Stocks & Shares ISAs for 60+ yrs?

AnotherJoe

Also, are they "really" an OCF of 0.17% when they have what looks like a very significant buy/sell spread?

OldBill

I don't know what means - pardon my ignorance!

Aidanmc

Spread is the difference between the buy price and sell price. Some funds are single priced where buy and sell is the same.

masonic

OldBill wrote: »

They don't have the one that I want.

Which one do you want?

masonic

AnotherJoe wrote: »

Also, are they "really" an OCF of 0.17% when they have what looks like a very significant buy/sell spread?

It's hard to say whether or not trades will be subject to bid/offer spread. I've previously held unit trusts through HL and the spread was discounted to zero (which was good as the spread was 5% in one case). The Unit Trust structure is so uncommon these days I've not encountered such a fund in recent years. More common are OEICs with an initial charge, which are also discounted by some platforms in exactly the same manner, but it's clearer when it is structured as an explicit entry charge.

OldBill

Aidanmc wrote: »

Its also possible to contact I-Web and ask them if they can get the fund you want to invest in.

Phoned iWeb - they said that because the particular Fidelity fund I want - unlike some of the others in that series - is "non-UCITS", it is not one that they will provide. I said that other platforms were selling it, and to that they said that it is for each platform provider to decide what it will stock.

All very courteous and friendly, but iWeb is a no-go for that particular fund product.

So back to the drawing-board on platforms.

masonic

OldBill wrote: »

Phoned iWeb - they said that because the particular Fidelity fund I want - unlike some of the others in that series - is "non-UCITS", it is not one that they will provide. I said that other platforms were selling it, and to that they said that it is for each platform provider to decide what it will stock.

All very courteous and friendly, but iWeb is a no-go for that particular fund product.

So back to the drawing-board on platforms.

If it is not UCITS compliant, that means the fund may be less stringently regulated and subject to fewer safeguards. I'd be hesitant to invest in such a fund without understanding why it is non-compliant and what impact that could have on my investment in the fund.

Of course, iWeb could just be wrong about UCITS status. It wouldn't be the first time. If you were willing to disclose the name of the fund, I'd be able to check.

Edit: You might also be interested in this post, and this one.

OldBill

masonic wrote: »

If it is not UCITS compliant, that means the fund may be less stringently regulated and subject to fewer safeguards. I'd be hesitant to invest in such a fund without understanding why it is non-compliant and what impact that could have on my investment in the fund.

Of course, iWeb could just be wrong about UCITS status. It wouldn't be the first time. If you were willing to disclose the name of the fund, I'd be able to check.

Yes, sorry, I wasn't being secretive about my choice - I missed a couple of posts earlier as I was trying to follow the thread on my mobile phone whilst sat at my desk in the office at work!.

The fund is: Fidelity Investment Funds IV - Fidelity Multi Asset Allocator Adventurous Fund Y Acc. isin GB00B893BN59.
https://www.fidelity.co.uk/factsheets/Fidelity-Multi-Asset-Allocator-Adventurous-Fund-Y-Accumulation/GB00B893BN59-GBP/?id=GB00B893BN59&idType=isin&marketCode=&idCurrencyId=

masonic

OldBill wrote: »

The fund is: Fidelity Investment Funds IV - Fidelity Multi Asset Allocator Adventurous Fund Y Acc. isin GB00B893BN59.
https://www.fidelity.co.uk/factsheets/Fidelity-Multi-Asset-Allocator-Adventurous-Fund-Y-Accumulation/GB00B893BN59-GBP/?id=GB00B893BN59&idType=isin&marketCode=&idCurrencyId=

Yes, that's definitely non-UCITS compliant. In your shoes, I'd certainly want to understand why. One possible reason is: "May also make extensive use of derivatives including more complex instruments or strategies to achieve the investment objective and these may result in leverage... The use of derivatives may result in ‘‘leverage’’ by which we mean a level of exposure which could expose the fund to the potential of greater gains or losses than would otherwise be the case."

So extra risks to be concerned with over and above the risks of the underlying holdings. Not a fund I'd consider investing in personally.

OldBill

Oh, great.

Back to the drawing board on funds as well as platforms.

At this rate, by the time I sort this we'll be into the next tax year.