True Wealth clients now have the full picture: All securities held in ETFs are disclosed

Press Release

Zurich, 03.10.2024

ETF investors are familiar with the problem: finding out which individual securities are included in an investment instrument can only be done with great difficulty using factsheets and supplementary data tables. Identifying overlaps in a portfolio used to be extremely time-consuming. True Wealth is now changing that.

True Wealth, the leading digital asset manager in Switzerland, launches the «ETF Lookthrough». This innovative tool allows clients to look through ETFs and index funds: The individual securities held in their portfolio, i.e. stocks and bonds, can be viewed instantly, displayed with just a few mouse clicks and searched.

This unique functionality is not only available to invested clients, but also to all other interested visitors to the website who would like to test True Wealth with a free virtual portfolio.

With the ETF-Lookthrough, True Wealth is once again setting a higher standard in asset management: «Trust and transparency are crucial for our clients. With this new function, we are giving them a tool to better understand the composition of their portfolio,» explains Felix Niederer, CEO of True Wealth.

No distinction is made between investments in free (untied) assets and Pillar 3a. In addition to ETFs, index funds are also taken into account. For a more meaningful view of the investment risk, shares and bonds from the same issuer are shown in aggregated form.

«ETFs are the key building block for implementing diversification efficiently. However, the term is abstract and appeals to very few people emotionally. With the ETF-Lookthrough, we promote the investment experience and show what broad diversification means: an investment in thousands of mostly internationally positioned companies around the world and not just in a handful of top names that are passed around,» adds Niederer.

The aspect of home bias, for example the tendency of some Swiss investors to invest disproportionately in Swiss stocks, is now also apparent to everyone with the tool. For example, the fact that an SMI investment primarily holds three local champions from the food and pharmaceutical sectors (Nestlé, Roche and Novartis).

The question of how much of your own assets are at risk in the event of a company insolvency (across the shares and bonds issued by the company) is also revealing. The tool also shows this optionally in a holistic view that combines free assets and Pillar 3a.

View through the ETF portfolio: The «Lookthrough» shows transparently which companies you are effectively invested in. Other issuers such as the US Treasury are also shown.

True Wealth remains true to its principle of offering innovative and user-friendly solutions that help investors make provisions for their financial future and strengthen their financial literacy so that they can make the right decisions themselves. The ETF-Lookthrough is a further step in the continuous development of the platform and underlines the commitment to offer clients maximum transparency and a better understanding of their investments.

About the ETF-Lookthrough: A simplified view of the review down to individual issuers can be seen here in the sample portfolio.

About True Wealth

True Wealth was founded in 2013 by Oliver Herren, co-founder of Digitec Galaxus AG, and Felix Niederer, physicist and portfolio manager. The online platform has consistently automated all modern wealth management processes and offers customers domiciled in Switzerland a low-cost wealth management solution from an investment amount of CHF 8'500 or CHF 1'000 for children's portfolios and Pillar 3a investments.

The company manages client assets of more than 1.5 billion Swiss francs, spread over more than 25'000 clients.

The annual all-in wealth management fee is 0.25-0.50%, depending on the investment amount. The management fee for Pillar 3a is 0%.

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