Is anyone using their AutoInvest function? I was thinking about investing in a world ETF. As far as I can see, they’re offering SSAC in CHF, which seems like a good option. Any thoughts?
SPDR ACWI would be cheaper
Same index , low TER
I don’t think this one is possible for AutoInvest.
On their current ETF-list SSAC is probably the best option.
I guess you would choose the CHF version to avoid currency exchange fees?
Yes, that was exactly my thought.
I haven‘t calculated it yet but might it be cheaper to just regularly buy VT at Saxo with higher fees but a lower TER than SSAC?
Yes.
In the long-term recurring costs like TER are more important than one-time costs like currency-exchange.
But obviously there is no AutoInvest function with VT.
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To me, AutoInvest is not that important. I would like to buy the cheapest world ETF at Saxo. So if I buy VT, I will have to pay commission and currency exchange but have a lower TER of 0.07%. On the other hand, when buying SSAC in CHF through AutoInvest, I could save commission and currency exchange but have a higher TER of 0.20%.
I will then tend to VT.
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I also want to invest with a Swiss broker and have chosen Saxo because of the lower fees compared to Swissquote.
So far, however, I’m not quite sure which world ETF I should invest in with Saxo and where I will get the best long-term performance.
Saxo allows you to invest in SSAC (CHF) using the AutoInvest function, so there are no commissions (otherwise 0.08%, min. CHF 3). In addition, investing in an ETF in CHF would save you the foreign currency exchange fees (0.25%). However, SSAC has a TER of 0.20%.
On the other hand, Saxo of course also offers all other world ETFs (including VT). In the case of VT, however, there would be a 0.25% conversion fee as mentioned above. In addition, a commission of 0.08% (min. USD 1) has to be paid. But of course VT has an attractive TER of 0.07% and is the most tax efficient.
Which ETF would you recommend? Maybe others besides the two? My reasoning is that the lower TER of VT and the higher tax efficiency are more profitable in the long term than higher one-off costs when buying.
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If you can get US withholding tax back, VT is no brainer. If you can keep it at least couple of years.
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I have no experience with Saxo in this regard, but I assume that 85% of the dividends are paid out to me and that I can offset the remaining 15% via my tax return if my portfolio is of the required size. Perhaps someone here who is with Saxo can comment on this?
It’s not a question of Saxo, but of other elements of your declaration, such as a mortgage and others.
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So which one would you recommend if I want to invest at Saxo (Autoinvest) and not at IB.
Ishare Core MSCI (USD)
Ishare MSCI ACWI (CHF)
How high is the impact of the currency fees? Is it better to invest in CHF?
[ETF-Vergleich: Kosten, Wertentwicklung & mehr vergleichen]
(https://extraetf.com/ch/etf-comparison?products=IE000716YHJ7-etf,IE00B6R52259-etf,IE00B4L5Y983-etf)
Actually, I always bought Invesco till Summer, after that, switched to MSCI Core using AutoInvest
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You are comparing an MSCI World to a MSCI ACWI to a FTSE All-World ETF.
Those are three different indices and only two of them have emerging markets incluced.
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Yea as @Luk_nuts already said, that comparison does not make sense.
Now if you added an S&P500 etf, would you have switched to that as well? It would outperform everything in the chart.
Because that‘s why the msci world outperformed acwi/ftse all world, as it contains more USA then the ftse all world, due to lacking emerging markets.
And the US outperformed everything the last 10 years.
And I would not assume for that to repeat the next 10 years.
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@Oxyver asks in #113, Ishares Core MSCI and Ishares MSCI ACWI. The Link is for educational purposes, of course I know the difference, but i tought he didn’t know the difference. No problem at all 
Saxo Bank just announced that they are waiving their custody fees (scroll a bit down to the announcement):
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Starting to look quite interesting. Seems they want new customers.
I think, if they had true multi-currency accounts (incl. deposits and withdrawals), it would really close in on IBKRs features (at least for my purposes).
On the other hand, they seem to have an actual Swiss entity (and probably no US estate tax compliance nonsense on purely UCITS accounts).
I would like to see their actual margin rates, and how they handle futures margin (they seem to claim it just uses your assets’ margin capacity).
If there is no urgency, it might be good to wait until they sort out the mess with missing assets, and also wait and see how their sale develops.
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Missing assets? What did I miss?