VIAC just launched a new offer for digital asset management at “a top price!”
Until 31.12.2025, VIAC waives the administration fee 
After that, you only pay 0.25% per year on the invested share, no matter how often and how much you deposit or adjust your strategy.
What do you all reckon? Can’t really be compared to IB anyway, right?
It seems total cost of investing is 0.46% (0.25% for management , 0.21% for TER) for Global 100 strategy
I think net net it’s similar to Finpension (which is 0.39% + TER + stamp duty - WHT credit)
** At first glance I thought it was 0.25% total. Which is not the case
Viac has decided to create new funds which simply contain passive UBS funds.
That seems to imply VIAC takes the WHT credit to themselves, is this true?
I don’t get it, why they would do that? As an investor, individualisation is almost impossible with that approach.
I think it’s not that take the credit.
I think they simply don’t get the credit
Finpension is only one who does it using ishares ETF. I think other providers don’t provide info to get credit
Remember the funds used for „invest“ would not be pension funds
I see - yes on their website it is not very clear (at least to me):
VIAC funds are generally exempt from stamp duty. Care is taken to ensure that the target funds are optimized with regard to withholding tax and that either no withholding tax is deducted or that it can be reclaimed if possible.
I don’t know if this is true for private invest (non 3a)
If yes then I would like to know those funds and just buy myself
This was from their website for VIAC Invest:
https://viac.ch/en/products/invest/strategies/
This seems to be correct, according to https://viac.ch/app/uploads/Prospekt-VIAC-Fonds.pdf, for instance for North America:
max. 100% in den Zielfonds UBS (CH) Index Fund - Equities USA NSL
I am a bit confused
How can UBS Passive USA recover all the WHT?
Sometime back I asked this question to UBS directly and I never got clear answer.
If it was easy to get money back, why would UBS firm ETFs in Ireland instead of Switzerland.
It is not the case with Viac invest
Looks like VIAC invest is a good offer but it is not very different than Finpension in terms of total costs.
Broker + World ETF + chill seems to be winning still
They ensure all their investors are in CH. Mutual funds can do that, ETFs can’t
I know in theory
But I don’t think they do get WHT back
I asked this specifically to UBS and they said they are not equivalent to Ireland.
But need to check their actual performance
While it’s correct that mutual funds can restrict the set of investors (and this is used in 3a to recover US WHT), have you found any indication that this UBS index fund is actually able to reduce US WHT from 30% to 15%?
Mutual funds with Swiss domicile are not subjected to the swiss stamp duty when traded at SIX. This is probably their only advantage. But yeah, I wonder what’s gonna happen if somebody clever will launch a Swiss mutual fund holding (US?) ETFs.
Prospectus mentions:
Any income and capital gains realised abroad may be subject to the relevant withholding tax deductions imposed by the country of investment. These taxes will, as far as possible, be reclaimed by the fund management company on behalf of investors resident in Switzerland under the terms of double taxation treaties or other such agreements
but yeah let’s compare the returns.
edit: tho public returns might not take into account wht refunds, ideally we’d need a swiss investor to check their statements 
Pour les revenus imposés à la source provenant de pays qui ne figurent pas aux annexes III
et IV, le FCP, la SICAV et la SCPC ne peuvent prétendre à aucun dégrèvement fiscal. Dans
de tels cas, la prétention au dégrèvement fiscal appartient exclusivement à l’investisseur.
Assuming those funds are indeed an FCP/SICAV or SCPC, since USA is not in the list, if it can be recovered it will be by filing a DA-1. So it will depend whether viac gives the data (which UBS should definitely have).
