HL Wealth 50

New_World_Man

I recall that HL would not list certain funds on the (arguably spurious) basis that they had no track record and had never been tested in a crisis.
It will be interesting to see if their list changes as a result of the current market slump.
Or will it still contain the same old names which, coincidentally, offer a discount through HL?
No doubt their experts are crunching the numbers as we speak.

dunstonh

I would prefer not to take notice of any list that is influenced by marketing.  It doesnt matter who the provider or platform is. 

Thrugelmir

The list at least provides investors with ideas as to what and where to start researching. No different to Goldman Sachs suggesting that Shell is a buy,  SSE as a hold and Centrica as a sell. In case of doubt use an IFA to construct a portfolio. I've had to complete an array of forms in order to buy more shares in a Company I hold. Latest one was an approriateness test from my broker  to evidence the fact I knew and understood what the company's underlying investments abd was an experienced/knowledgable enough investor to trade them. 

Malthusian

Thrugelmir said:

The list at least provides investors with ideas as to what and where to start researching. No different to Goldman Sachs suggesting that Shell is a buy,  SSE as a hold and Centrica as a sell.

It is very different because

a) Picking funds is a very different game from picking individual shares.

b) Goldman Sachs don't get commission from Shell for recommending you buy Shell. (Hopefully.)

(For those not familiar with HL's business model who may be about to say "HL don't get commission" - HL use their buying power to get funds to give them an annual discount compared to going via another platform - this allows them to charge a significantly higher annual platform fee than everyone else. Via this mechanism part of the fund manager's fee is funnelled into HL's bank account. When a fund manager agrees to pay part of its management fee for the benefit of the platform in exchange for marketing it's called commission. This is why Whoopsford Equity Income was in the Wealth 50 but Fundsmith wasn't.)