US ETFs for Swiss Investors: What You Need to Know About the Legal Situation
For many private investors in Switzerland, exchange-traded funds, known as ETFs, are a popular instrument for long-term wealth accumulation. This often raises the question of whether products domiciled in the US can be purchased directly. The answer is: Yes, US-domiciled ETFs are generally available for purchase by investors in Switzerland through local brokers.
A significant advantage for investors in Switzerland is the tax treatment of securities. Private capital gains from the sale of securities are generally tax-free in Switzerland. This also applies to gains generated from US ETFs, provided the investor is not classified as a professional securities dealer.
Nevertheless, investors should inform themselves thoroughly before making a purchase. US ETFs are subject to different regulatory requirements than European products. Furthermore, investors must check the specific terms of their broker, as not every platform supports the trading of US products to the same extent or features the same fee structures.
In summary, access to US ETFs offers Swiss investors a broader range of investment opportunities. However, since the legal and tax framework can be complex, it is advisable to clarify your personal circumstances and, if necessary, carefully compare the terms of your own broker before investing.