new HL fund £1

cogito

Alexland wrote: »

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

I didn’t make that point but doubt that Train cares. The cost of holding his funds on the HL platform is roughly the same as the new HL fund. Besides, Train owns about 10% of Hargreaves Lansdown so there is a mutual interest.

zagfles

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

The multi manager funds are quite expensive as they have an extra layer of charges. Might be worth looking at their suggested portfolios https://www.hl.co.uk/funds/help-choosing-funds/master-portfolios or for passive https://www.hl.co.uk/funds/index-tracker-funds/tracker-portfolios

Obviously take note of all the disclaimers etc, and I'm sure you'll get the regulars here sneering at them...

zagfles

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.

The sub-fund charges are included in the MM fund charges I believe. Still expensive though.

cogito

zagfles wrote: »

The sub-fund charges are included in the MM fund charges I believe. Still expensive though.

Not sure about that. Their fund fact sheet states that their size and scale enables them to negotiate discounts from the underlying funds. It was launched just over three years ago and is up a mere 15%. The managers have earned as much as the customer.

zagfles

cogito wrote: »

Not sure about that. Their fund fact sheet states that their size and scale enables them to negotiate discounts from the underlying funds. It was launched just over three years ago and is up a mere 15%. The managers have earned as much as the customer.

https://www.fundslibrary.co.uk/FundsLibrary.DataRetrieval/Documents.aspx?type=point_of_sale&id=f75410c7-b365-4541-8ed5-e4a39734bbb5&user=hl_website_documents

Included within the OCF are synthetic costs which include the OCF of the underlying funds weighted on the basis of their investment proportion

Alexland

Well the constant spamming worked and they took £300m or cica £300 per customer for their amazing £1 launch price opportunity. What a good business they have!

aroominyork

Alexland wrote: »

Well the constant spamming worked and they took £300m or cica £300 per customer for their amazing £1 launch price opportunity. What a good business they have!

Well, I'm happy to piggyback their profits through Lindsell Train's funds (I see HL's shares are up a third in the last three months...).

ffacoffipawb

Alexland wrote: »

Well the constant spamming worked and they took £300m or cica £300 per customer for their amazing £1 launch price opportunity. What a good business they have!

Available for an even lower 99.11p at the moment too.

cogito

All funds have to start somewhere and the only difference about this one is the fanfare that accompanied it. Personally, I would never invest in a fund without looking under the bonnet and I won’t invest in this one until I can see what’s there. If I like the look of it, I will take a small position but not at the expense of my holdings in Fundsmith, LTGE and Blue Whale.

ffacoffipawb

cogito wrote: »

All funds have to start somewhere and the only difference about this one is the fanfare that accompanied it. Personally, I would never invest in a fund without looking under the bonnet and I won’t invest in this one until I can see what’s there. If I like the look of it, I will take a small position but not at the expense of my holdings in Fundsmith, LTGE and Blue Whale.

We still have no idea what this HL fund is invested in either. Is if a clone of either of these or something totally different.

I hold all three you mention plus the LT UK equity in my HL small SIPP in equalish proportions.