Managed Funds NAV Wholesale Fund Minimum application and additional contribution

Discussion in 'Shares & Funds' started by artgul, 8th Jan, 2008.

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  1. artgul

    artgul Well-Known Member

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    I just realised that NAV Wholesale fund had increased the minimum application to $2.5M and the additional contributions to $250k. It looks that Navra fund just want institutions in the wholesale now... what would happen with us mortals when we want to buy additional units but, can't afford Q-er of a mil increases?

    Thanks,
    artgul
     
    artgul, 8th Jan, 2008
    #1
  2. Nigel Ward

    Nigel Ward Well-Known Member

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    My experience is that NavraInvest will permit lower additional investments from existing unitholders in the wholesale fund.

    Just give them a call and say you're an existing wholesale unitholder and want to make an additional investment.

    They ain't gunna say no :D

    Cheers
    N.
     
    Nigel Ward, 8th Jan, 2008
    #2
  3. spider

    spider Well-Known Member

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    Wholesale


    They did to me. I tried to place $100K in the fund and the cheque was returned...
     
    spider, 8th Jan, 2008
    #3
  4. Nigel Ward

    Nigel Ward Well-Known Member

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    I'm really surprised! :eek:

    I think I'll give them a call wearing my concerned shareholder hat! ;)
     
    Nigel Ward, 9th Jan, 2008
    #4
  5. artgul

    artgul Well-Known Member

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    I gave them a call and they will accept it if your adviser is ok with it.

    Rgds,
    artgul
     
    artgul, 17th Jan, 2008
    #5
  6. Simon Hampel

    Simon Hampel Founder Staff Member

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    I'm wondering if they gave an explanation ? Perhaps there was something else wrong ?

    I'd be really concerned if they weren't taking people's money.
     
    Simon Hampel, 17th Jan, 2008
    #6