400M would be absolutely fine, even if the fund was 2y old… given it’s not even 2 weeks old, this is phenomenal.
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Yes agreed
The common advice is to wait until AuM is 1B. So maybe wait two more days 
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1B? I thought 200M is the number 
But if this continues, it’s just a matter of a few weeks…
The trajectory is just as important. An ETF under 100m that is already three years old is at risk of being closed.
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Only thing lacking: a CHF share classe traded on SIX!
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I would prefer the distributing one, but I can change my mind. I dont like to be taxed theoritically.
That’s a strange way of looking at it. With a accumulating ETF, the distribution isn’t theoretical… they are real, but reinvested within the fund, so you benefit just as much as if you were reinvesting them yourself.
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Edgy opinion: the only reason to need a currency wrapper is if your broker sucks and your currency exchange costs suck. Otherwise it’s best to just stick to USD.
But it exists? VACD / VALLD
I would agree with @Ardius . I may be wrong, but I think in Germany they don’t calculate the theoretical dividend, so there is a tax advantage for accumulating ETFs. The tax is deferred to the moment you sell, as the accumulation increases your capital gains. Since in Switzerland capital gains are not taxed, the accumulating ETF would trigger no taxation at all, that’s why they calculate a theoretical, virtual dividend, so they can tax it.
One advantage of CHF would be to be able to declare a recurring invest amount in CHF in ibkr and then just letting it run. As your salary comes in CHF. Otherwise you have to adjust the value all the time to reflect the exchange rate.
A CHF share class gives you the possibility to be 100% hands off essentially.
That is correct and the advantage was there in the past. However, there is the so-called “Vorabpauschale” which is a tax on unrealized gains, that you have to pay. The amount you have to pay is based on the 10-year german bond yield. That yield was 0 or negative since like 2010, but it turned positive since 2022, and is very positive now. Sitting at 3.3%.
That means 3.3% x 70% = 2.3% (because there is a "rebate“ on stock funds) of your unrealized gains are taxed on the year.
Dividends of distributing funds are counted towards this, so if it distributes 2%, only another 0.3% need to be paid for in taxes.
Now for accumulating funds, the full 2.3% in this case are counted as unrealized gains to be taxed.
Which currently and maybe for the forseeable future brings both distributing and accumulating funds at the exact same outcome under the german tax scheme.
In the past the accumulating funds had no Vorabpauschale to pay, so were strictly better tax wise under that regime. These times seem to be over for now. But could come back of course and as you are never worse off with accumulating funds, most still prefer them.
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Yeah do we have any info about that?
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I do agree with you I do buy all my shares with IBKR. But as a leveraged RE investor I still need brick and mortar legacy banks and I can grant you than they still employed silly old fashioned banker who prefers to see CHF than USD when considering the robustness of of your portfolio even when we talk about a World etf!!
Anyway the relatively new Xtrackers XALL with 0,07% is traded in CHF. It lacks small cap but it is not a huge problem because avoiding SCG is good as I have SCV tilt
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So you mean that the fund being wrapped in CHF tricks the lazy banker who doesn’t check that the base currency is still USD? And this lets you achieve a higher leverage when using this stock as collateral? 
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The base currency of the fund is pretty much irrelevant for risk purposes as well.
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Fair enough. But I suppose it is chosen to reflect the most common denominator for the underlying businesses. 62% are pure USD and a few more countries are either pegged or strongly related to USD.
Let’s not forget there might be some countries which do not have capital gains tax. In those cases people might be switching away from VWRL to new ETF too.
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This ted talk is interesting with some more data
Might make sense (easier to follow) to move the AI discussion to its own thread 
Yes it exist but the AuM is very small compared to acc version at the moment.
For tax : Virtual Dividends on ICTAX
If it’s the same fund, I don’t think the AUM in a given share class matters much.
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