Happy Girl
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Basically are EFTs the same thing as Quinn Freeway the only difference being that Quinn are the "middle man" and look after the admin end with regard to their product?
As I understand it, Quinns Celtic Freeway is a managed fund in which the managers have some flexibility, and you are to some extent dependent on their skill and judgement. They place funds in shares of 20 "of the largest" companies on the Irish Stock Exchg.
The ISEQ is much more confining and formula-based. The funds are placed in the shares of the 20 largest companies in direct proportion to their market cap, and the proportion is readjusted regularly to reflect changes. No skill and judgement is permitted.
Could somebody confirm if the above is reasonably accurate??
No - it's an index tracker and is not actively managed.As I understand it, Quinns Celtic Freeway is a managed fund in which the managers have some flexibility
The main "risk" (that it does not replicate the performance of the index being tracked) is that whatever rebalancing process/mechanism they use doesn't track the underlying indices as accurately as possible. I don't really have any insight into this process/mechanism.and you are to some extent dependent on their skill and judgement.
Happy Girl said:Again begs the question what is the main difference between Quinn Celtic Freeway and EFTs except for the fact Quinn look after admin end of things.
I think is fair to say that they are very similar, but the mgt charge is lower with the ISE ETF, and presumably you do not pay tax on the first 1,270 or so of any gain as this is (roughly) your annual capital gains tax exemption as this is a share gain.