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  • FIRST POST
    • sikas
    • By sikas 13th Mar 17, 2:43 PM
    • 24Posts
    • 3Thanks
    sikas
    ACC funds
    • #1
    • 13th Mar 17, 2:43 PM
    ACC funds 13th Mar 17 at 2:43 PM
    this maybe a silly question, but do accumulation-type funds and etfs incur dividend re-investment charges?


    my current and only ISA is with cavendish and they dont charge for dividend re-investment, but i plan to open an ISA with AJ Bell/youinvest (and transfer my cavendish) for the new season and its says they charge 1% - capped at £9.95

    Thanks
Page 1
    • masonic
    • By masonic 13th Mar 17, 2:50 PM
    • 9,126 Posts
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    masonic
    • #2
    • 13th Mar 17, 2:50 PM
    • #2
    • 13th Mar 17, 2:50 PM
    There is no reinvestment because the accumulation funds pay no dividends.
    • xylophone
    • By xylophone 13th Mar 17, 2:56 PM
    • 21,977 Posts
    • 12,678 Thanks
    xylophone
    • #3
    • 13th Mar 17, 2:56 PM
    • #3
    • 13th Mar 17, 2:56 PM
    With Acc units, the "re-investment" takes place internally within the fund - you don't get more units but the value of each existing unit increases with the internal reinvestment.
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