VIAC’s Pillar 3a offering will be enhanced with the following features as of 31.08.2021:
- Now: weekly rebalancing
Rebalancing will take place on a weekly basis starting Tuesday, 31.08.2021. Deposits, transfers and strategy changes will henceforth be invested or implemented weekly on Tuesdays. If it is a public holiday, the rebalancing will take place on the next possible trading day. Between Christmas and New Year, there will be no rebalancing due to limited tradability.
- Expansion of fund universe for individual strategies
As of Wednesday, August 18 2021, you can choose the following new funds for your individual strategy:
CSIF China Total Market, LU1815001406
iShares Global Clean Energy, IE00B1XNHC34
CSIF SPI ESG, CH0597394516
CSIF World ex CH ESG hedged - Pension Fund, CH0337393851
- Withholding tax in Japan
In addition to the USA, you now also invest in tax-exempt fund tranches in Japan. The switch to tax-exempt fund tranches will take place automatically for all customers as of 31.08.2021. The following funds will be replaced by the tax-optimized counterpart:
CSIF World ex CH - Pension Fund
CSIF World ex CH hedged - Pension Fund
CSIF World ex CH ESG
- Sustainable implementation of Swiss equities
In spring 2021, SIX launched a sustainable index on Swiss equities. The SPI ESG excludes companies with an ESG impact rating lower than C+. It also excludes companies that generate more than 5% of their sales in a critical sector (including alcohol, defense, gambling, genetic engineering, nuclear energy, coal and tobacco). The fund also does not invest in companies recommended for exclusion by the Swiss Association for Responsible Investment (SVVK). The new CSIF Equity Switzerland Total Market ESG fund replaces the previous Swiss equity funds in all sustainable standard strategies.
I’m unsure whether this move to a more frequent weekly rebalancing would lead to increased fees (commissions and exchange rate, both VIAC and third parties), what is your view?
In such case, it may be beneficial to switch to an individual strategy.