Less depth, only 30 titles. TER at 0.45% is higher than the UBS alternative. Prima vista, less attractive to me.
CSIF (CH) Equity Switzerland Small & Mid Cap
The black horse among the three. This one has been mentioned in here before and even made it into the forum’s recommendations list, but I frankly still do not fully understand this type of instrument. It’s not an ETF, it has fixed spreads, the fees are unclear however (it says 0%, but I find that hard to believe). Anyone has got experience with this one? Maybe @nugget who wrote about it before?
What do you think? Any other ETFs/Funds to mention?
The CS one, CH0110869143, I bought/own via Finpension 3a.
It’s a fund only for pension products AFAIK, hence the ZB & “for qualified investors” top right, and it would be interesting to know if anyone owns it outside of a pension product.
Here’s what Finpension says about a fund compared to an ETF.
"Indexfunds Like ETFs, index funds are passive investment instruments. However, index funds have two major advantages over ETFs: Withholding taxes on foreign dividends and interest income can be reclaimed thanks to an investor group control system. There are no stamp duties on the purchase and sale of the funds (0.075 % each saved for Swiss ETFs and 0.15 % each for foreign ETFs)."
Disadvantage is certainly the spread defined by CS and not the market.
That’s exactly the ETF I have for my home bias. I keep around 10% of by asset allocation in this ETF and I have so far happy with it. I bought it on DEGIRO as the fees are low there. If I remember correctly @_MP also uses this ETF in his portfolio.
How would you choose your home bias ETF? I see you focus on small & mid cap (e.g., with the SMIM), although there are only 30 companies in, so not very diversified. For example, CHSPI focuses on large cap but is more diversified and has a TER of 0.1%. Wouldn’t be a better option?
Thought UBS ETF (CH) MSCI Switzerland IMI Socially Responsible (CHF) A-dis ISIN CH0368190739 was interesting because of the 5% cap on each title. So automatically you are overweight mid and small caps. Doesn’t need to be SRI for me but no harm I guess.