to fund proposals (theme funds, factor funds, sector funds, specific regions, etc.) > > We therefore see this fund more as a supplement that can be used in private savings. > > Many thanks for your understanding! For other fund proposals and further inputs, please do not hesitate to contact us at any time. > > Best regards, > > Jonas Gusset (Viacā€™s CIO) ---
**Author:** ![dbu](https://forum.mustachianpost.com/user_avatar/forum.mustachianpost.com/dbu/32/1552_2.png) [@dbu](https://forum.mustachianpost.com/u/dbu)\ **Post date:** [April 30, 2020, 8:11pm UTC](https://forum.mustachianpost.com/t/fundsmith-in-viac/3622/42 "2020-04-30T20:11:34Z")
Fair response, I like the tone! > [@Julianek](#): > > This is also based on the implicit assumption that active management does not generate any additional return in the long run, but does generate significantly higher costs. Of course, there are always (individual) exceptions that achieve exactly this. Also good to see what philosophy they believe in - while still appreciating there are exceptions to the opposite. šŸ™‚ Thanks for inquiring and sharing, Jul! [Previous page](https://forum.mustachianpost.com/t/fundsmith-in-viac/3622.md?page=1) [Next page](https://forum.mustachianpost.com/t/fundsmith-in-viac/3622.md?page=3)