3Mon·

Incorrect information

$XCHA (+0.13%) Onvista and Getquin each show different positions for the top 10. Here it is only American and on Onvista it is Chinese. Where does the difference come from and which values are actually available?

6 Comments

Staatsmann@Staatsmann

3Mon

Synthetically replicating.
Onvista simply shows the index.
getquin the real holdings according to the issuer, as synthetic ETFs do not invest in the index but in the index return by means of swaps.

In other words, in reality your money is in the swaps and not in the index.
Therefore, getquin shows the correct data for the allocation. (The swaps can also be found at Xtrackers).

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Kreon@Kreon

3Mon

@Fabianfeuer @Staatsmann In short: you get the return on the positions displayed on OnVista. However, the fund manager invests in the getquin positions in order to achieve this and hedges this with swaps, which is only relevant if the fund provider goes bankrupt. Then the shares in which the fund is invested are your special assets. With European funds (UCITS), however, there is strict regulation, so you are relatively safe.

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Fabian F.@Fabianfeuer

3Mon

@Kreon @Staatsmann In other words, I don't invest in Chinese companies at all, but still achieve their returns?

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Staatsmann@Staatsmann

3Mon

@Fabianfeuer Correct, as you are investing in the index return and not the index itself.
So you are investing in the ETF achieving the return of the index, but not in the index allocation.

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Fabian F.@Fabianfeuer

3Mon

@Staatsmann is really stupid if you want to invest in the index itself. Is there another option?

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Staatsmann@Staatsmann

3Mon

@Fabianfeuer Physically replicating ETFs correctly track the index.

Amundi has almost only synthetic ETFs.
ishares usually physically replicating and xtrackers a mix.

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