ISA ETF S&P 500 Accumulative

planforfuture

I am looking to invest in a Shares ISA S&P 500 ETF in 'accumulative' class and not dividends as I would want the dividends to be reinvested back in my pot. So far I only found a few companies in the UK which does the 'dividend' type but not accumulative. There is a UBS S&P 500 INDEX CLASS C - ACCUMULATION (GBP) and the Fidelity Index US Fund P Accumulation and have lowish fee (0.9% and 0.07% net ongoing charge)  and wonder if they are the same as the Vanguard and ishare S&P 500 ETF. 
Your help will be much appreciated.

masonic

Why not opt for the iShares Core S&P 500 ETF, CSP1, which is accumulative?

bowlhead99

planforfuture said:

I am looking to invest in a Shares ISA S&P 500 ETF in 'accumulative' class and not dividends as I would want the dividends to be reinvested back in my pot. So far I only found a few companies in the UK which does the 'dividend' type but not accumulative. There is a UBS S&P 500 INDEX CLASS C - ACCUMULATION (GBP) and the Fidelity Index US Fund P Accumulation and have lowish fee (0.9% and 0.07% net ongoing charge)  and wonder if they are the same as the Vanguard and ishare S&P 500 ETF. 
Your help will be much appreciated.

The UBS and Fidelity index funds both aim to hold the S&P500 constituent companies in the same proportions, but are not the same as Vanguard and iShare ETFs, as they are not ETFs; they are open-ended funds which must be held through a fund platform.

Unlike ETFs which trade on a stock exchange and can be bought from a stockbroker, the two funds you mention have a single daily price rather than a live price. You may find your ISA manager platform has a different platform fee structure for open ended funds vs ETFs.

If you are specifically looking for an S&P500 tracking ETF and have already found iShares Core S&P 500 UCITS ETF (Accumulating class trading on London Stock Exchange as 'CSPX' and priced in dollars or 'CSP1' priced in pounds) and the Vanguard S&P 500 UCITS ETF (Accumulating class trading on London Stock exchange as "VUAG" and priced in pounds), there is no real need to look a lot further further, as both iShares and Vanguard are both among the largest and most credible ETF providers and both products use physical replication of the index.

planforfuture

@masonic, Thanks for the pointer and yes it is exactly what I am looking for. I can see there is a number of UK companies (HL, justETF, youinvest, ii etc) deal with this fund with about similar fees. Just wonder if any one of them will do or should I go for a more established company e.g. HL?

planforfuture

Looks like HL is the only company does it as a Stock ISA? Is this right? The others are just for trading directly.

bowlhead99

planforfuture said:

@masonic, Thanks for the pointer and yes it is exactly what I am looking for. I can see there is a number of UK companies (HL, justETF, youinvest, ii etc) deal with this fund with about similar fees. Just wonder if any one of them will do or should I go for a more established company e.g. HL?

planforfuture said:

Looks like HL is the only company does it as a Stock ISA? Is this right? The others are just for trading directly.

No:
JustETF is really just an information provider that is there to help you research ETFs and create virtual portfolios that you could then implement with a broker or investment platform account elsewhere.

 HL, Youinvest and Interactive Investor are all proper investment platforms offering funds and ETFs and individual shares. They all offer a choice of ISA accounts or pension accounts or unwrapped general investment accounts, have an app and website to track your holdings and make purchase or sale orders, and all have tens of billions under administration. 

The differences between those three providers (and other providers) just come down to the cost for their services.

masonic

planforfuture said:

Looks like HL is the only company does it as a Stock ISA? Is this right? The others are just for trading directly.

It is one of my holdings in my ISA at both Youinvest and ii. It's available pretty much anywhere that offers a S&S ISA that allows UK shares to be held. If you go for Vanguard Investor, then you will have to pick the Vanguard equivalent instead.

planforfuture

The same CSP1 fund from HL, there is a 0.45% management fee + 0.07% net ongoing charge. With Youinvest, there is no mentioning of management charges i.e. just 0.07% ongoing charge? So why would anyone will want to purchase from HL?

eskbanker

planforfuture said:

The same CSP1 fund from HL, there is a 0.45% management fee + 0.07% net ongoing charge. With Youinvest, there is no mentioning of management charges i.e. just 0.07% ongoing charge?

....except for the mentioning at https://www.youinvest.co.uk/isa/charges-and-rates, where it's clarified that their equivalent charge is 0.25% - still cheaper but not zero:

Annual shares custody charge (including investment trusts, ETFs, gilts and bonds)

0.25% of the value of the shares in your account

masonic

If you want a zero custody charge, then iWeb is an option, or one of the ultra-low sharedealing platforms like Trading212.

tel_

masonic said:
It is one of my holdings in my ISA at both Youinvest and ii.

 If you go for Vanguard Investor, then you will have to pick the Vanguard equivalent instead.

Why would you hold the S&P500 in two different platforms? I'm guessing one is just an investment from many years ago?

I take it the Vanguard equivalent is the one on Vanguard Investor listed as S&P500 UCITS EFT (VUSA)?