Investment Services
What's the cost of the investment?
When you compare for yourself the costs of investing through a mutual fund with the number of hours you would need to spend researching and analyzing individual securities, you will realize that investing your money in mutual funds is most favorable for you. Moreover, some investors have worked out that investing in a mutual fund costs less than what you would have to spend on fees charged for the purchase and sale of individual securities.
All asset management companies charge individual investors for portfolio management. These fees cover all of the fund's management-related costs and are calculated in the price of a fund share on a daily basis. (The prices of shares are net prices; i.e. they are free of any further fees and/or expenditures.) Therefore, you do not pay these fees directly.
A subscription or redemption fee is also applicable; level of these fees generally depends on the investment amount. You can get more information on fee schedules from your Investment Certified Relationship Managers or CitiGold Executives in the branches.
Investment Products: Not government insured. Not a bank deposit. No bank guarantee. May lose value, including the possible loss of principal invested.
Mutual Fund shares are not bank deposits and do not constitute the obligations of ZAO Citibank, Citigroup Inc. or their affiliates. Past performance of any fund is not a guarantee of its future performance and the price of the mutual fund shares may go down as well as up, and all operations with the mutual fund shares, in particular, their purchase and redemption, are carried out in accordance with the current laws. Mutual fund shares are held at customers' sole risk and that ZAO Citibank, Citigroup Inc. and their affiliates shall not be liable for any damage or loss occurred as a result of such investments. ZAO Citibank may disclose any information relating to customers operations with the mutual fund shares to Citigroup, Inc., any of its affiliates and to any third parties involved by ZAO Citibank in order to procure or facilitate the performance of its obligations to customers under the agreements that may be executed between customers (to the extent it is required for the performance of these third parties' functions) and government authorities in cases stipulated by law. Mutual fund shares may not be held or transferred to investors who are "United Stated persons". Customers must inform ZAO Citibank immediately if their statuses change to "United States person" at any time.
|
