# Most cost-efficient European ETF **URL:** https://forum.mustachianpost.com/t/most-cost-efficient-european-etf/7269 **Category:** Investing / Portfolios **Created:** [August 19, 2021, 10:28am UTC](https://forum.mustachianpost.com/t/most-cost-efficient-european-etf/7269 "2021-08-19T10:28:42Z") **Posts on this page:** 1 **Showing post:** 7
### Author: ![Dr.PI](https://forum.mustachianpost.com/user_avatar/forum.mustachianpost.com/dr.pi/32/5299_2.png) [@Dr.PI](https://forum.mustachianpost.com/u/Dr.PI) #### Post date: [October 29, 2021, 12:00pm UTC](https://forum.mustachianpost.com/t/most-cost-efficient-european-etf/7269/7 "2021-10-29T12:00:39Z")
This is correct, but: for long term investment recurring fees (TER + taxes on dividends + custody fees) are more important than fixed costs incurred when buying. So even 1% currency exchange fee would be acceptable, but there are also ways to push it down to 0.5% and lower. Furthermore, the most tax-effective geographically-balanced investment strategy for Swiss investors seems to be: keep only US exposure in taxable account and gain exposure to the rest of the world market via 3a index funds. > [@Splitting the world](https://forum.mustachianpost.com/t/splitting-the-world/7001/10): > > Relative advantage (difference of total costs p.a.) of investing into different geographic segments via a tax sheltered 3a index fund (finpension/VIAC). With 20% marginal tax rate: [wht10] With 30% marginal tax rate: [wht7] With 40% marginal tax rate: [wht8] You can invest in something like VUSA or any MSCI USA ETF (Irish or US) with a Swiss broker. There are brokers with reasonable fees. You can also go to a European broker, get lower fees and a wider choice of ETFs. You would have to pre-exchange your CHF to EUR. Or you can go to IB, but you probably know this story. --- _[View the full topic](https://forum.mustachianpost.com/t/most-cost-efficient-european-etf/7269)._