ETFs: "self select ISA" OR "funds supermarket ISA"

adiatu

I plan to invest this year's ISA allowance in Multiple Funds (few equity and few bond funds), preferrably ETF's.
Once invested, I also plan to
- sell the fund units (if there is considerable appreciation)
- re-invest money IMMEDIATELY in other funds/ETF's
- or, HOLD ON to the money for some time and re-invest later.

I am not sure if I can do this via funds supermarket or do I HAVE to have a self select ISA to do this?
Also, are there any points or disadvantages of "self-select ISA" over "funds supermarket ISA" that I need to consider?

Thanks in advance

Gatser

I am about to invest in some ETF's (first time)

I am using SELFTRADE self select ISA.

I may also buy some within my SIPP (with SIPPDEAL)

Any hints and tips (on ETF's) yourself?

adiatu

I am looking at emerging markets and Oil as a commodity (If there one). Will shortlist a few more sectors.

I am researching iii, selftrade and alliance trust.
Any reason why you chose selftrade?

Lokolo

Not sure why SelfTrade, they charge an extortionate Admin fee!

adiatu

Lokolo, have you had better experience with anyone else

Just trying to find which ETF's I can buy from iii and the list comes up with only 4 ETF's
Any ideas?

turbobob

I would have thought any broker who deals with shares should be able to deal with any ETF traded on the London Stock Exchange. It might not be listed, but they should be able to buy or sell them for you. An up to date list of ETF's can be found here - http://www.londonstockexchange.com/traders-and-brokers/security-types/etfs/etfs.htm (downloadable) or here http://www.londonstockexchange.com/exchange/prices-and-news/ETFs/ETFs.html . Because they are basically treated like a share, you normally have to pay share dealing costs to buy or sell them.

Does anyone know if there are any ETF's available on fund supermarket platforms?

adiatu

Thanks for the links, turbobob.

I am looking for an online broker keep who offers an ISA wrapper to keep my costs down and also get tax benefits.

Just read on fool.co.uk that if I want to invest in ETF's ISA I will need to opt for self select ISA
fool.co.uk/isas/information/exchange-traded-funds.aspx

premierfella

adiatu wrote: »

Just trying to find which ETF's I can buy from iii and the list comes up with only 4 ETF's
Any ideas?

Those four are in the iii Funds ISA list (Marlborough) and, if I understand them correctly, are actually funds with an investment strategy of investing in ETFs rather than actually being ETFs (ETFs being more similar to investment trusts than funds in some respects).

As turbobob indicated, most if not all the LSE listed ETFs would be available in a self select ISA (including the iii self select ISA) with purchase and sale costs being the standard share dealing costs (I occasionally buy ishares ETFs within my iii account as long term holds via the cheap Portfolio Builder service).

Lokolo

http://www.h-l.co.uk/shares/exchange-traded-funds-etfs/how-to-buy-etfs

HL do them. In an ISA they will charge 0.5% a year.

iii do them. No idea how much they charge.

adiatu

Thanks premierfella.
I now understand what you and turbobob meant.

I searched morningstar (after this new understanding!!) and found the list of ETF's on LSE and can see their TER's price etc. Thanks!

How has your experience with iii been? are they value for money?

I read on the forum that some ETF's are not available for Trading AT ALL. Have you experience any ETF's of this sort? or know how to identify them?

Thanks in advance

Gatser

adiatu wrote: »

I am looking at emerging markets and Oil as a commodity (If there one). Will shortlist a few more sectors.

I am researching iii, selftrade and alliance trust.
Any reason why you chose selftrade?

Thanks... and for all other feedback.
Very useful.

SELFTRADE....only because I have them at present for direct shares. However I probably need to review the charges and see if it would be better to move to another ISA provider to get my ETF's

I shall keep an eye open on this thread for hints and tips on the best ISA provider to use.....:T