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Renta 4 compra BNP

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Renta 4 compra BNP
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Renta 4 compra BNP
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#736

Re: Renta 4 compra BNP

Hola, en el tema de los préstamos de valores hay mucha disparidad pero en el caso de Vanguard es casi irrelevante porcentualmente hablando, esto se comento en algun numero de la revista Fundpeople, Vanguard es la gestora que menos préstamo de valores realiza ;)
#737

Re: Renta 4 compra BNP

Hola Pvila314, 

No puedo elaborar más lo que comento pero lo que si puedo asegurar es que dentro de la comisión de gestión por normativa solo puede haber ese concepto. El resto de gastos se contabilizarían en otras cuentas del fondo de inversión y serian lo que incrementarían los gastos corrientes, para saberlo tendríamos que buscar las cuentas anuales de los fondos de Vanguard en Irlanda y revisarlas.

Saludos ;)
#738

Re: Renta 4 compra BNP

FEES AND EXPENSES
Manager and Service Provider Fees 
The Manager will be entitled to receive such fees and expenses from the Company relating to each Fund as specified in Appendix 1 for a particular Fund.  The Manager will pay the fees of the Investment Manager, the Administrator, the Distributors and the Depositary out of its fees and the Manager may rebate all or part of its fees to any party that invests in or provides services to the Company or in respect of any Fund.  The Investment Manager will pay the fees of any Sub-Investment Manager appointed by it and any costs associated with the provision of Research out of its fees. 
Organisational Fees
The Company’s organisational expenses (including expenses relating to the preparation of the contracts to which it is a party, the cost of printing the Prospectus, the obtaining of a listing of Shares on the Global Exchange Market and the fees and expenses of its professional advisers) will initially be borne by the Manager.  However, the Company may reimburse the Manager these organisational expenses over such period as may be determined by the Directors in consultation with the Manager.  Any such expenses borne by the Company have been amortised over the first five annual accounting periods of the Company. 
Appendix 1 discloses the Funds where amortised costs remain at the date of this Prospectus in relation to its establishment. 
Operational Fees
The Company will also pay certain other costs, charges, fees and expenses incurred in its operation, including without limitation: (i) fees and expenses incurred in relation to banking and brokerage in respect of the purchase and sale of Fund securities, (ii) taxes, (iii) insurance, (iv) the costs and expenses of preparing, printing, publishing and distributing prospectuses, annual and semi-annual reports, and other documents to current and prospective Shareholders, (v) the costs and expenses of obtaining authorisations or registrations of the Company or of any Shares with the regulatory authorities in various jurisdictions, including the fees and expenses of any paying agent or local representative (such fees and expenses being at normal commercial rates), (vi) the costs of listing and maintaining a listing of Shares on any stock exchange, (vii) the costs of convening and holding Directors’ and Shareholders’ meetings,  (viii) professional fees and expenses for legal, auditing and other consulting services, and (ix) such other costs and expenses (including non-recurring and extraordinary costs and expenses) as may arise from time to time and that have been approved by the Directors as necessary or appropriate for the continued operation of the Company or of any Fund.
 
Ongoing Charges Cap
The Manager may voluntarily agree to cap the total annual fees and expenses for a particular Fund, (or for any particular class of Shares in a Fund), and either generally or in respect of a particular investment, at such amount as shall be specified.  This fixed rate will cover all costs and expenses connected with the management and operating activities of the relevant Fund, including: (i) investment management and advisory fees, (ii) administration, (iii) registration, (iv) transfer agency, (v) custody and trustee fees, and (vi) other operating expenses, but excluding fees and expenses incurred in relation to banking activities of the Company (including the costs of any overdraft) and such non-recurring and extraordinary or exceptional costs and expenses (if any) as may arise from time to time such as without limitation: (a) material litigation and (b) withholding taxes deducted from interest and dividend payments to the relevant Fund, and (c) stamp duties or other documentary transfer taxes, or similar duties and brokerage fees (excluding costs for research) arising on the purchase or sale of securities by the relevant Fund. The Manager will absorb (directly or by way of a refund to the relevant Fund) any difference that may arise between the actual cost of the operations of the relevant Fund and this fixed fee.  This gives investors the benefit of a fully transparent and predictable cost structure.
Directors’ Fees
While the Articles empower the Company to pay total Directors’ fees in any one year up to US $21,000 (or such other amount as the Directors may from time to time determine and disclose to Shareholders) the Manager has agreed to discharge all Directors’ fees and expenses including out-of-pocket expenses. Only the independent directors are paid fees.  None of the Directors has entered into a service contract with the Company nor is any such contract proposed, and none of the Directors is an executive of the Company. 
Deduction and Allocation of Expenses  
The expenses of each Fund of the Company are deducted from the total income of such Fund before dividends are paid.  Expenses of the Company that are not directly attributable to the operation of a particular Fund are allocated among all Funds in a manner determined by the Directors.  Expenses of the Company that are not directly attributable to a specific class of Shares and that are directly attributable to a specific Fund are allocated among all classes of such Fund in a manner determined by the Directors.  In such cases, the expenses will normally be allocated among all classes of such Fund pro rata to the value of the net assets of the Fund that are attributable to those classes.  Expenses of the Company that are directly attributable to a specific class of Shares shall be allocated to that class.  
 
Costs of Investing 
 
Costs are an important consideration in choosing a Fund as it is the Shareholders who pay the costs of operating a Fund, plus any transaction costs incurred when a Fund buys or sells securities. These costs can erode a substantial portion of the gross income or the capital appreciation that a Fund can achieve. Even seemingly small differences in expenses can, over time, have a dramatic effect on a Fund’s performance.
#739

Re: Renta 4 compra BNP

Buenos días, comentarle, por si le sigue interesando, que he realizado esta mañana la consulta a OpenBank, vía mail, acerca de la disponibilidad de este fondo y me han contestado que, en la actualidad, este fondo sigue abierto, así que...., dependerá del día...., no sé qué pensar... , es de traca.
#740

Re: Renta 4 compra BNP

Gracias, intentaré contratarlo por la web  y si no me deja les llamaré.
#741

Re: Renta 4 compra BNP

Una cuestión sobre GPM...me gustaría darle la vuelta a la tortilla.

Si muchos de nosotros operamos con FI Vanguard, lo más recomendable sería traspasar la cartera a GPM (incluso si R4 mantiene las condiciones). Ésto sería cierto, si sólo mirásemos los costes.

Algunos compañeros, comentan que el trato con ellos ha sido muy correcto. 

Yo estoy considerando seriamente ésta opción. ¿No la incluiríais por delante de otros los R4, Openbank, etc? ¿Alguna razón por la que no - excepto por 'desconocimiento sobre dicho broker'?

Saludos
#743

Re: Renta 4 compra BNP

Pues, intenté contratarlo por la web y me daba el error de siempre, llamé por tf. y me dijeron que seguía cerrado.
Sí que tienen descontrol.
#744

Re: Renta 4 compra BNP

Patético. 
#745

Re: Renta 4 compra BNP

Yo lo de GPM mas que nada porque no se que sentido tiene tener a clientes solo con fondos Vanguard sin ganar absolutamente nada. No creo que a ese perfil de clientes precisamente puedan encasquetarle otra cosa que no sea eso.
Pero bueno quien sabe, quizás dure al menos algún tiempo. 
Y por lo que comentabais del sistema tan arcaico.
#746

Re: Renta 4 compra BNP

No sé cuál sería el coste generado a GPM por clientes Vanguard la verdad.

Quizá de cada 10 clientes, 2 acaban suscribiendo otros fondos. En mi caso, además de Vanguard, tengo otro que me traería sin problemas.

El sistema de suscripción, traspaso y reembolso sí es arcaico. Para mi estrategia, me incomoda bastante más los mínimos de aportación que tienen otras comercializadoras.

#747

Re: Renta 4 compra BNP

Uff, menudo caos tengo montado. Con lo bien que vivía con BNP...
Parece que todos tenemos asumido que R4 nos va a dar el hachazo y buscamos alternativas.
Coincido con otros foreros que lo que BNP no consiguió, difícilmente lo va a hacer GPM, dado que tiene menos volumen y músculo financiero.

En lo que respecta a Mapfre, la verdad es que no parece clara la información.

Lanzó una pregunta: ¿Que cobra R4 por los fondos Vanguard? Igual no merece la pena volverse loco por unas pequeñas comisiones y ganar en seguridad.

No sé, sigo hecho un lío...
#748

Re: Renta 4 compra BNP

Hola hapasil,

A mi también me ha supuesto un buen caos y he toqueteado la cartera cuando no debía con consecuencias algo negativas...llevaba todo el año sin tocar nada hasta que salió la noticia.

Comisión de Custodia R4:
Fondos de Renta Variable: 0,19%+IVA = 0,23%
Fondos Renta Fija: 0,15%+IVA = 0,18%

Depende del volumen patrimonial de tu cartera la mordida será menor o mayor, hay fondos no clean donde no aplican estas comisiones. Entiendo que alguien con solo fondos Vanguard no reporta ningun beneficio a la entidad y algo tienen que cobrar, pero que la comisión de distribución sea casi el doble que la comisión de gestión del propio fondo es ilógico. Tampoco es lógico que apliquen la misma comisión de custodia para los fondos de Amundi que para los de Vanguard dado que en Amundi son fondos no clean y si que les retroceden algo de comisiones.

Tenemos un buen desaguisado si...ya tengo ganas de tenerlo todo estable otra vez porque la incertidumbre es fatal. Saludos ;)
#749

Re: Renta 4 compra BNP

Vaya burrada de comisiones...
#750

Re: Renta 4 compra BNP

Buenos días, incluso más, caso del Fundsmith comentado por aquí: 0,25%+IVA = 0,30%.