new HL fund £1

Alexland

Our account profiles were already set to no marketing but HL are stepping up the activity to make their global growth fund application deadline a 'don't miss out' event. Today they have sent emails, junk post and pushed phone app reminders.

Alex

aroominyork

Alexland wrote: »

Our account profiles were already set to no marketing but HL are stepping up the activity to make their global growth fund application deadline a 'don't miss out' event. Today they have sent emails, junk post and pushed phone app reminders.

Including saying "The new HL Global Fund £1 fixed launch price closes tomorrow, 2 May. After this, the fund price could move each day." That says everything about the level of financial illiteracy which they hope their customers have.

stephenadarglas

I'll give it a chance with 5k and see where we go from there.

Alexland

aroominyork wrote: »

Including saying "The new HL Global Fund £1 fixed launch price closes tomorrow, 2 May. After this, the fund price could move each day." That says everything about the level of financial illiteracy which they hope their customers have.

Do you think they will be running an unbeatable '25% off sale' if it drops to 75p?

sixpence.

Herbalus wrote: »

I know HL funds are generally considered poor value and rely on marketing to more unsophisticated investors..

I'm curious about this statement.

1) what is a good value fund as opposed to HL?
2) is there anything wrong with the HL funds?

Asking because I am thinking of investing in one of their mutli asset income funds and don't want to be a chump etc

cogito

HL have never included Fundsmith in their Wealth list because they say he doesn't have a long enough track record so they launch a clone of a Fundsmith with a manager who's never previously managed a fund and expect the mugs to pile in.

Why would I want to invest in such a fund when I already hold Fundsmith and LTGE.

cogito

sixpence. wrote: »

I'm curious about this statement.

1) what is a good value fund as opposed to HL?
2) is there anything wrong with the HL funds?

Asking because I am thinking of investing in one of their mutli asset income funds and don't want to be a chump etc

HL charge 1.29% for their multi-manager high income fund plus .45% for their platform fee. The each of the sub-funds also has a fee of around 1% so you have to make nearly 2.5% just to break even.

Better just to pick the individual funds.

dunstonh

cogito wrote: »

HL charge 1.29% for their multi-manager high income fund plus .45% for their platform fee. The each of the sub-funds also has a fee of around 1% so you have to make nearly 2.5% just to break even.

Better just to pick the individual funds.

It also makes it more expensive than many IFAs. Going DIY when it costs you more sort of defeats the purpose of going DIY.

Prism

sixpence. wrote: »

I'm curious about this statement.

1) what is a good value fund as opposed to HL?
2) is there anything wrong with the HL funds?

Asking because I am thinking of investing in one of their mutli asset income funds and don't want to be a chump etc

I would suggest looking at the HSBC Global Strategy range or Vanguard Lifestrategy instead

Alexland

cogito wrote: »

Why would I want to invest in such a fund when I already hold Fundsmith and LTGE.

It's a good point that by launching this fund they must have damaged their relationship with Nick Train so do you suspect the LTGE fund discount might be at risk going forward?

Alex