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index linked fund - who should I use?

  • 06-10-2009 5:55pm
    #1
    thebiggestjim
    Registered Users, Registered Users 2 Posts: 345 ✭✭


    Hi,

    A relative is looking to invest in an index linked fund (total stock market or S&P500) but am unsure of who to recommend i.e. charges the lowest fees. My relative has an account at Davys but from their website I can't see anything about index linked funds only their own managed funds with high fees of course. I got my relative to call them up and enquire about an index linked fund with Davys and needless to say they confused the hell out of her and also said don't dont give advice for less than EUR1000.

    Anyway my question

    Can anyone recommend a company that my relative could use to invest in some index linked funds in Ireland.

    Thanks,


Comments

  • #2
    thebiggestjim
    Registered Users, Registered Users 2 Posts: 345 ✭✭thebiggestjim


    Anyone?


  • #3
    silverharp
    Registered Users, Registered Users 2 Posts: 18,854 ✭✭✭✭silverharp


    I'd say Rabbo should be cheap and easy to use

    A belief in gender identity involves a level of faith as there is nothing tangible to prove its existence which, as something divorced from the physical body, is similar to the idea of a soul. - Colette Colfer



  • #4
    WarrenMuppet
    Closed Accounts Posts: 12 ✭WarrenMuppet


    Hi the biggestjim,

    Quinnlife are reputed to have the cheapest costs when buying funds,

    Their US freeway tracks the S&P 500

    There's no entry/exit fees and the annual charge is 1.2% for this fund.

    I know this because I invest a monthly amount in a number of their freeway funds. (no other connection)

    However I prefer the variety of funds offered by Rabo (commodities e.t.c), but I use Quinn because they sort out the tax when cashing out whereas Rabo do not. This may not be a problem for some but nightmare for me,

    Regards, Warren


  • #5
    [Deleted User]
    Posts: 281 ✭✭ [Deleted User]


    This may be helpful

    Lump Sum Investment Funds (Unit Linked, Execution Only) from AskAboutMoney


  • #6
    Raskolnikov
    Registered Users, Registered Users 2 Posts: 10,148 ✭✭✭✭Raskolnikov


    Those fees are absolute ****in' robbery. 2.5% is tantamount to theft in my opinion!

    The best way to invest in an ETF is to simply buy it through a stock offering.

    http://finance.yahoo.com/q?s=SPY

    0.1% annual charge which is deducted from your investment. You can dip in and buy anytime you want (however you will have brokerage charges each time you buy).

    To buy, you need to get in touch with a broker. TD Waterhouse are new to the Irish market and about the cheapest.


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  • #7
    thebiggestjim
    Registered Users, Registered Users 2 Posts: 345 ✭✭thebiggestjim


    Thank you all for the replies. My understanding fees should be very low on these accounts because they are not actively managed. I have a fund with Vanguard in America but I don't think they are licensed in Ireland.

    Jim


  • #8
    daveirl
    Closed Accounts Posts: 14,483 ✭✭✭✭daveirl


    This post has been deleted.


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