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cheapest ftse 100 tracker

mark55man
mark55man Posts: 8,164 Forumite
Part of the Furniture 1,000 Posts Name Dropper
in Savings & investments
Hi


What is the cheapest FTSE tracker through HL.


This is the final part of rebalancing a portfolio and I have other asset classes sorted but for this I just want cheapest FTSE 100 tracker


Thanks in advance
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Comments

  • Glen_Clark
    Glen_Clark Posts: 4,397 Forumite
    edited 10 January 2014 at 9:21AM
    The one I use is VUKE - an ETF with 0.1% total expense ratio* and no platform charges
    link:
    http://funds.ft.com/uk/Tearsheet/Summary?s=VUKE:LSE:GBP

    Is there a cheaper one?

    Edit: The FT link I posted says net expense ratio, but Vanguards fund literature and ETF factsheet categorically states that 0.1% the Total Expense Ratio
    (I also hold VUSA which is gives exposure to 500 companies and has 0.09% TER)
    “It is difficult to get a man to understand something, when his salary depends on his not understanding it.” --Upton Sinclair
  • westy22
    westy22 Posts: 1,105 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    You will pay a £2 per month platform fee with almost all of them - though that may change next Wednesday when they announce their new prices.

    In terms of pure TER the SWIP Foundation is by far the cheapest but it is a FTSE All Share as opposed to a FTSE 100 - that will still be 85-90% FTSE 100 anyway.
    Old dog but always delighted to learn new tricks!
  • westy22
    westy22 Posts: 1,105 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Glen is correct - an ETF may well be cheaper and VUKE is a good one. I still wouldn't do anything until we see what charges HL introduce next week as the £2 platform fee may disappear and there may be higher charges for holding ETFs.
    Old dog but always delighted to learn new tricks!
  • Glen_Clark
    Glen_Clark Posts: 4,397 Forumite
    westy22 wrote: »
    there may be higher charges for holding ETFs.
    None of the platforms I have seen currently make any charges for holding ETFs
    “It is difficult to get a man to understand something, when his salary depends on his not understanding it.” --Upton Sinclair
  • Marazan
    Marazan Posts: 142 Forumite
    Glen_Clark wrote: »
    None of the platforms I have seen currently make any charges for holding ETFs

    Charles Stanley Direct charge 0.25% on holding shares and ETFs if you don't regularly buy shares. So it's pretty poor for buy and hold of ETFs.
  • Glen_Clark
    Glen_Clark Posts: 4,397 Forumite
    Marazan wrote: »
    Charles Stanley Direct charge 0.25% on holding shares and ETFs if you don't regularly buy shares. So it's pretty poor for buy and hold of ETFs.

    Ah. I hold mine through www.X-O.co.uk who currently charge nothing to hold shares and ETFs Just £5.95 per trade which I guess could only be expensive if you top up small amounts.
    “It is difficult to get a man to understand something, when his salary depends on his not understanding it.” --Upton Sinclair
  • JohnRo
    JohnRo Posts: 2,887 Forumite
    Tenth Anniversary 1,000 Posts Combo Breaker
    Marazan wrote: »
    Charles Stanley Direct charge 0.25% on holding shares and ETFs if you don't regularly buy shares. So it's pretty poor for buy and hold of ETFs.

    With CS you pay 0.25% up to the account hard cap of £150 for stocks and shares or if you trade 6 times every 6 months, which costs £120pa with regular £10 dealing charges, there are no further charges at all.

    Nothing to be gained from trading for the sake of it on balances below £48K though.

    No such cap applies to funds though which seems odd and one (minor) reason I sold out of funds into trusts on their platform.

    Perhaps they're going to announce further pricing changes later, as I suspect several will do over the coming months as they jockey for market share.
    'We don't need to be smarter than the rest; we need to be more disciplined than the rest.' - WB
  • westy22
    westy22 Posts: 1,105 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    edited 10 January 2014 at 11:31AM
    Glen_Clark wrote: »
    None of the platforms I have seen currently make any charges for holding ETFs

    Well, the OP is using HL and they currently charge 0.5% for ETFs (capped at £45pa in an ISA and £200pa in a SIPP)
    Old dog but always delighted to learn new tricks!
  • Glen_Clark
    Glen_Clark Posts: 4,397 Forumite
    westy22 wrote: »
    Well, the OP is using HL and they currently charge 0.5% for ETFs (capped at £45pa in an ISA and £200pa in a SIPP)

    not according to their website which says: There are no management fees for holding shares, ETFs, investment trusts or bonds.
    links: http://www.hl.co.uk/investment-services/fund-and-share-account
    http://www.hl.co.uk/investment-services/fund-and-share-account/charges-and-interest-rates

    Unless I am missing something here?
    “It is difficult to get a man to understand something, when his salary depends on his not understanding it.” --Upton Sinclair
  • jimjames
    jimjames Posts: 18,385 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Glen_Clark wrote: »
    not according to their website which says: There are no management fees for holding shares, ETFs, investment trusts or bonds.
    links: http://www.hl.co.uk/investment-services/fund-and-share-account
    http://www.hl.co.uk/investment-services/fund-and-share-account/charges-and-interest-rates

    Unless I am missing something here?


    No fees unless held in an ISA. Outside an ISA is free, inside costs 0.5% pa
    Remember the saying: if it looks too good to be true it almost certainly is.
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