EBS Fund

dangerhere

Registered User
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Invested 11161 (IRP) 14171 Euro in both balanced and growth funds in 2000. Received a statement today and they are worth 16650. I know they took a big hit in 2001/2 but surely had time to recover since. Thinking of withdrawing and putting on deposit. Anyone else experienced this?
 
You can check historical prices (back to 2/1/1995 for their "investment" funds and 25/4/2001 for their "mutual" funds). Basically some of their funds have not performed very well over the years. Not sure how they compare to other funds with a similar asset mix though. You should (if you didn't opt out) also have been getting regular performance updates/reports along the way. If you are thinking of putting the money on deposit then are you planning to spend it in the short/medium term or something? If not then bear in mind that even with the best deposit rates on offer DIRT and inflation will probably render any real returns marginal at best.
 
Might be useful to know that the summit funds are now being managed by irish life rather than oppenheim investment from feb 1st 2007
 
When the Summit Funds were first introduced back in the early 1990's the EBS under a previous CEO thought that they could go it alone without the big boys. Obviously a bad decision. Unfortunately the rest of us suffered because of that decision. Wasn't the only one!
 
Don't understand that comment. EBS Summit Funds were managed until recently by Montgomery Oppenheim who have now moved to Rabo. Since the 90s many MO managed funds outperformed their peers.
 
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