Europe's first comprehensive offshore fund supermarket launched today according to claims...
Europe's first comprehensive offshore fund supermarket launched today according to claims made by Internaxx. The multi-market offshore direct share dealing and investment group says its fund supermarket offers investors, who domicile their assets offshore, access to more than 200 offshore funds and more than 40 of its own house funds by telephone or internet.
Angus Rigby, Managing Director of Internaxx, commented: "We consider our offshore fund supermarket a milestone in the evolution of the offshore investment market. Our offshore fund supermarket is as sophisticated as any onshore broking service and investors who wish to invest offshore will benefit from the same high level of service, choice and competitive pricing."
Internaxx's fund supermarket offers initial discounted sales charges of 2.5% on equity and balanced funds, 1.5% on bond funds and 0.15% on monetary funds. There is no trading commission on purchase and redemption and no additional call centre charge. The service also grants access to independent fund research from Standard and Poor's fund services. Unit trusts and Oiecs are offered from nine fund providers including Fidelity Investments, Schroders and Credit Suisse Asset Management. Internaxx also offers more than 40 of its house funds managed by TD Asset Management and Fortis Investment Management.
All funds purchased through Internaxx's fund supermarket can be consolidated into one account alongside shares and cash holdings.
Internaxx is an execution-only service, based in Luxembourg for customers wishing to domicile their assets offshore. Investors can access the service through the website at www.internaxx.lu or by calling 00800 2003 2003 (freephone) or standard rate (00-352) 2603 2003.
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