Share Dealing Discussion Area

Lungboy

Is there any way to get an idea of the risk level of something that's too new to have a risk rating?

Thrugelmir

Lungboy wrote: »

Is there any way to get an idea of the risk level of something that's too new to have a risk rating?

Read the Key Information Document for the fund.

Linton

Lungboy wrote: »

Another quick question: Is there a quick way to find out which platform a particular fund is available on? For example, HSBC Global Strategy Adventurous doesn't appear on Cavendish, HL or Best Invest lists. Similarly, Blackrock Aquila Emerging Markets isn't on any of them either.

Blackrock Aquila funds are pension funds not OEIC/UTs so you wont find them on the general platfoms. HSBC GS Adventurous was only launched in August 2017 so it is very early days. If you want it I suggest you ask your platform provider, I believe they may well take on missing mainstream funds on request.

There is no quick way to find out which OEIC/UT fund is available on which platform.

Lungboy

Linton wrote: »

Blackrock Aquila funds are pension funds not OEIC/UTs so you wont find them on the general platfoms. HSBC GS Adventurous was only launched in August 2017 so it is very early days. If you want it I suggest you ask your platform provider, I believe they may well take on missing mainstream funds on request.

There is no quick way to find out which OEIC/UT fund is available on which platform.

Thanks for that. I'm not after HSBC adventurous myself, it was just an example of one I'd seen mentioned on here but couldn't find anywhere. I missed the rather important detail of Aquila being a pension fund It's a shame there's nowhere that you can look up where each fund is available.

I'm likely heading down the "single global tracker (Vanguard global all cap) plus bonds" route for my SIPP. For the bonds portion, should they also be diversified global bonds, or would UK based bonds be reasonable, and should they be short term or aimed for my intended retirement horizon (15 years+)? Finally, is there any meaningful difference between gilts and bonds for this portion of my portfolio?

Lungboy

If the KIID for a fund and the website for the platform selling it show a different OCF for the same fund, who am I to believe? For example, Liontrust Monthly Income Bond Fund Class P Gross Accumulation shows as 0.34% OCF on its KIID, but on AJ Bell (the only platform I can find selling it) its OCF is 0.46%.

Malthusian

OCFs fluctuate because they include dealing costs, and therefore depend partly on how much buying and selling the manager has done in the last year. If you're looking at one in isolation, use the most recent. If you're comparing OCFs between two funds to decide which to buy, just make sure you use the same source for both.

Linton

Lungboy wrote: »

If the KIID for a fund and the website for the platform selling it show a different OCF for the same fund, who am I to believe? For example, Liontrust Monthly Income Bond Fund Class P Gross Accumulation shows as 0.34% OCF on its KIID, but on AJ Bell (the only platform I can find selling it) its OCF is 0.46%.

OCFs vary over time depending on the actual costs incurred and because they are a % of the net asset value which itself can change. It looks like the latest KIID only came out in Feb 2018 so its quite possible that the AJ Bell data hasnt been updated.

Trustnet gives the OCF as 0.34%.

Lungboy

Thanks both. Another quick newbie question:

Does the word Institutional in the fund's name indicate anything about the fund? For example, HSBC FTSE All-World Index Fund Institutional Accumulation? It seems to be unavailable on all consumer platforms so i was wondering if the institutional meant it was for professionals only?

Malthusian

Lungboy wrote: »

Does the word Institutional in the fund's name indicate anything about the fund? For example, HSBC FTSE All-World Index Fund Institutional Accumulation? It seems to be unavailable on all consumer platforms so i was wondering if the institutional meant it was for professionals only?

HSBC FTSE All-World Index Fund Institutional is the exact same fund as HSBC FTSE All-World Index Fund Retail. (Or any other suffix. I believe HSBC actually calls its institutional shareclass C and its retail shareclass A.)

"Institutional" refers not to a fund but a shareclass. Traditionally, each fund had retail shareclasses which were designed for retail investors, and institutional shareclasses. Retail shareclasses included the cost of a) administration and b) marketing and distributing the fund. The former would either be pocketed by HSBC if you held your fund directly with them, or paid to your platform if you used one. The latter would be paid on to IFAs and salesmen via commission. Institutional investors didn't need to be marketed to and paid for their own admin.

Nowadays both advised and DIY clients invest via platforms which invest in institutional shareclasses, with the cost of admin charged directly by the platform (i.e. AJ Bell's 0.2% or whatever they charge) and the cost of distribution charged directly by the IFA (if you have one, otherwise you don't pay it).

So most retail investors nowadays invest in institutional funds. The institution here is AJ Bell.

Lungboy

Thanks for the explanation but I'm still confused. The institutional version has a 0.03 OCF, whereas the class c and class s versions have 0.18 and 0.16 OCF respectively. Aj Bell have the c class for sale and I can't find the institutional anywhere for sale.

E: Charles Stanley, HL, iii, Best Invest etc all have the c class available.

Here's the morningstar page showing all the versions http://www.morningstar.co.uk/uk/funds/snapshot/snapshot.aspx?id=F00000TXY7&tab=4