Folks -
Help????
I've two investment funds Evergreen & Triolgy II funds with Bank of Ireland and it is only now after dawning on me that money invested in innvestement funds may not be covered by the goverment guarantee scheme. Can someone clarify if investement funds are covered?
Just listening to Prime Time and one economist suggest setting up a Good Bank and so all AIB & BoI deposits could be transfered into it, yet he made no mention of investment funds???? So me thinks my money in investment fund is not covered by the goverment guarntee.
So do I need to cash in and take the hit on my investements and place any remaing money on deposit?
Regards,
mydosh
Help????
I've two investment funds Evergreen & Triolgy II funds with Bank of Ireland and it is only now after dawning on me that money invested in innvestement funds may not be covered by the goverment guarantee scheme. Can someone clarify if investement funds are covered?
Just listening to Prime Time and one economist suggest setting up a Good Bank and so all AIB & BoI deposits could be transfered into it, yet he made no mention of investment funds???? So me thinks my money in investment fund is not covered by the goverment guarntee.
So do I need to cash in and take the hit on my investements and place any remaing money on deposit?
Regards,
mydosh