Dawnwoods wrote:I was contacted by EIB on Monday. Who has dealt with them? They said they charge 2%. They kinda invest for you or rather become the broker..that kind of money management...and since am in a another country.. is this the way to go?
That 2% is upfront( AUM fee). The other fee they charge, like any othe MMF, performance fee, should be in the neighbourhood of 20-25%.
Is this the way to go??........it depends with their proven track record in the industry. Since they are the 'newest kids on the block', i cant vouch for them. again, being a bank, their core business is deposit taking thus they'll give lousy & lacklustre results when it comes to investments performance and sometimes cover up their underperformance with revenues from their core business.
Surf for a firm purely investment-oriented and you will realise your investment goals.