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cheapest ftse 100 tracker
mark55man
Posts: 8,221 Forumite
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
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
I think I saw you in an ice cream parlour
Drinking milk shakes, cold and long
Smiling and waving and looking so fine
Drinking milk shakes, cold and long
Smiling and waving and looking so fine
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Comments
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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 Sinclair0 -
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!0 -
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!0
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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.0 -
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 Sinclair0 -
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.' - WB0 -
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!0 -
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 Sinclair0 -
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% paRemember the saying: if it looks too good to be true it almost certainly is.0
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