So I’ve tried this VIAC thing starting this year. Transferred money first business day of the year, a week later all of it got invested in my custom allocation with S&P 500 and, for lack of better choice, CSIF World ex CH, as my top holdings.
I’ve looked now at how my portfolio’s doing after another week now. Theoretically both of these two funds should have very similar performance as Switzerland is negligible in the world. World has some performance drag due to ex-US but not too bad. Both should be very positive after an extraordinary good week on the stock market. BUT that’s not what I saw on my portfolio report!
- iShares Core S&P500 delivered +0.73% - ok, should have been >1% but maybe there’s a time lag in reporting
- But the credit suisse’s fund CSIF World ex CH delivered -0.36% at the same time! For a difference of almost 1%!
Looking into trade details, I was charged whopping 0.90% more than Ausgabepreis for that fund on the day of the trade (according to http://www.fondscontainer.ch/vwdch/fonds_einzelkurs_history.htn?u=125&sektion=ueberblick&i=34089406) which is what caused the loss.
Anyone else feel like they are getting ripped by VIAC/CS here?