mega-plop · 2024-05-16T09:47:32.473487Z

What do you think of this ETF? $IPRV

2Anno

0.75% TER would be too high for me 🤷‍♂️

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Get_Rich_or_Die_Tryin@Get_Rich_or_Die_Tryin

2Anno

Since private equity per se is much more difficult to access, I think the TER is still okay. I have the ETF in my custody account and save for it monthly. There is also the clear advantage of the fund domicile with regard to withholding tax. A number of large private equity companies are based in the USA, which means that distributions from these companies are also subject to withholding tax.

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Guni91@Dividenden-Stamm

2Anno

@PassiveInvest Let me tell you that such ETFs are 99% junk, because they are only offshoots of the main funds and usually perform much worse and you usually have many more costs that are not recognizable at first glance. And the return is diminished by far Read through the data. In general, everything that is offered in this segment is a waste of money for private retail investors. Ask yourself why such ETFs come onto the market and are freely accessible, because it's basically just about collecting money for the main funds. And as a rule, only hedging transactions are conducted via such freely accessible ETFs.

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Get_Rich_or_Die_Tryin@Get_Rich_or_Die_Tryin

2Anno

@Dividenden-Stamm but this ETF buys shares in listed private equity companies, not in private equity funds. Basically, I agree with you that private equity funds are absolutely nothing for private investors, as they often package 2nd choice or refinancing nicely.

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SanSebastian@WarrenamBuffet

2Anno

interesting sector in itself but I would pick individual companies here, the TER would only not be too high for me if it outperforms the MSCI World in the long term, which it does not.

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KevinE@KevinE

2Anno

@WarrenMunger1989 In fact, it does exactly that if you only compare the maximum period (since 2010). 334% MSCI World (I took the $HMWO ), 368.9% Equity.

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SanSebastian@WarrenamBuffet

2Anno

@KevinC to 10 years yes, if you go further and take e.g. the amundi the picture turns ;-)

https://extraetf.com/de/etf-comparison?products=IE00B1TXHL60-etf,FR0010315770-etf

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KevinE@KevinE

2Anno

@WarrenMunger1989 I deliberately chose the longest possible period.

But I admit that I didn't expect such a big difference between 14 years (clear winner Equity) and 10 years (clear winner World)!

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SanSebastian@WarrenamBuffet

2Anno

@KevinC Yes, it's really difficult to draw conclusions about future performance now. I have $BX in my portfolio myself. I'd like to have more from the universe, but I'd rather have it via an ETF, but it's too expensive for me. If it had a ter of 0.4-0.5 now, I would add it and see how it develops over the next few years.

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KevinE@KevinE

2Anno

@WarrenMunger1989 I have a similar view. I participate in the topic at $BLK.

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SanSebastian@WarrenamBuffet

2Anno

@KevinC I have them too, that's right, they are also here in the game ^^

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Stulle 🥪@Stullen-Portfolio

2Anno

For me, the risk/reward ratio is not right: too high volatility and maxDD in relation to the expected return.

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Guni91@Dividenden-Stamm

2Anno

Nothing Either you have the necessary small change for the real companies behind it or you leave it alone. As most of them cause more costs than effective returns. It is also a good idea to read a data sheet to understand where investments are being made. And being blinded only by the return is the wrong approach.

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