best managed fund?

ed89

Hi

I am looking for a new managed fund. I have held an HBOS isa investor account for just over 3 years.

I saw this one on III.co.uk

http://www.iii.co.uk/factsheets/?type=detail&mex=WLGR

it's high risk, so I wouldn't be putting much in to start. Perhaps £500 then supplementing with £30 a month thereafter. I'm still going to be able to eat if I lose that.

this looks like it has a good track record, but I know you shouldn't really go on history though.

can anyone share their thoughts on the above fund? or recommendations?

I also want to know, if i add to the above fund, can i keep my hbos investor account, and my cash isa?

thanks

mr_fishbulb

How much (as a %) of your total investments would be in this fund? Gold mining is a very specialist sector.

Initial charge of 1% and TER of 1.93% - pretty expensive for a fund (although in line with BlackRock Gold & General through iii).

ed89

about 25%

the rest I'll leave in my hbos investor account (if that is possible!)

mr_fishbulb

ed89 wrote: »

about 25%

the rest I'll leave in my hbos investor account (if that is possible!)

And which funds/shares are the 75% remaining in the HBOS account invested in?

dunstonh

I am looking for a new managed fund. I have held an HBOS isa investor account for just over 3 years.

You certainly wont find the best at HBOS.

it's high risk

about as high as you can get in the unit trust universe.

can i keep my hbos investor account

If you are asking questions like that, do you think that a high risk specialist fund is right for you? (on the basis that you havent worked out how poor HBOS are)

Reaper

dunstonh wrote: »

about as high as you can get in the unit trust universe.

Didn't you know? Gold is a no lose gamble. Expect a stampede of gold bugs here after your head as soon as they cotton on.

mr_fishbulb

Reaper wrote: »

Didn't you know? Gold is a no lose gamble. Expect a stampede of gold bugs here after your head as soon as they cotton on.

They don't seem to have posted in the last couple of weeks. No idea why.

Jonbvn

mr_fishbulb wrote: »

They don't seem to have posted in the last couple of weeks. No idea why.

Although some of the gold miners have been good;)

Jake'sGran

If you have a look at Trustnet (this is run by Financial Express mentioned in the link you gave) you can check the ratings that have been given to this fund - if any, and it's position in the quantity of funds in the same field. Also, Hargreaves Lansdown discount most initial charges therefore you can compare this with iii There will be other funds in less risky areas performing well.

Round_The_Bend

ed89 wrote: »

I saw this one on III.co.uk

http://www.iii.co.uk/factsheets/?type=detail&mex=WLGR

it's high risk, so I wouldn't be putting much in to start. Perhaps £500 then supplementing with £30 a month thereafter. I'm still going to be able to eat if I lose that.

It's a terrific fund imo, which I hold in both my SIPP and ISA. It has an excellent management team but can be volatile, like any commodity fund, although over the long-term it has a very good track record, outperforming even the BlackRock Gold & Resources fund over five years.

Whether you invest or not is dependant upon your long-term view of commodities. If you do choose this route, then as far as unit trusts are concerned, this is a very good one.

jimjames

ed89 wrote: »

about 25%

the rest I'll leave in my hbos investor account (if that is possible!)

If £500 is 25% of your portfolio then it might be worth building up some other core holdings first to give a good base.