Lindsell Train Global Equity

Sally57

When you buy the B Class with Fidelity they offer you the option to automatically reinvest at no further charge, so basically the charges between HL & Fidelity are about the same and if, as Rollinghome said you choose Cavendish via Fidelity it is slightly cheaper but we are talking about very small amounts!

I do like Fidelity because they tend not to add further charges for fund purchases, drawdown etc but its a pity you have to have £250K before they reduce the charges to 0.20%. With Cavendish it is £200K when they charge 0.20% but they do not offer drawdown from a SIPP!

Trinityx

HL are being little disingenuous here and are presenting themselves in the best possible light

When I compare the UK fund between HL and Charles Stanley Direct, the latter offers the fund at an additional 0.10%. So there is a difference, however Charles Stanley are generally cheaper, so I think I will swap to them. I already use Charles Stanley for my Vanguard Lifestrategy funds, I wanted to give HL a try because of the Lifetime ISA (let's not get into the pros and cons of a LISA ) I think outside of the LISA I should stick to CS.

Are you asking HL to automatically reinvest?

No, that's why I am confused about why me reinvesting dividends from an income fund is more expensive. However Bowelhead99 has explained that quite well.

Chordeiles

ColdIron wrote: »

HL are being little disingenuous here and are presenting themselves in the best possible light

HL are brilliant at presenting themselves in the best possible light, but not sure if "disingenuous" is fair in this context. They really have negotiated with this fund manager for their customers to be able to access a lower-cost class of this fund which is normally only available to investors that put more than £2,000,000 into this fund.

My guess is that it's a piece of mutual backscratching as HL promote this fund in their "Wealth 150 plus" list. This is just one of the ways in which HL are not nearly as expensive as the straight charging structure makes them appear. Though make no mistake, they are still expensive compared to all the others, I'd be off to Fidelity if they let me buy simple shares, or somewhere else if their drawdown options were as flexible as HL's.

I have a piece of this Lindsell Train fund (and also the UK Equity version). Had them a few years now, very happy I bought them and actively considering ditching some other funds to add to my holdings in these.

dunstonh

Chordeiles wrote: »

HL are brilliant at presenting themselves in the best possible light, but not sure if "disingenuous" is fair in this context. They really have negotiated with this fund manager for their customers to be able to access a lower-cost class of this fund which is normally only available to investors that put more than £2,000,000 into this fund.

My guess is that it's a piece of mutual backscratching as HL promote this fund in their "Wealth 150 plus" list. This is just one of the ways in which HL are not nearly as expensive as the straight charging structure makes them appear. Though make no mistake, they are still expensive compared to all the others, I'd be off to Fidelity if they let me buy simple shares, or somewhere else if their drawdown options were as flexible as HL's.

I have a piece of this Lindsell Train fund (and also the UK Equity version). Had them a few years now, very happy I bought them and actively considering ditching some other funds to add to my holdings in these.

However, most platforms have a range of superclean.