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  • FIRST POST
    • AJ40k
    • By AJ40k 16th Jun 17, 12:14 PM
    • 1Posts
    • 0Thanks
    AJ40k
    Withdrawing from a fund
    • #1
    • 16th Jun 17, 12:14 PM
    Withdrawing from a fund 16th Jun 17 at 12:14 PM
    Hello,

    I am about to open my first S&S ISA with CSD and have done some research into funds and trackers etc.

    I plan to split £250 per month investment into two funds.

    However, I am a little confused about 'unit value'.

    For example I am looking at the BlackRock 100 UK Equity Tracker. Within the KIID it mentions:

    'You can buy and sell your units daily. The minimum initial investment for this unit class is £100,000.'

    CSD allows me to invest a minimum of £50 per month into this tracker - do I have to get up to £100,000 invested before i'd be able to sell a unit?

    Apologies if this is a stupid question! I've done some searching around the internet and can't seem to find the answer!
Page 1
    • le loup
    • By le loup 16th Jun 17, 1:04 PM
    • 3,515 Posts
    • 3,304 Thanks
    le loup
    • #2
    • 16th Jun 17, 1:04 PM
    • #2
    • 16th Jun 17, 1:04 PM
    Yes you can withdraw smaller amounts. You are looking at the Black Rock website which has different rules if you invest directly with them. CSD will have different T&Cs.
    • dunstonh
    • By dunstonh 16th Jun 17, 4:08 PM
    • 88,131 Posts
    • 53,357 Thanks
    dunstonh
    • #3
    • 16th Jun 17, 4:08 PM
    • #3
    • 16th Jun 17, 4:08 PM
    or example I am looking at the BlackRock 100 UK Equity Tracker. Within the KIID it mentions:
    One assumes you are using that purely as an example and not something you are actually considering. If you are considering it then dont. Single sector investing is bad investing and picking the FTSE100 to track is an awful way to invest.

    CSD allows me to invest a minimum of £50 per month into this tracker - do I have to get up to £100,000 invested before i'd be able to sell a unit?
    Direct investing with the fund house will have different limits to investing via a platform. The KIID assumes direct with fund house.
    I am an Independent Financial Adviser (IFA). Comments are for discussion purposes only. They are not financial advice. Different people have different needs and what is right for one person may not be for another. If you feel an area discussed may be relevant to you, then please seek advice from a Financial Adviser local to you.
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