I would appreciate advice on selection of funds through which to invest AVCs in a company pension scheme. These funds are with Bank of Ireland Asset Management (BIAM).
International Equity Fund
Pensions Managed Fund
Consensus Fund
Cash Fund
I am in my mid-forties and I am thinking of starting with
50% International Equity Fund
50% Consensus Fund
I don't (currently) expect to retire before 65.
International Equity Fund:
pure equity fund, actively managed by BIAM.
invests in the shares of international (non-Irish) publicly quoted companies (Europe (ex Ireland), UK, North America, Japan and other Far Eastern countries). Currently approximately 25% of the fund is invested in Eurozone equities, 74% in non Eurozone equities and the balance is held in cash.
Pensions Managed Fund:
a balanced fund with an investment objective of achieving capital growth over the long term through investment in equities, bonds, property and cash instruments both in Ireland and overseas.
actively managed by BIAM.
The fund invests primarily in Irish and international company shares with the balance in bonds, property and cash. BIAM manages the exposure to equities around a long-term neutral position of 65% depending on market prospects. Currently approximately 77% of the fund is invested in equities, 14% in bonds, 6% in property and 3% in cash.
Consensus Fund
a passive Managed fund.
invests in equities, bonds, property and cash instruments
the fund is designed to mirror the general investment strategy followed by Irish fund managers rather than reflecting the judgment of BIAM. As a result, the fund’s asset allocation reflects the average manager mix of equities, bonds, property and cash. Within each asset class, the fund follows the relevant market index. This strategy aims to eliminate manager risk, which is the risk of being invested with an investment manager who underperforms.
The fund invests primarily in Irish and international company shares with the balance in bonds, property and cash, and is determined according to the make-up of the average Irish pension fund. Currently approximately 78% of the fund is invested in equities, 14% in bonds, 4% in property and 5% in cash.
Cash Fund
The objective of the Cash Fund is to provide a return in line with wholesale Irish deposit rates.
Fund Annual Management Charge
The International Fund 0.75%
The Managed Fund 0.75%
The Cash Fund 0.30%
The Consensus Fund 0.375%
Thanks for any help.
International Equity Fund
Pensions Managed Fund
Consensus Fund
Cash Fund
I am in my mid-forties and I am thinking of starting with
50% International Equity Fund
50% Consensus Fund
I don't (currently) expect to retire before 65.
International Equity Fund:
pure equity fund, actively managed by BIAM.
invests in the shares of international (non-Irish) publicly quoted companies (Europe (ex Ireland), UK, North America, Japan and other Far Eastern countries). Currently approximately 25% of the fund is invested in Eurozone equities, 74% in non Eurozone equities and the balance is held in cash.
Pensions Managed Fund:
a balanced fund with an investment objective of achieving capital growth over the long term through investment in equities, bonds, property and cash instruments both in Ireland and overseas.
actively managed by BIAM.
The fund invests primarily in Irish and international company shares with the balance in bonds, property and cash. BIAM manages the exposure to equities around a long-term neutral position of 65% depending on market prospects. Currently approximately 77% of the fund is invested in equities, 14% in bonds, 6% in property and 3% in cash.
Consensus Fund
a passive Managed fund.
invests in equities, bonds, property and cash instruments
the fund is designed to mirror the general investment strategy followed by Irish fund managers rather than reflecting the judgment of BIAM. As a result, the fund’s asset allocation reflects the average manager mix of equities, bonds, property and cash. Within each asset class, the fund follows the relevant market index. This strategy aims to eliminate manager risk, which is the risk of being invested with an investment manager who underperforms.
The fund invests primarily in Irish and international company shares with the balance in bonds, property and cash, and is determined according to the make-up of the average Irish pension fund. Currently approximately 78% of the fund is invested in equities, 14% in bonds, 4% in property and 5% in cash.
Cash Fund
The objective of the Cash Fund is to provide a return in line with wholesale Irish deposit rates.
Fund Annual Management Charge
The International Fund 0.75%
The Managed Fund 0.75%
The Cash Fund 0.30%
The Consensus Fund 0.375%
Thanks for any help.