Funds...why bother

dunstonh

if they are bad they should have spotted it and moved to better performing investments. I did pay charges after all.

They are not allowed to change the funds. That is for you, your IFA or discretionary fund manager to do. Not the provider.

If you invest all your money in one fund and that sector is a disaster then the provider cant do anything about it as there is the fund objective and rules. A UK equity fund for example has to invest in UK equity. Even if UK equity is likely to be awful.

campins

No a loss is a loss and none wants it. They didn't even suggest a move to another sector on prefferential terms, Just here you are it's not done as well as it should have !! Phew :eek:

dunstonh

No a loss is a loss and none wants it.

No-one wants a loss but they cannot change the rules.

They didn't even suggest a move to another sector on prefferential terms

They are not authorised to do so. That is not their job.

campins

Hey, shut the firm down in that case, we will do our own investment and they can clear off down to the river Thames and see how they do as fishermen :T.......Pitiful crap!

shokadelika

dunstonh wrote: »

They are not allowed to change the funds. That is for you, your IFA or discretionary fund manager to do. Not the provider.

If you invest all your money in one fund and that sector is a disaster then the provider cant do anything about it as there is the fund objective and rules. A UK equity fund for example has to invest in UK equity. Even if UK equity is likely to be awful.

Really? They fund manglers (are supposed!) to have the ability to switch a percentage of their portfolio to cash :rotfl:

willt

Wouldn't that have to be specified in the fund rules ? Some may allow, some not ?

jon3001

shokadelika wrote: »

Really? They fund manglers (are supposed!) to have the ability to switch a percentage of their portfolio to cash :rotfl:

Are there rules limiting how much cash they can hold if they want to qualify as ISA eligible?

campins

Sounds like time for these finance houses to be sent back to the investment fund drawing board...no not to "draw" some more money out!......to redesign their products so investors are not handed this mess. :mad:

Aegis

I like the fact that my funds have specified objectives and that they are required to invest in areas defined in advance. That makes the decision to withdraw to cash mine and mine alone to make, otherwise they keep on trading in what they're supposed to trade in. What would be the point in investing in a China fund or a Commodity fund if the fund manager was sitting on 100% cash in both cases?

dunstonh

Really? They fund manglers (are supposed!) to have the ability to switch a percentage of their portfolio to cash :rotfl:

Depends on the published objectives. Most will have a limit on how much cash they can hold. Often its quite low. Although recently, a number of fund managers have been changing the objectives to allow a wider scope of instruments to be used.

Some funds cannot hold cash at all apart from that required and obtained through daily dealing.