L & G Multi-Index
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DropD
Posts: 10 Forumite
I'm looking at the L & G Multi-Index Funds and wondering what the different unit classes mean and what fund a private investor would select? For example on AJ Bell can see that for multi-index 5 there are two options - 5 C Acc and 5 I Acc.
Can anyone explain the difference between these?
Thanks
Can anyone explain the difference between these?
Thanks
0
Comments
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The C and I are examples of different Classes. These reflect different fund charging rates. For example if you buy direct from the fund manager there may be higher charges than if you buy from a platform to pay for the extra customer support etc. Some platforms may offer particular classes if they have been able to negotiate a bulk purchase deal with the fund manager. You should choose the one with the lowest charges shown on your platform's list of funds. Others may be shown on the platform's list for historical reasons - some investors may not have moved onto the cheapest class.
There is no standard on the naming of classses. One fund's I and C may correspond to another fund's A and B.0 -
Thanks Linton for quick reply and explanation, much appreciated.0
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I'm looking at the L & G Multi-Index Funds and wondering what the different unit classes mean and what fund a private investor would select? For example on AJ Bell can see that for multi-index 5 there are two options - 5 C Acc and 5 I Acc.
Thanks0
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