Invesco Perpetual Euro Growth Acc ISA

EdInvestor

Hi No 9,

You didn't mention the ISA aspect. You don't want to lose ISAs if possible, so I'll suggest you change the investment (ie the Invesco Perpetual fund) but try not to lose the ISA if at all possible.The Invesco Perpetual Equity Higher Income fund managed by Neil Woodford is one that I like.A 25 year track record of superior returns. The advice to move the ISA to HL or another discount broker is good

moneywasternomore!

In a similar vein, my wife & I hold an Invesco Perpetual European Growth (Acc) ISA and a Newton Continental European (Inc), the latter through Mellon Fund Managers. Two questions: Would we be significantly better placed moving both to one broker (HargreavesLansdown, for example) and if we did, is this straight-forward with no financial penalty? We never hear from the IFA we took both of these out with (in Sep 99), though he now has a newer Porsche.

Secondly, we need to release about £1000 to pay for work on the house, for which neither company make a charge. Any suggestions as to which one would be the best to withdraw from, based on recent performance, background of fund manager etc? Have been tracking recent performance, and they are about even. Also, would this effect any re-investment in this FY?

Also, any suggestions as to a better fund? - that's 3 questions. Ta.

Many thanks.

dunstonh

Would we be significantly better placed moving both to one broker (HargreavesLansdown, for example)

No. Not really

is this straight-forward with no financial penalty?

Its straight forward. If re-registration is used, then there is no fee. If transfer is chosen and done on nil commission taken, there can still be a small initial charge taken if the commission doesnt cover the usual initial charge. You would only use transfer if you pick new funds. Re-reg and then switch would be the same as transfer so you would save nothing that way.

We never hear from the IFA we took both of these out with (in Sep 99), though he now has a newer Porsche.

ISAs are generally low cost/low earning products. Its fine if the amounts are quite large but with smaller amounts, there is no real earnings in them to cover servicing. The fact you only have 2 funds suggests that the amount you hold is not that great. Does it matter if he has a new car or not? How someone spends their earnings has nothing to do with you really.

Secondly, we need to release about £1000 to pay for work on the house, for which neither company make a charge. Any suggestions as to which one would be the best to withdraw from, based on recent performance, background of fund manager etc?

Either of them or a bit from both.

Also, would this effect any re-investment in this FY?

No.

Also, any suggestions as to a better fund? - that's 3 questions. Ta.

2 funds in the same sector/area is not very diversified. You could consider looking at a range of sectors other than the one you are in. Of course, this depends on your contributions and balance.