FundsNetwork and Available Investment Trusts

Thrugelmir

Oswulf said:

As suggested, I contacted Fidelity.  In response, no explanation of how ITs are selected for inclusion on the platform, and as for adding CLDN, the request has been forwarded to the appropriate department, but I won't be notified of the outcome.  I've been told to check in a few weeks, and CLDN may, or may not be there.

Normally it's customer demand. Having a look there's less than a 150 trades in the stock on an average day. 

wmb194

Thrugelmir said:

Oswulf said:

As suggested, I contacted Fidelity.  In response, no explanation of how ITs are selected for inclusion on the platform, and as for adding CLDN, the request has been forwarded to the appropriate department, but I won't be notified of the outcome.  I've been told to check in a few weeks, and CLDN may, or may not be there.

Normally it's customer demand. Having a look there's less than a 150 trades in the stock on an average day. 

To continue my earlier example, Shires Income sees fewer trades than this everyday and it's being offered.

Moe_The_Bartender

The other thing is that according to the KID, charges for CLDN are 2.8%. I know that various pal forms say 0.99% but the trust managers are usually right. 2.8% is not unusual for private equity funds but it’s more than I would pay for average performance.

Oswulf

Moe_The_Bartender said:

The other thing is that according to the KID, charges for CLDN are 2.8%. I know that various pal forms say 0.99% but the trust managers are usually right.

Calculated on a different basis.  The KID charge includes the charges of the funds the trust invests in (effectively making it a "fund of funds") as well as a few additional items.  These are not included in the OCR calculation.