Just because one could,
doesn’t mean one should.
1 Like
Do you think, now that Yuh offers VWRA as a 0% commision fees fot their investing, it is an interesting option ?
The VWRA TER is a bit lower now at 0.19% but still slightly higher than the 0.15% of FWRA. The bigger reason why I would prefer Neon is that Yuh still doesn’t allow security transfers. If you want to move to a regular broker in the future, you either have to keep your previous investments at Yuh or sell them for 0.5% and rebuy them. Other than that, it seems reasonable to me for a simple solution.
I don’t use either of these two for investments, though. I’m using regular brokers instead.
5 Likes
Are they legally even allowed to not allow security transfer?
They do fractional trading, so the shares don’t belong to you the same way they belong to you “normally”. Maybe that’s a loophole for not having to offer transfers?
1 Like
Yes. Because it’s mentioned in the account opening terms. At least on Saxo autoinvest it’s a term that money can only be withdrawn in cash
in one way or another they need to make money. The buying fees is zero, custody fees is zero. The money is made at the exit. I think other way of doing this could be to apply 0.5% transfer fees for securities in this account.
1 Like
To my knowledge, this is not regulated in Switzerland, unfortunately. In the EU this might not be legal.
finpension Invest now offers the iShares MSCI ACWI ETF in custom strategies. I think that wasn’t in the original fund list. With its 0.20% TER, the total costs rise to 0.59% p.a. for the global stock portion but at least it does provide better coverage of global stocks and allows for easier customization (e.g. 90% global stocks and 10% SPI is now trivial).
I don’t know whether a US WHT report is provided for that as well or whether that’s exclusive to the S&P 500 ETF.
I think the main basic fund that is still missing is a CHF-hedged global bond fund. And offering the odd CHF-hedged gold ETF but not the normal gold ETF is strange to me.
The 0.59% p.a. is still a tad high, though. Avadis is very slightly cheaper. And finpension could easily reduce this to the same level as their standard strategies by offering the UBS Core MSCI World ETF with its 0.06% TER - unless partnering with iShares somehow prevents that.
3 Likes