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Beware Evergreen S9 Fund

Factual Ned · 2023-02-22 18:44:15

I invested €6,000 in this fund in Dec 2005. After 17 years its worth (Dec 2022) €7,627. Yet Bank of Ireland claim 67.3% growth over 10 years, My return is €1,627 whereas charges over the same period amounted to €1,742 for Bank of Ireland How can a Manager justify this performance? I am just small fry but I am sure that…

22-02-2023 7:44pm

#1

Factual Ned

Registered Users Posts: 1 ✭

Join Date: February 2023

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I invested €6,000 in this fund in Dec 2005. After 17 years its worth (Dec 2022) €7,627. Yet Bank of Ireland claim 67.3% growth over 10 years, My return is €1,627 whereas charges over the same period amounted to €1,742 for Bank of Ireland
How can a Manager justify this performance? I am just small fry but I am sure that there are many more victims out there that are totally unaware of the situation.
My money would have performed better on deposit over this time. Bank of Ireland justifies this by stating that funds may go up or down. This is an absolute disgrace and just to let others beware when investing

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#2 27-02-2023 10:24pm

The J Stands for Jay

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Posts: 5723

Your investment probably did grow by 67.3% in the last 10 years, the problem was just the 7 years before that when you had the global financial crisis, credit crunch and euro crisis.

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