ETFs vs Funds. Selling.

bowlhead99

newbinvestor wrote: »

Because said fee structure (for OEICs) will be higher than any platform fee for ETFs (£45 capped with Fidelity)

I had forgotten you were planning on doing this in a SIPP as you hadn't mentioned that in this thread and having started tens of threads in the last few months I find it difficult to keep up.

For non-SIPP accounts you could hold OEICs with charges below £45 a year with e.g. Halifax Sharedealing (https://www.halifax.co.uk/investing/ways-to-invest/choose-your-own-investments/share-dealing-account/) or IWeb (https://www.iweb-sharedealing.co.uk/share-dealing-home.asp).

You had mentioned in another thread that Fidelity didn't have as big range of ETFs as other places; and in another thread that you didn't like certain features of certain ETFs (stock lending, propensity to use derivatives etc).

So, no need to force yourself down a path of only Fidelity or only ETFs to save a few pounds of fees. Evaluate [a] what underlying investments you want, then a suitable investment product to access those investments with acceptable risks, then [c] find a provider who can let you buy and hold the product from (b) in a suitable tax wrapper (ISA / SIPP / unwrapped), for a competitive fee.

The tying yourself to Fidelity is the last stage (c), and isn't the first or second thing to worry about.