Beyond the Expense Ratio: Uncovering the True Cost of Your ETFs

📢 Welcome to our next Luxembourg Finance Circle meetup!
This time, we are moving from theory to practice. An ETF might have a low expense ratio, but what are you really paying? Hidden fees, from trading costs to swap structures, can silently eat into your returns. This event is for any investor who wants to build a truly cost efficient portfolio by understanding where the real costs are buried.
🧭 Format of the Event
This is a casual, discussion-based gathering with no long presentations. We'll sit around the table, and your host Romain will kick things off with a 10-minute introduction to the common types of hidden costs in ETFs before opening the floor for a free-flowing group discussion.
I will be creating a new video on this topic, which will be shared in the comments here and in the pre-event email. Keep an eye out for it!
👥 Who Can Join?
Everyone is welcome. This discussion will be especially valuable if you are:

• A passive investor wanting to optimize your long term returns.
• Confused by terms like "tracking difference," "spread," and "swap fees."
• Building a new portfolio and want to choose the most efficient products from the start.
• A seasoned investor willing to share your own due diligence tips.

Feel free to bring a friend who might find this topic interesting!
📌 Practical Info

• Date: Wednesday, August 20, 2025 (Please note the change from our usual Tuesday!)
• RSVP: Please RSVP so we can manage space.
• Drinks: Drinks are self paid at the venue bar.
• Location: The bar is hidden at the back. Ask at reception for directions if you are unsure.
• Language: The event will be in English.
• Limited Seats: Please cancel if you cannot make it to free up your spot for someone on the waitlist.

See you there!