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Old 09.09.2013, 18:36
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Low cost Investment Funds in Switzerland

Hi, I'm looking to invest some money and am looking for a bank/broker that offers low fee equity investment funds, specifically index trackers for the big US and European markets (funds denominated in CHF would be a bonus). Does such a thing exist in Switzerland?

In the US I'd just open a Vanguard account but in Switzerland I can't find anything like that. Credit Suisse who I have my current account with charge an initial fee of 1.5-2.0% for all their funds and only offer actively managed funds with very high annual management charges. Swissquote who I also use have a choice of 1000s of funds but no low cost index trackers for the S&P etc.

I can't imagine I'm the first expat to run into this problem so hopefully somebody out there can give me an idea of where to look

Thanks!
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Old 09.09.2013, 19:08
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Re: Low cost Investment Funds in Switzerland

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Hi, I'm looking to invest some money and am looking for a bank/broker that offers low fee equity investment funds, specifically index trackers for the big US and European markets (funds denominated in CHF would be a bonus). Does such a thing exist in Switzerland?

In the US I'd just open a Vanguard account but in Switzerland I can't find anything like that. Credit Suisse who I have my current account with charge an initial fee of 1.5-2.0% for all their funds and only offer actively managed funds with very high annual management charges. Swissquote who I also use have a choice of 1000s of funds but no low cost index trackers for the S&P etc.

I can't imagine I'm the first expat to run into this problem so hopefully somebody out there can give me an idea of where to look

Thanks!
Just buy a US product economy of scale
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Old 09.09.2013, 19:44
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Re: Low cost Investment Funds in Switzerland

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Just buy a US product economy of scale
I would but I don't have a US address which makes that more difficult. I also don't know if that would make doing my taxes more complicated (I'm not a US citizen but have worked there)
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Old 09.09.2013, 22:16
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Re: Low cost Investment Funds in Switzerland

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I would but I don't have a US address which makes that more difficult. I also don't know if that would make doing my taxes more complicated (I'm not a US citizen but have worked there)
Have a us broker account , dead easy.
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Old 09.09.2013, 22:53
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Re: Low cost Investment Funds in Switzerland

Swiss Post Finance is easy to use, on-line & in English but probably not the cheapest; probably cheaper than CS. :-) :-)
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Old 09.09.2013, 23:29
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Re: Low cost Investment Funds in Switzerland

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Swiss Post Finance is easy to use, on-line & in English but probably not the cheapest; probably cheaper than CS. :-) :-)
It's way more expensive than trading with Schwab for example, costs higher both selling & buying plus some Swiss stamp duty.....Plus dividends taxed at source 30% rather than 15%. Nothing to like even if cheaper than CS!
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Old 09.09.2013, 20:17
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Re: Low cost Investment Funds in Switzerland

"1000s of funds but no low cost index trackers for the S&P etc."

umm, not trying to sound like a dick but have you not heard of SPY? if all you want is to track S&P, SPY is the etf that is almost 10% of S&P to the penny. just buy the shares in swissquote and be done with it. no management fees, only the commission to buy and sell. Holding a US stock won't affect your taxes any more than holding VW shares. You already have a swissquote account, just click on "north America" in the left side panel, then select "ETF's". The second one from the top is "SPDR S&P 500 ETF" (AKA: SPY)

hit "trade it" enter how many at what price and you now own SPY.
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Old 09.09.2013, 20:27
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Re: Low cost Investment Funds in Switzerland

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In the US I'd just open a Vanguard account but in Switzerland I can't find anything like that.
As a very happy Vanguard investor in the States I understand where you come from!

I have never invested in Switzerland, but Googling for vanguard etf switzerland led me to their Exchange Traded Funds page. I assume that these funds can be bought through the cheapest online brokerage.

To repeat, I know nothing about investing in Switzerland, but hope that the link may help you get started.
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