Clear Invest is a lump sum investment product. Your money is invested in one or a combination of our investment funds. Clear Invest could be ideal if you have money to invest and are hoping to achieve higher returns than a deposit account while at the same time hoping to out perform inflation.
Clear Invest gives you access to nine great funds, managed by a selection of fund managers, including Irish Life’s range of Multi Asset Portfolio Funds. As the name suggests, the Multi Asset Portfolio Funds invest in a wide range of assets. We recommend that you diversify your investment by not putting all your ‘eggs in one basket’ and these funds allow you to do just that.
As well as the MAPS funds, there are four other funds for you to choose from – the Consensus Fund, the Consensus Cautious Fund, the Consensus Equity Fund and the Property Portfolio fund. Each of the funds available on Clear Invest has a different level of risk and possible returns.
Dynamic Share to Cash (DSC) model
The DSC model is used on all five Multi Asset Portfolio Funds. This innovative model uses a multi-factor approach to identifying long-term stock market trends and movements. The advantage of having the DSC is that it aims to reduce the amount invested in Developed Market Shares and increase the amount in cash when it identifies greater potential for stock market falls. As importantly, when the DSC identifies greater potential for stock market recovery, it will move back out of cash and into Developed Market Shares. This innovative solution is a market first in Ireland and ILIM have spent two years developing and testing this model. It is important to note that the DSC looks at long-term movements and trends in the market and is not designed to react to one-off or short-term jumps or shocks. Also, currently DSC applies to Developed Market Shares, though ILIM will continually review this and, in the future, a similar process may apply to other assets.
With our online services you can keep track of your clear invest online, or even switch your funds, free of charge at a time that suits you.
With Clear Invest, your lump sum minus the 1% government levy is invested from day one. If you choose to invest in any of the funds available and continue to invest for more than five years, the only charges will be an annual fund charge. An incentive fee may apply to certain funds. Early encashment charges apply to each of the Clear Invest fund options. Please see the product booklet for full details.
Clear Invest might suit you if you:
- Want to invest for at least 5 years.
- Have at least €10,000 to invest.
- Do not need to protect your money and are prepared to risk getting back less than you put in.
- Are prepared for the value of your investment to change over time.
- Are aged between 18 and 75.