Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Citi Offers Rebate for Fund Transfers Not Rated 1.5 Email Routing List Email & Route  Print Print
Monday, January 6, 2003

Citi Offers Rebate for Fund Transfers

by: Sean Hanna, Editor in Chief

Citicorp is going after Spanish shareholders for its funds by offering cash rebates, reports the financial daily Expansion. The bank is making the offer to investors who move transfer money between mutual funds.

The program pays a 300 Euro rebate to shareholders who transfer between 20,000 Euros and 50,000 Euros to a Citi fund. The rebate jumps to 600 Euros for shareholders moving more than 50,000 Euros to a Citi fund.

The bank is hoping to capitalize on a change in Spanish income tax law that allows fund shareholders to put off capital gains if the reinvest proceeds from one mutual fund into another fund. The new law took effect January 1.

The publication predicts that other fund firms in Spain will offer similar programs.  

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

1.5
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use