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Ibtc - Business - Nairaland

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Ibtc by hardys(m): 11:06am On Jan 13, 2007
Any one with info about IBTCs mutual fund and how one can benefit from that investment?
Re: Ibtc by wise(m): 1:16pm On Jan 31, 2007
IBTC MUTUAL FUND IS LIKE GIVING YOUR MONEY TO FUND MANAGER AND THEY WILL INVEST THE MONEY IN SPECIFIC SECTOR. THE MUTUAL FUND CAN BE DIVIDED INTO TWO PLACES WHICH ARE EQUITY FUND AND ETHICAL FUND.

THE TWO INVESTMENT ARE VERY LUCRATIVE BUT WHEN YOU INVEST IN ETHICAL FUND, YOU WILL HAVE MORE UNIT AND IF YOU INVEST IN EQUITY FUND, YOU WILL HAVE LESS UNIT DUE TO THE PRICE DIFFERENCE.


EQUITY FUND IS AROUND 9K PER UNIT AND ETHICAL IS VARYING BETWEEN #1.40 AND #1.41. THE PRICE IS NOT STABLE BECAUSE IT CHANGES EVERY DAY. YOU CAN CHECK THE PRICE HISTORY OF THE TWO FUNDS TO DETERMINE WHICH OF THE TWO IS MORE PROFITABLE.

WWW.IBTCCHARTEREDBANK.COM

I INVESTED IN ETHICAL FUND BECAUSE OF MY OWN VIEW OF THE TWO FUND.

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