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jacob733

Denmark
Medlem i 2 år
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3 stars
Vurdering
My investment strategy is based on total market index funds. As a reference point, I will use MSCI ACWI + FM IMI to calculate weights, since this is the most comprehensive index I know of. I get the index weights by googling the index names and find the market cap for each index in the fact sheets that usually show up. I can then just calculate percentages compared to the market cap in MSCI ACWI + FM IMI. First of all, I find that MSCI FM IMI is about 0.16% of the total market cap. Since this is an area that has very limited options for investment for me, and the available funds are too expensive for my taste, then I have chosen to exclude investing in FM for now. I am keeping it in the calculations for future reference though. I see two possibilities for replicating the rest (MSCI ACWI IMI): Using 3 funds MSCI World, MSCI EM IMI and MSCI World Small cap is an exact decomposition of MSCI ACWI IMI. They have these weights relative to the reference: MSCI World: 76.83% MSCI World Small Cap: 11.08% MSCI EM IMI: 11.94% Total: 99.84% To get this, the distribution in funds should be: EUNL: 76.95% IUSN: 11.09% ISN3: 11.95% Combined annual cost: 0.21% Using 7 funds Funds targeting certain parts of the world can have much lower annual cost, which can reduce the combined cost. To get this, I will decompose MSCI World into 6 parts, so the total composition with weights become: MSCI EM IMI: 11.94% MSCI World Small Cap: 11.08% MSCI USA: 52.01% MSCI Europe: 14.54% MSCI Japan: 5.06% MSCI Pacific Ex. Japan: 2.56% MSCI Canada: 2.52% MSCI Israel: 0.14% Here, MSCI Israel is difficult to track, and it is small so I am excluding it from my funds selection, which means that the total market being targeted in this composition is 99.70% The 7 funds should be distributed like this: ISN3: 11.97% IUSN: 11.11% SXR8: 52.16% LYP6: 14.58% LCUJ: 5.08% SXR1: 2.57% SXR2: 2.52% Combined annual cost: 0.13% To get to this level, I have made some approximations. Which means that MSCI USA is represented by S&P 500 and MSCI Europe is represented by STOXX 600 Europe, and in both cases this is due to reducing the annual cost in those funds. There is a fund named XD9U that actually tracks MSCI USA, but it is not in the Nordnet Monthly Savings program, so I am not looking at it right now. This also applies to SXR2, so I am considering if this should be left out as well since it is a pretty small part of the market. One important thing to note is that the difference in TER is 0,08%, which amounts to 800 per million or 80 per 100.000 (any currency applies). I am starting to consider at what level it is worth managing 7 funds instead of 3. I think the portfolio should probably have a significant size before that makes sense. Index weights calculated based on market cap numbers from 2021.07.30.
Biografi
My investment strategy is based on total market index funds. As a reference point, I will use MSCI ACWI + FM IMI to calculate weights, since this is the most comprehensive index I know of. I get the index weights by googling the index names and find the market cap for each index in the fact sheets that usually show up. I can then just calculate percentages compared to the market cap in MSCI ACWI + FM IMI. First of all, I find that MSCI FM IMI is about 0.16% of the total market cap. Since this is an area that has very limited options for investment for me, and the available funds are too expensive for my taste, then I have chosen to exclude investing in FM for now. I am keeping it in the calculations for future reference though. I see two possibilities for replicating the rest (MSCI ACWI IMI): Using 3 funds MSCI World, MSCI EM IMI and MSCI World Small cap is an exact decomposition of MSCI ACWI IMI. They have these weights relative to the reference: MSCI World: 76.83% MSCI World Small Cap: 11.08% MSCI EM IMI: 11.94% Total: 99.84% To get this, the distribution in funds should be: EUNL: 76.95% IUSN: 11.09% ISN3: 11.95% Combined annual cost: 0.21% Using 7 funds Funds targeting certain parts of the world can have much lower annual cost, which can reduce the combined cost. To get this, I will decompose MSCI World into 6 parts, so the total composition with weights become: MSCI EM IMI: 11.94% MSCI World Small Cap: 11.08% MSCI USA: 52.01% MSCI Europe: 14.54% MSCI Japan: 5.06% MSCI Pacific Ex. Japan: 2.56% MSCI Canada: 2.52% MSCI Israel: 0.14% Here, MSCI Israel is difficult to track, and it is small so I am excluding it from my funds selection, which means that the total market being targeted in this composition is 99.70% The 7 funds should be distributed like this: ISN3: 11.97% IUSN: 11.11% SXR8: 52.16% LYP6: 14.58% LCUJ: 5.08% SXR1: 2.57% SXR2: 2.52% Combined annual cost: 0.13% To get to this level, I have made some approximations. Which means that MSCI USA is represented by S&P 500 and MSCI Europe is represented by STOXX 600 Europe, and in both cases this is due to reducing the annual cost in those funds. There is a fund named XD9U that actually tracks MSCI USA, but it is not in the Nordnet Monthly Savings program, so I am not looking at it right now. This also applies to SXR2, so I am considering if this should be left out as well since it is a pretty small part of the market. One important thing to note is that the difference in TER is 0,08%, which amounts to 800 per million or 80 per 100.000 (any currency applies). I am starting to consider at what level it is worth managing 7 funds instead of 3. I think the portfolio should probably have a significant size before that makes sense. Index weights calculated based on market cap numbers from 2021.07.30.
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Unity Software Inc
100,00%
1,00 SEK
+13,80%
W
Walt Disney Company (The)
14,10%
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+1,40%
C
Chewy, Inc. Class A
12,70%
1,00 SEK
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D
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11,00%
1,00 SEK
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H
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8,50%
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A
Airbnb, Inc. - Class A
7,20%
1,00 SEK
+56,12%
F
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5,50%
1,00 SEK
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S
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3,30%
1,00 SEK
+35,80%
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12,60%
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