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GAZETTE
JULY 1989
ance of each fund may be subject
to short-term fluctuations so it is
best judged over a period of a few
years. But past performance may
not be a good guide to future pro-
spects. The sophisticated investor
will also want to look at the mix of
investments within each fund. This
can vary greatly from one fund to
another. The best performing pro-
perty funds in recent times have
been those which kept a large pro-
portion of their money in cash. Per-
formance in the future will depend,
of course, on how well they time
the investment of that money into
property.
Unit Trusts
In addition to the unit linked in-
surance funds there are a number
of unit trusts proper in Ireland.
These operate in much the same
way except that there is no ele-
ment of insurance involved. The
Bank of Ireland got into this area
very early on following the passing
of legislation in 1973. The other
difference is that in some cases the
capital gain - if any - is liable for
tax at half the standard rate. This
need not be a great worry since the
tax only applies to real gains i.e. on-
ly that portion of your gain which
has exceeded inflation. And even
then the first £2 , 000 of such gain
each year is tax free per individual.
•
Bradstock Blunt and Thompson Ltd.,
consu l t an ts
to t he Law So c i e t y 's Mu t u a l De f e n ce Fund Ltd.,
l aunched in Ma r ch 1 9 8 7 , have n ow es t ab l i shed a
c omp a n y,
Professional Indemnity Insurance
Brokers Ltd.
at 3 8 Upr. F i t zwi l l i am S t r ee t, Dub l in 2.
Me r l e Dow l i ng, A.C.I.I. has be en a ppo i n t ed as
Execu t i ve Director. Me r le has spent n i ne t een yea rs
dea l i ng w i t h all c l asses of Professional I ndemn i ty
I nsurance, but w i t h par t i cu l ar empha s is on i nsur ance
for M emb e rs of t he legal prof ess i on hav i ng been
Manag i ng Director of Irish Unde rwr i t i ng Agenc i es Ltd.,
w h o l aunched t he first s c h eme for M emb e rs in t he
early ' 7 0 s .
IAGS
IAGS
Irish Assessment and Guidance Service
Skerries Medical Centre, Strand Street, Skerries, Co. Dublin.
Telephone: (01) 491717, 490420, 490429 Fax: (046) 28852
Psychological, Educational and Career Consultants
FOR PROFESSIONAL APPRAISAL OF EDUCATION
AND CAREER PROSPECTS IN PERSONAL INJURY CASES
For further details about Amstrad contact:
Derek O'Byrne-White
Telephone: (01) 259903 or (088) 559975
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2 06