HL MM funds of funds

marrioa

I've taken on board everything I've learned from you all, as well as doing my own research, and have (just about) decided to invest £50/month in Hargreaves Lansdown's three multi-managed funds.

They appear to offer a wide enough diversification of assets and sectors to minimise any acceptable risk.

Their fees are not prohibitive.

They provide sufficient information about their holdings and research.

They have responded promptly to my requests for clarification.

They allow me to invest what I feel comfortable with, which is very important to me.

What do you think? OK, or do the words not touch and bargepole spring to mind?

EdInvestor

I would thoroughly investigate the charges, as you are usually paying a double set with multi-manager funds.

marrioa

I've just sent them an email about that very thing ed, as well as other points I wanted clarification on. They'll positively hate me by the time I'm satisfied enough to invest, and will probable warn all the other brokers out there to watch out for the mad woman!!! Well to them.

Thanks ed

greenwich

The performance of the HL funds is pretty good, or was the last time I looked. But the charges are higher. If you look at the profile of one of these funds (http://www.hargreaveslansdown.co.uk/siteredesign/fund_facts/ff_figures.asp?fund_id=3400&sector_id=109) you can see the "other expenses" figure. Compare that to other funds you are considering.

EDIT: one more thing: unlike some companies, I've found you can actually get through to a person by phone at HL fairly quickly and they seem to know what they're talking about.

marrioa

Yes, the TER for the HL MM funds are 1.92: 1.92:and 2.08.

Two other managed funds that have been suggested have TERs of 1.34 and 1.55 through HL.

How important are the Sedol codes? I ask because two different brokers quote two different codes for the same fund. They seem to have mixed up the INC and ACC fund codes. Will I need these if I want to apply?

marrioa

Thanks to everyone who has replied to my OP, and I still have a question!

I hope to achieve growth from any investments, but the tables showing effects of charges deducted appear to say that growth funds suffer more than income funds, even though you would receive income from the latter. Have I got this right?

If I want growth, do I indicate ACC on the application forms?