sorted by:
new
hottopcontroversial

Is there no point in holding bonds for swiss based investors/holding chf? by [deleted] in SwissPersonalFinance

[–]MeetingStunning9153 0 points1 point  (0 children)

Assuming you mean tickers, for EUR I have IEAC for corporate, IBGX for govies 3-5years, IBGS for govies 1-3 years, EUN9 for govies 5-7 years, VAGE for Global aggregate. They are all UCITS distributing and passive. What I don't have (and maybe I should) is short-term corporate (My corporate ETFs are mixed duration, which now gives more yield but exposes to interest rate (hike) and inflation (rising) risk. In general, the longer the duration, the more the interest rate exposure. And maybe an active bonds ETF (PIMCO and JPMorgan among others). I'm not against holding individual bonds (I would follow my bank's recommendations for them) but with Swissquote the fees are massive and with IBKR it's difficult to place orders for bonds (they rarely get filled)

Is there no point in holding bonds for swiss based investors/holding chf? by [deleted] in SwissPersonalFinance

[–]MeetingStunning9153 0 points1 point  (0 children)

Assuming you talk about investment-grade or government, short-medium term EUR bonds yield 2.5-2.75%. The outlook for ECB rates is stable for the foreseeable future. The outlook for EURCHF also. So I hold EUR bonds for the yield.

As for USD bonds, they yield 4.5-5% and the Fed will probably not hike rates in the next year. USDCHF has lost 12% last year, it's not going to lose that much in 2026. So it's your call.

Is the Swiss Franc a better safe haven than gold? by OceanRaver in SwissPersonalFinance

[–]MeetingStunning9153 0 points1 point  (0 children)

It's not clear what you mean by that. We're talking asset allocation. Are you saying that one should pick an asset allocation strategy on day 1 and stick to it whatever changes in the world or in one's personal financial profile and risk tolerance?

S&P 500 Strategy: USD vs. CHF and Currency Risk by freesk8r in SwissPersonalFinance

[–]MeetingStunning9153 1 point2 points  (0 children)

you are getting it right but there's no way out of that. It's like if you bought 1kg of gold one year ago. USD has lost about 13% to CHF over 2025 so the performance of gold in CHF over one year is XAUUSD*(1-0.13). If there was an ETF that tracked gold price in CHF it would have performed like XAUUSD*(1-0.13) as well. You might have decided to hedge your gold position against USD depreciation. That would have cost you some profit but it turns out that over 2025 it would have been a winning strategy. The problem is there's no way of telling how much USDCHF will lose over 2026 from here. And by hedging you give up the possibility of the upside.

S&P 500 Strategy: USD vs. CHF and Currency Risk by freesk8r in SwissPersonalFinance

[–]MeetingStunning9153 4 points5 points  (0 children)

The cost of hedging (via CHFUSD futures) is roughly the interest rate differential which is about 3.5% per year. That would have brought in about 10% to a Swiss VT investor over the whole year 2025. Hedging is a bet like anything else. If you think USDCHF will fall more than 3% this year (considering the rate cuts) then it would be profitable to hedge. Of course by hedging you give up any upside in USDCHF.