This is my first post in your community forum and feeling excited about it . I am also a newbie in the whole world of savings investment (unfortunately… ). In the last couple of weeks, I am trying to increase my awareness and more than that my literacy on this topic. I bought myself several books suggested here and there, and trying to read as much as possible from this forum as well).
As a first step, I wanted to check my 3a pillar investments in UBS that I kept in a managed fund (Vista Invest World 50 Sustaintable U) over the last ~3-4 years. As far as I understood from the forum, many people uses VIAC or similar solutions for their 3a pillar accounts due to high management/commissioning costs on mainstream banks (e.g. UBS). Anyways, (being a complete noob) I wanted to check how much of those fees were charged in that regard to my 3a pillar custody account in UBS over the years yesterday and surprisingly I could not find anything in the transaction history of my account. (p.s. I can see such recurring costs in my other non-3a investment account (quarterly management cost fee debited on the non-3a investment account)).
In the “Fees” tab of the link that I shared above for the fund, I can see a “flat-fee” 1.5% that says is charged to the “fund’s assets”. I assume this means, this is not directly charged to my account, but reflected to the performance of the fund, right? Also, there is a 1.2% management fee, that says " PM-fees charged to the NAV p.a." Is this also reflected to the net asset value of the fund?? Basically, if I understood correctly, all these costs are somehow hidden in the performance of the fund? Anyways, I found this very “not transparent” and now looking for another option with the help of your community.
If I understood correctly, VIAC provides a set of investment options that a customer can adjust manually depending on the risk that they can afford for their savings. I observed that (different than UBS Vista fund), VIAC offered strategies and popular choices in this community avoids “Bonds” in their selection. Can you explain me also why is this the case? Isn’t “diversification” should be the goal for my long-term investment plan?
Thanks in advance and have a nice Friday afternoon!