Rathbone Global Opportunities S Acc - equivalent fund

Apollo22

I have held this fund for years, but its closed now. As I want to transfer to iWeb is there an equivalent Rathbones fund I can transfer it to?

thanks

ColdIron

IWeb offer the I class of that fund so that would be pretty equivalent. The OCF is different but perhaps you had a discounted one

https://www.markets.iweb-sharedealing.co.uk/funds-centre/fund-supermarket/detail/GB00B7FQLN12

You won't be able to transfer the S class to the I class (or any other fund for that matter) but you could transfer as cash

JohnWinder

Looks to have been a successful fund. Why might it have closed?

Linton

Google shows no indication Rathbone Global Opportunities S has closed - both HL and Fidelity have it on their lists.  Other providers I checked sell the I class.

Checking on morningstar the fund is very highly growth oriented so perhaps not best suited for nervous investors.  Though on the plus side it is well diversified across sectors without a large tech weighting.

Apollo22

I am confused, as I cannot buy it through Fidelity and Halifax iweb don't list it.  I will have to dig some more.

thanks

Apollo22

Just checked the S fund is 0.55% and the newer one is 0.77%, so just have to suck it up if I want to transfer to iweb, unfortunately 

ColdIron

Just an observation but Fidelity do appear to offer it
Of course this is no help to you as you can't re-register the S class to IWeb as they only offer the I class

https://www.fidelity.co.uk/factsheet-data/factsheet/GB00BH0P2M97-rathbone-global-opportunities-s-acc/performance

Sea_Shell

I fell foul of thinking iWeb could do a share class conversion as part of an ISA transfer from Fidelity*.

☹️

The quickest and easiest way is to sell to cash, do the ISA transfer, then rebuy once within iWeb.

Ok you're out the market for a little while, but it's really the only practical way to switch that fund to them.

*I had a thread about it.

Apollo22

Actually iweb have said they will not transfer it, so I could either sell and buy the right funds on Fidelity and then transfer or do as you did. 

However, iweb doesnt offer monthly direct debits and I am unsure what that means in terms of me buying funds monthly. Will update my other thread

Sea_Shell

You'll just have to fund manually, no different to DD really.  Just a few more minutes of work for you.

But, you'll pay £5 per trade, so depending on how much you're planning on putting in, you may want to save up elsewhere and deposit, say, quarterly.