Internaxx launches the next generation of Offshore Fund Supermarket

Friday, 24 April 2009 11:21

Market research - No entry fees and open architecture

This is brought to you by the Luxembourg based online broker Internaxx.

It’s the first time for no fees on offshore funds. International and expatriate investors can now benefit from a unique offer in the offshore investment fund markets: 0% entry fees and an open architecture fund supermarket.

Luxembourg based online, offshore bank Internaxx, which specialises in offshore access to international markets and is a subsidiary of Aaa TDBank, has designed the offer in response to new interest in funds from investors looking for new homes for money previously held in equities, hedge funds, cash or savings accounts.

Investors with significant funds in search of dividends can make substantial savings. Internaxx estimates that an investor making an average of five investment fund trades per year with an average of E10,000 will save more than E1000 per year. Internaxx is also guaranteeing no redemption fees (for commissions held more than 1 year) or trading commissions.

‘No entry-fee’ promotions have traditionally been offered by local brokers on traditional, limited investment fund ranges. Offshore, high fees and limited fund ranges are the norm, with traditional private banks charging up to 5% entry fees for access to a limited range of in-house offshore funds. This is the first time no fees have been applied to international offshore funds, on a permanent basis.

Internaxx Managing Director Robert Glaesener, says: “All Internaxx clients get maximum exposure at minimum cost. Our active investors are perfectly at home in volatile markets, but for our conservative investors who take a long term approach, we have expanded our range of online banking with discounted access to top global investment funds, among which fixed income and money market segments are proving increasingly popular. This is the next generation of fund supermarkets. This new service is the right product for today’s market”.

Investors can choose from more than 400 Funds from 18 leading fund groups such as HSBC, Henderson, ING, Morgan Stanley and Fidelity, catering for all investment tastes from money markets to real estate.

About Internaxx Fund Supermarket

The best asset managers

The world’s biggest names in asset management are available at Internaxx. Clients may choose funds from over 18 asset managers including Fidelity, Blackrock, Fortis Investment, ING Investment Management, Franklin Templeton, Invesco, Crédit Suisse, Schroders, Henderson Global Investors and Dexia Asset Management. Funds from boutique asset managers such as Pictet Funds or Carmignac Gestion are also available.