Bocade was questioning you saying it had to be over €1270 (he cleary states that he contributes ad-hoc payments of €1000), he didn't imply they wouldn't accept the payment of €1270.Well, they've never refused an ad hoc investment of 1270 of mine. As I said:these guys are in the business of getting you to invest with them
Wrong, once the regular saving or lump sum had been set up with either €51 minimum or €1,270 respectively then any amount can be added subsequently. I add a lump sum of €1,000 every qtr so have first hand experience
5. What is the minimum/maximum I can invest?
The minimum investment amount on a lump sum investment policy is €1,270, and on a regular savings policy it is €51. There is no maximum investment amount. There is no restriction on additional contributions after inception.
QL's lack of information on their funds is a pet complaint of mine. To be fair they do state when the index they show a graph for is not the one they are tracking, but then they are misleading to show it.
My personal opinions
-QL should at a minimum show their funds actual performance, so investors can look at effect of tracking error and fees. If it's created recently then it should still show information since it's conception. I think most of their funds have been their since 2003 or so when I started investing their.
-It is appropriate to include an index in the litreature of a tracking product only if you aim to actually track that index, or you are comparing the performance of one index to another. Or making a particularly relevant point about it.
-QL could choose more appropriate graphs and more detailed fund descriptions to avoid misleading people.....
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Cumulative Performance
01 Jan 1996 – 31 Dec 2005:
313.37%
Average Annualised Performance
01 Jan 1996 – 31 Dec 2005:
15.2%
SOURCE: Irish Stock Exchange. Please note the index performance is for illustration purposes
only and that the Celtic Freeway fund does not aim to track the index. Past performance is
not an indicator of future performance. Depending on economic conditions, unit prices may
fall as well as rise.
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The above major international companies represented 85.95% of the fund at the end of December 2005.
so lets say you start this fund and just for aguement sake(don't want to start the lump sum regular contribution argument here) you invested 2000 for the first year and lets say an overall growth of 10%, therefore you have 2200 going inton year 2.
Do they take the 1% admin fee from the 200 profit or the 2200 toatal fund?
Usually these sort of charges are deducted from the entire holding. Can't speak for Quinn.Good question, I was wondering the same. Does anybody know?
Also, as regards the new funds available (China,Japan, Emerging markets etc), is 1.5% admin charge good seeing as they are developing markets?
Thanks for any advice.
Also, as regards the new funds available (China,Japan, Emerging markets etc), is 1.5% admin charge good seeing as they are developing markets?
From what I can see, the Quinn Life China fund is basically just invested in a China iShares ETF. If you already have a stock portfolio, you can just purchase these ETF shares, and save yourself the 1.5% Quinn charges.