Do you also consider tax criteria when selecting ETFs?

Please note that the following answer only applies to clients of our Wealth offering.‌

Tax criteria are also taken into account when selecting ETFs. As we also explain here, the tax treatment of ETFs for private investors has been significantly simplified by the Investment Tax Act (InvStG) 2018. Domestic and foreign funds are now taxed according to the same system, so since the beginning of 2018, unlike under the old tax regime, foreign accumulating funds are now also used.

The tax burden is paid directly by the custodian bank. This means that there is no additional expense for private investors in the tax return.