- April 25, 2024
- Posted by: legaleseblogger
- Category: Related News
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## Seeking Advice on Investment Transition from Switzerland to Japan
Hey all,
I have a very specific question.
I’m currently living in Switzerland, and I have investments with Vanguard, which is available in Switzerland.
I have investments in Swiss francs in global index mutual funds.
I have intentions to move to Japan permanently. From my knowledge, I’m not able to keep my investment as they are, since I suppose to be a tax resident in Switzerland. I hope I’m wrong on this.
If all stated above is correct, I have to move my assets to a broker available in Japan. But I don’t want to have my investments in Yen!
My ideal scenario is to have investments in global index fund in Swiss francs, or at least Euro or Dollars, while being a tax resident in Japan. Also, I would like to know if there are very secure brokers available in Japan, such as Vanguard/BlackRock etc.
Any suggestions?
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****** just grabbed a
>But I don’t want to have my investments in Yen!
So do the Japanese!
>global index fund in Swiss francs
Highly unlikely that you will find CHF-hedged ETFs in Japan.
>or at least Euro or Dollars
Again, Euro or USD hedged ETFs? I’m starting to doubt that you understand how index funds work. Are you actually investing CHF-hedged funds in Switzerland?
>Also, I would like to know if there are very secure brokers available in Japan, such as Vangaurd/ blackrock etc.
I mean Japan is 3rd economy in the world, so financial institutions are reliable.
>I have intentions to move to Japan **permanently**.
“Permanently” is a strong word for someone who has not lived here at least for a couple of years.
> I have investments in Swiss francs in global index mutual funds.
This is like saying you have investments in gold bitcoins. Swiss francs and mutual funds are two different types of assets. You can have investments in Swiss francs (e.g., cash deposit in a savings account) and you can have investments in mutual funds (which are not a currency), but there is no such thing as investing in both types of assets simultaneously.
The closest thing that exists to investing in both types of assets would be a currency-hedged mutual fund, as others have suggested, but those are typically expensive and not well-suited to long-term investors.
> I don’t want to have my investments in Yen!
There is no need to invest in yen just because you are using a Japanese brokerage. Japanese brokerages sell all sorts of products, including global index-tracking mutual funds, probably similar to the ones you already hold.
> My ideal scenario is to have investments in global index fund in Swiss francs
Again, this doesn’t make any sense. A global index fund holds shares, not currency. If you use currency to purchase shares in a global index fund, you don’t hold any currency anymore. You have sold your currency in exchange for shares. If you want currency, you would need to sell your shares in the fund.
> I would like to know if there are very secure brokers available in Japan, such as Vangaurd/ blackrock etc.
Yes, there are secure brokers in Japan. Among the largest and most-commonly recommended brokerages are SBI Securities, Rakuten Securities, Monex Securities, and auKabuCom Securities.