Multi Manager Funds - Hargreaves Lansdown

fimonkey · 9 January 2009 at 7:05PM

Ah I've come across these which seem to suit me fine http://www.h-l.co.uk/funds/multi-manager-funds (in that I want to invest for a minimum of 5 years, think now is the time to start drip feeding into stocks and shares but don't want to hold individual shares, am confused by all the options, and like the idea of 'funds' which spread the investment).

I would also like to hold my investment in an S&S ISA.

Are they as good as they sound, or is it another "too good to be true"?

All advice and comments appreciated. Thanks.

cheerfulcat · 9 January 2009 at 7:09PM

I don't like them - too expensive. Why not look at a global generalist investment trust instead? You'll get a broad spread of investments in one share.

Lokolo · 9 January 2009 at 7:13PM

The thing is with funds of funds, your money is then used to buy into 20 other funds, which all cost money, so you are losing out in that respect.

However you are diversifying your risk.

purch · 9 January 2009 at 8:28PM

Are they as good as they sound, or is it another "too good to be true"?

Overall they don't perform particularly well, and they cost far more than they should.

When the overall cost is over 2% pa they should be the best performing funds in their sectors, but they are far from that. In fact the HL Funds are rarely even the best performing Fund of Funds.

There are better options if you want a diversified portfolio.

dunstonh · 9 January 2009 at 9:17PM

MM funds are a waste of space. Just another excuse to add a layer of charges. The performance of them has been generally so poor that even the FSA have cast their eyes over them. Fund of Funds have some merit but only if you are truly lazy and the amounts are small.

sabretoothtigger · 9 January 2009 at 9:26PM

Sounds alot like a global fund, in theory diversified but in practise mostly still dependant on american markets. Still l&g global index tracker has only fallen 15% this year

The_Fiddler_2 · 9 January 2009 at 9:34PM

You could of course choose your own selection of funds

Dooooooooooooooonut · 9 January 2009 at 10:38PM

Oh and don't forget to ask why if they're so rubbish what the logic is in paying neil woodford or some other bender exorbitant fees it being mostly the same thing

meester · 9 January 2009 at 11:00PM

Hargreaves Lansdown's investment recommendations include the #1 worst performing fund, and numerous other total turkeys.

Lokolo · 10 January 2009 at 12:24AM

They downgraded my New Star fund because New Star went into admin or whatever, its been doing better than the one in same catagory which is in their Wealth 150!

Also its weird, these buy orders. They say theres minimum investments. I wanted to add an extra £100 into this month because I budgetted well (woop) I phoned them up and thats possible, just do it with my regular saver and doesn't change it or anything. Just seems a bit weird because whenever you try to buy a 1 off minimum is £1,000 or whatever.

I need to get £2,000 invested so I can change funds (aim is to have £1,000 per fund). Currently only got £800 (well in 4 days anyway, £200 on buy orders at the moment). However I may swap at £500 each fund instead of the £1,000. I can only afford £100 a month and I want to diversify meh.

The_Fiddler_2 · 10 January 2009 at 12:50AM

If you're adding to a fund you can add £250 Lokolo

and I think for some you can actually just add £100

Multi Manager Funds - Hargreaves Lansdown

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