Which other fund/tracker should i add?

Ark_Welder

moneylover wrote: »

http://www.hl.co.uk/funds/fund-discounts,-prices--and--factsheets/search-results?companyid=&tab=prices&sectorid=&tab=prices&investment=trojan&x=9&y=12

which one of these is it - are people saying that there is an inbuilt increased cost to buy is there? All these have the same buy /sell price. Is the dilution levy something that has always been in place or just since the soft close?

Trojan fund is the top one (two if you distinguish between INC and ACC) - in the Balanced Managed sector. The others are more capital growth or income oriented.

The 5% upfront is discounted through HL but you go into the 'I' shares which has a higher TER. HL used to have the 'O' shares until the soft close.

I don't remember the dilution levy being applied before the soft close, but that may just mean that I wasn't paying proper attention...:)

dunstonh

HL market the commission paying version ("I"). The cheaper O version is the one to aim for. However, it tends to only be on unbundled platforms.

The 5% initial charge is on the I or the O version. However, they do not apply it on purchases made via platforms. The dilution levy did exist prior to soft close

moneylover

okay, allince and clear now, I hate not understanding properly!

Totton

Another one to watch from Troy is their Troy Income & Growth IT, this was previously the Glasgow Income Trust until Troy won the mandate in 2010. You can see the latest fact sheet here - http://www.tigt.co.uk/secure/documents/monthly/TIGT%20Aug2011.pdf

Whilst the funds aims differ it is a cheaper way into Troy than Personal Assets at over £330 share :-) If buying I'd wait for the premium to be flat as Troy do take action to even out the premium and discounts, today it is -0.2 rather than the +2.1 of a month ago. In various portfolios I hold either Troy Income I Inc, Personal Assets or Troy Income & Growth, all have not let me down which is down to Troy, hopefully they can maintain the high standard as their assets-under-management grow.

Regards,
Mickey

moneylover

Totton wrote: »

Another one to watch from Troy is their Troy Income & Growth IT, this was previously the Glasgow Income Trust until Troy won the mandate in 2010. You can see the latest fact sheet here - http://www.tigt.co.uk/secure/documents/monthly/TIGT%20Aug2011.pdf

Whilst the funds aims differ it is a cheaper way into Troy than Personal Assets at over £330 share :-) If buying I'd wait for the premium to be flat as Troy do take action to even out the premium and discounts, today it is -0.2 rather than the +2.1 of a month ago. Regards,
Mickey

When you say a flat premium do you mean no discount and no premium? If so, isnt - .2 as good as it gets? I thought the idea was to buy with as much of a discount as possible provided the discount is due to the sector rather than the IT itself? Thanks

Ark_Welder

Totton wrote: »

Another one to watch from Troy is their Troy Income & Growth IT, this was previously the Glasgow Income Trust until Troy won the mandate in 2010. You can see the latest fact sheet here - http://www.tigt.co.uk/secure/documents/monthly/TIGT%20Aug2011.pdf

Whilst the funds aims differ it is a cheaper way into Troy than Personal Assets at over £330 share

A share is not cheaper simply because its price is less than another share - whether it is ITs or individual companies.

Personal Assets and I&G have different mandates so the one is not a direct alternative to the other.

Meeper

I find myself intrigued to know that if your money is with HL, why you're not getting the advice from them about your investments? What exactly are they doing to earn their doubtlessly high trail commissions from your funds?

Ark_Welder

Meeper wrote: »

I find myself intrigued to know that if your money is with HL, why you're not getting the advice from them about your investments? What exactly are they doing to earn their doubtlessly high trail commissions from your funds?

Providing on telephone/postal/online execution-only trading platform, perhaps?

moneylover

Meeper wrote: »

I find myself intrigued to know that if your money is with HL, why you're not getting the advice from them about your investments? What exactly are they doing to earn their doubtlessly high trail commissions from your funds?

yes,HL for most people execution only and very good value for UTs and for ISAs
Personally, I would never expect 'advice' from this board just the benefit of information and opinions of MSE members who are more experienced than I am.
Generally if anyone oversteps the mark in what they ask or expect, someone will gently point out the accepted limits of the forum

dunstonh

I find myself intrigued to know that if your money is with HL, why you're not getting the advice from them about your investments? What exactly are they doing to earn their doubtlessly high trail commissions from your funds?

I think the problem is more a lack of alternatives for the DIY people. Yes, HL are expensive but there are not many that are cheaper that DIY. So, they can get away with it until they are forced to change (which the banning of bundled platforms will do).