Fund v ETF which is better

Albermarle

To be honest, if you cannot work that out for yourself then you should not be investing in them.    Those with knowledge will make the risk vs reward decision knowing all the risks that may or may not exist on a particular investment.     Those that cannot tell should avoid using that type of investment.

Exactly why I avoid them as I do not really understand them . Much easier for the average investor to get their head around funds , or even Investment trusts.

bowlhead99

What is a non packaged vs a packaged etf? Would holding a fund be the same scenario without dealing costs but incurring a higher management fee

A non packaged ETF is basically any of the ETFs that can be bought directly on the stock exchange rather than only being offered only through an advised product or packaged as part of an investment vehicle. So, a non packaged ETF is any ETF you have been considering.

Holding a 'fund' is not the same scenario assuming what you mean by a 'fund' is a UK Open Ended Investment Company (OEIC) or Unit Trust or PAIF. These are UK regulated collective investment schemes and qualify for FSCS protection, for what it's worth.

When you say "without dealing costs but incurring a higher management fee" - the phrase 'management fee' in investment circles generally relates to the charges paid by the fund to its manager, which are often broadly the same as they are for ETFs, and sometimes cheaper. I'm guessing that here you're referring to the platform management /custody /account service fee, paid to the company who buys and holds the investment on your behalf.

If that's the case, you should be aware (because it's been mentioned on several threads you've been on) that different platforms have different fee structures. For example HL charges a percentage based fee for funds and a transaction fee for ETFs; IWeb and II charge transaction fees only; Vanguard charges percentage-based fees only.