Zero-Kan vs. All-Country: Five Differences and Whether the Zero-Fee Fund Is Worth Considering

This video compares Zero-Kan, a zero trust-fee fund from SBI Asset Management, with eMAXIS Slim Worldwide Equity, known as All-Country, from Mitsubishi UFJ Asset Management. Both funds aim to track the MSCI ACWI dividend-included, yen-converted index, so the comparison focuses on practical differences rather than the underlying index. The discussion also addresses the misconception that a zero management fee means zero total cost.

■ Fund comparison
- Shared index: MSCI ACWI, covering developed and emerging markets
- Differences reviewed: management company, inception date, available account types, management fee, and treatment after age 18
- Fee context: Zero-Kan lists a 0.00% annual management fee, while All-Country lists 0.05775%, with other costs noted as possible
- Account availability: Zero-Kan is described as Junior NISA only, while All-Country is available in taxable, NISA, and Junior NISA accounts
- Post-18 treatment: existing Zero-Kan holdings can remain in an adult NISA quota, but new purchases are not possible
- Evaluation factors: track record, simplicity, flexibility, and hidden costs

■ Context and audience
- NISA use cases and the arrival of low-cost funds for children
- A mention of Rakuten's announced zero-trust-fee investment trust for children
- A promotional segment for Libe-City, a membership service offering financial tasks and community features

Viewers comparing low-cost index funds for NISA or children's accounts can use the comparison to identify the main differences and decision points. The video is suited to those who want a structured overview before deciding whether a newer zero-fee fund or an established All-Country fund fits their circumstances. It encourages viewers to make their own choice based on their preferences and account needs.