I'm a newbie to the investing scene and trying to figure out the differences between EFTs and index linked funds (Eg Quinn Life). I've searched the forums but still no clearer.
As far as I can tell the EFTs seem attractive because of the potential for low annual fees (eg 0.7%) but the taxation on profits is anything but clear as they can be offshore. Is there much difference between the 2? I'm interested in investing in various index linked funds (such as QL) but unsure if EFTs are cheaper options or if they are completely different products?
As far as I can tell the EFTs seem attractive because of the potential for low annual fees (eg 0.7%) but the taxation on profits is anything but clear as they can be offshore. Is there much difference between the 2? I'm interested in investing in various index linked funds (such as QL) but unsure if EFTs are cheaper options or if they are completely different products?