Share Dealing Discussion Area

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

george4064

Lungboy wrote: »

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

Institutional share classes are typically only available to institutional investors such as pension funds, however as you are a private/retail investor you wont have access to the institutional share class.

On a side note, you may have access to institutional share classes if you have a workplace pension via an investment platform.

Source: I work in institutional investment management.

Lungboy

george4064 wrote: »

Institutional share classes are typically only available to institutional investors such as pension funds, however as you are a private/retail investor you wont have access to the institutional share class.

On a side note, you may have access to institutional share classes if you have a workplace pension via an investment platform.

Source: I work in institutional investment management.

Sadly no access to institutional share classes through work. Would have been nice.

I'm building a spreadsheet to calculate various things, and was wondering how fees work. For example, Cavendish take the OCF out of the daily price of the fund, and then their platform fees are charged a month in arrears. How do i model that on my spreadsheet? Is it easier to simply subtract the full % of fees from the end of year total of contribution + returns, which I guess would be a slight overestimate?

shaynes

Hi all, another newbie question(!)

I took my shares from my work sharesave scheme and now i want to sell some of them.

I want a company that doesnt ripe me off for not using the account or an exit fee, I only want to use the account twice, sell some shares now and the rest next year.
I have settled on either SVS-XO or Fidelity, though I have heard that SVS do cold call.
My question is - do i have to sent them my share certificate?
How long does it take to get my money?

Thanks

Lungboy

Are the differences between OEICs and UTs something a newbie investor should be worrying about? I'm trying to pick a bond holding to pair with Vanguard Global All Cap and I'm edging towards AXA Framlington Managed income but it's a UT where everything else I'm considering is an OEIC. Should I care?

sabretoothtigger

The performance will largely rely on what its investing in. UT and OEIC are details to note, no reason to be especially apprehensive about UT that I've heard.

If you are investing large amounts take some advice professionally is a good idea
I would say look into it for your personal situation like taxes, etc.
Like an ETF and ETN sometimes the seemingly differences can matter in extremes.

My question is - do i have to sent them my share certificate?
How long does it take to get my money?

You can send a cert after a sale with an immediate agreed price. Theres a process of clearing to include that. Then you receive the cash after its all settled, its not especially fast bit like cheques

Monday May 28

INTERNATIONAL ECONOMIC ANNOUNCEMENTS 
Import Price Index (GER) (07:00)
National Holiday (UK/US)

AGMS 
Metminco Ltd.

Tuesday May 29

INTERNATIONAL ECONOMIC ANNOUNCEMENTS 
M3 Money Supply (EU) (09:00)

UK ECONOMIC ANNOUNCEMENTS
Nationwide House Price Index (07:00)

FINALS 
Kainos Group, Renold

GMS
Playtech

AGMS 
Afarak Group (DI), Albion Development VCT, Belvoir Lettings, Diversified Gas & Oil, Eddie Stobart Logistics , GYG, Harworth Group, Oxford Biomedica, Rotala, Standard Life Aberdeen

FINAL DIVIDEND PAYMENT DATE 
Coats Group, Lloyds Banking Group, Paddy Power Betfair Q1 Bank of Cyprus Holdings Public Limited Company

Wednesday May 30

INTERNATIONAL ECONOMIC ANNOUNCEMENTS 
Business Climate Indicator (EU) (10:00) 
Consumer Confidence (EU) (10:00) 
Economic Sentiment Indicator (EU) (10:00) 
GDP (Preliminary) (US) (13:30) 
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MBA Mortgage Applications (US) (12:00) 
Retail Sales (GER) (07:00) 
Services Confidence (EU) (10:00) 
Unemployment Rate (GER) (09:00)

FINALS 
De La Rue, LondonMetric Property, Telford Homes, Trans-Siberian Gold

INTERIMS 
Nexus Infrastructure , Oxford Metrics

AGMS 
Barr (A.G.), BlackRock Latin American Inv Trust, Bodycote, Circassia Pharmaceuticals, Crusader Resources Limited (DI), EU Supply, Frenkel Topping Group, Fresnillo, Judges Scientific, K3 Business Technology Group, PJSC PhosAgro GDR (Regs), Royal Bank of Scotland Group, Safestyle

UK FINAL DIVIDEND PAYMENT DATE 
Dunedin Income Growth Inv Trust, Henry Boot, London Stock Exchange Group, Portmeirion Group, Standard Life Aberdeen, StatPro Group, Stilo International

FINAL EX-DIVIDEND DATE 
Kakuzi Ltd.

INTERIM DIVIDEND PAYMENT DATE
Focusrite

QUARTERLY PAYMENT DATE
Merchants Trust

QUARTERLY EX-DIVIDEND DATE
Canadian General Investments Ltd.

Thursday May 31

INTERNATIONAL ECONOMIC ANNOUNCEMENTS 
Chicago PMI (US) (14:45) 
Consumer Price Index (EU) (10:00) 
Continuing Claims (US) (13:30) 
Crude Oil Inventories (US) (15:30) 
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UK ECONOMIC ANNOUNCEMENTS
Consumer Credit (09:30)
GFK Consumer Confidence (00:01)
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FINALS 
7Digital Group , Air Partner, Caffyns, FirstGroup, Fishing Republic , Johnson Matthey, TR Property Inv Trust

TRADING ANNOUNCEMENTS
Card Factory

SPECIAL EX-DIVIDEND DATE 
Taylor Wimpey AGMS Brady, Card Factory, Destiny Pharma , e-Therapeutics, Faron Pharmaceuticals Oy (DI), Immedia Group, Kcell Joint Stock Co GDR (Reg S), LB-Shell, Northbridge Industrial Services, PJSC Acron GDR (REG S), Public Joint Stock Company Polyus (REG S) , Raven Russia Ltd, Sirius Minerals, Total Produce

INTERIM DIVIDEND PAYMENT DATE
BlackRock Greater Europe Inv Trust, Greencoat Renewables, PRS Reit (The) , Wetherspoon (J.D.)

INTERIM EX-DIVIDEND DATE
Blackrock Frontiers Investment Trust, Britvic, Cardiff Property, DFS Furniture, easyHotel, Elegant Hotels Group , GBGI Limited, Henderson European Focus Trust, Jersey Electricity 'A' Shares, On The Beach Group , Patisserie Holdings , Renew Holdings, SSP Group , UDG Healthcare Public Limited Company

QUARTERLY PAYMENT DATE
Anglo Pacific Group, City of London Inv Trust, Custodian Reit , Ediston Property Investment Company, Picton Property Income Ltd, TwentyFour Select Monthly Income Fund Limited

QUARTERLY EX-DIVIDEND DATE Albion Technology & General VCT, BlackRock World Mining Trust, SQN Asset Finance Income Fund Limited

FINAL DIVIDEND PAYMENT DATE 
Belvoir Lettings, Cenkos Securities, Contour Global , Croda International, Diversified Gas & Oil, Elecosoft, Empresaria Group, Hastings Group Holdings , Lookers, NAHL Group, Senior, Smart Metering Systems, STV Group

FINAL EX-DIVIDEND DATE 
Aberdeen New Thai Inv Trust, Andrews Sykes Group, Arrow Global Group, Burford Capital , Computacenter, Ferrexpo, Frenkel Topping Group, Gamma Communications, Good Energy Group, Great Portland Estates, Headlam Group, Hilton Food Group, Hydrogen Group, Ingenta, Keller Group, Keywords Studios, Marks & Spencer Group, Mckay Securities, Medica Group , Michelmersh Brick Holdings, National Grid, Pacific Assets Trust, Spire Healthcare Group, Staffline Group, STM Group, Tarsus Group, The City Pub Group , Xaar

Friday June 01

INTERNATIONAL ECONOMIC ANNOUNCEMENTS 
Auto Sales (US) (20:30) 
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PMI Manufacturing (GER) (08:55) 
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PMI Manufacturing (US) (14:45) 
Unemployment Rate (US) (13:30)

UK ECONOMIC ANNOUNCEMENTS 
PMI Manufacturing (09:30)

FINALS 
System1 Group

FINAL DIVIDEND PAYMENT DATE 
Admiral Group, BAE Systems, Bodycote, Clarkson, Elementis, H&T Group, Harworth Group, Hochschild Mining, Informa, McColl's Retail Group , North Midland Construction, Playtech, Porvair, Rightmove, Robert Walters, Robinson, St James's Place, Strix Group , TI Fluid Systems, Total Produce

INTERIM DIVIDEND PAYMENT DATE 
Mcbride, Sage Group, Smart (J) & Co., Symphony International Holdings Ltd.

QUARTERLY PAYMENT DATE 
JPMorgan Claverhouse Inv Trust

SPECIAL DIVIDEND PAYMENT DATE 
Bodycote, Symphony International Holdings Ltd. AGMS GAN, Total SA

Lungboy

Trustnet portfolio tool: if I try to add a new fund to a portfolio, and stipulate all 3 fields (number of units, date and cost) it won't update the values daily. If i only stipulate 2 fields, say units and date, then it is happy to update the figures daily. Is there any reason why? I ask because the actual numbers don't match the numbers the Portfolio generates automatically, presumably due to the OCF being paid on purchase. It's annoying knowing the numbers aren't quite right, although i guess they won't be a million miles away.

surfsister

May I ask a quick question as I am getting nowhere.

Just want to buy/sell shares using paper certificates going into an office/bank with no complicated accounts etc

I used to use Lloyds but they want me to open some complex account.

Any ideas where I can wander in with a certificate and sell some shares?

sabretoothtigger

The cheapest option is to transfer the certificate to the broker who will sell it at a standard fee. They transfer it in free

I think its the same amount of paperwork either way. If I see certificated dealing I'll post it here but I think it would cost about £50 to do so maybe