Emerging Markets funds and investment trusts.

takesyourchances

ColdIron wrote: »

There is no evidence at HL that they are charging 10%, mf78 references Youinvest. I'd contact HL and ask them before abandoning it

Thanks ColdIron, I will ask HL before I would top up the First State EM Fund to be sure, I was planning on putting £500 in when the new tax year starts as my ISA is nearly used at the moment.

It would suit me better to not have to abandon it and look for another fund.

Thanks for that.

chineplate

Glen_Clark wrote: »

Be aware the FTSE 100 gets 33% of its profits from Emerging Markets, so you don't need an expensive fund to get EM exposure.

This interests me, I have several interests in emerging markets and FTSE Funds. Can you qualify your 33% figure.

Glen_Clark

chineplate wrote: »

This interests me, I have several interests in emerging markets and FTSE Funds. Can you qualify your 33% figure.

I took it from here; 'FTSE 100 companies now generate 33pc of their profits from emerging markets.'
link: http://www.telegraph.co.uk/finance/personalfinance/investing/10623843/How-emerging-markets-fall-will-hit-FTSE-100.html

ColdIron

takesyourchances wrote: »

Thanks ColdIron, I will ask HL before I would top up the First State EM Fund to be sure, I was planning on putting £500 in when the new tax year starts as my ISA is nearly used at the moment.

You'll have to phone them anyway as unless you have them on your monthly savings list you won't be able to choose it to add the fund because it's missing. If you phone them they will add it for you

takesyourchances

ColdIron wrote: »

You'll have to phone them anyway as unless you have them on your monthly savings list you won't be able to choose it to add the fund because it's missing. If you phone them they will add it for you

Thanks for that, I will give them a call, I noticed that I could not add monthly money to the First State EM for drip feeds, but I could pay one off lump sums (min £250) I will give them a call and ask about it and see if they can add it back to monthly for drip feeds.

That would be good as I would like to carry on with it while possible.

Thanks for your help on that.

mf78

Let us know what they say, and if there is a 10% charge there.

takesyourchances

I will indeed, I sent HL a secure message regarding this there now and if needed I will call them early this week to find out more.

I would like to top up my first state emerging markets fund so looking forward to hearing about this.

Thanks

takesyourchances

I got the reply back today from HL regarding paying into the First State Emerging Markets Fund, it seems I can pay monthly but it needs to be set up over the telephone etc and not online. Also there is no 10% charge on new money as that was one of my questions, this is the reply.

Thank you for your email.

I can confirm that you are able to invest into the First State Global Emerging Market Leaders (Acc) fund on a monthly basis. As this fund has soft closed you cannot set up the regular savings online, therefore you will need to set up your regular savings instruction either over the telephone by calling 0117 980 9950 or by completing and returning the attached Stocks & Shares ISA application through the post. Please also read the attached Terms & Conditions and Key Features of the Vantage Service.

The initial charge on this fund is 4% and we are still able to offer a full discount on this charge, therefore there is no initial charge to pay.

I hope this has been of assistance to you, if you have any further queries please contact us on 0117 900 9000.

Kind regards

mf78

Hmm must be a Youinvest thing then.

takesyourchances

It must be, 10% is an awful lot to take a hit on paying in new money with Youinvest for the First State EM fund. I would be happy to see mine rise 10% again as it is sitting at -10% at the moment without losing -10% straight away.

I have limited play with my ISA until the new tax year starts in April, I will call them towards then and arrange to drip feed back into the First State EM then as I have not paid in for a while from the monthly drip feeds online stopped appearing.