Transferring from one fund to another in Fidelity

Catbells

Hi. I have four funds in a S&S ISA with Fidelity. Two of them,  Schroeder and Invesco have not done too well so I thought I would transfer their funds into another one I hold (also with Fidelity) with Blackrock Gold and General Fund Class D.  A total of £32K.    Will this be better than Amber or Axa which I've read are better at the moment.  Thanks. 

InvesterJones

Catbells said:

Hi. I have four funds in a S&S ISA with Fidelity. Two of them,  Schroeder and Invesco have not done too well so I thought I would transfer their funds into another one I hold (also with Fidelity) with Blackrock Gold and General Fund Class D.  A total of £32K.    Will this be better than Amber or Axa which I've read are better at the moment.  Thanks. 

To confirm, you're asking us to divine not only which funds you currently hold, and the reason you hold them/your investment goals, but also the future?

If not, please include some more information such as what the funds you hold are, why you are holding them and what your goals are. I'm afraid the future divination one is beyond even the most talented of forum users.

dunstonh

Will this be better than Amber or Axa which I've read are better at the moment. 

Amber or AXA what?
How have you read they are better?

I thought I would transfer their funds into another one I hold (also with Fidelity) with Blackrock Gold and General Fund Class D.

That is one roller coaster ride you are looking for.    Although it is the sort of fund that you would typically hold no more than 5% of your overall portfolio in if you felt it necessary to.    So, a little dabble does no harm.   Most investors wouldn't bother as the volatility of that type of fund is all or nothing.  i.e. up 90% in a year and down 90% in a year but over the long term doesnt really do much.       

Catbells

Thank you Investor Jones and Dunstonh.    I'm not an expert and am trying to manage this investment ISA myself as I thought it would be straightforward enough but your replies suggest it isn't .   This ISA is not the total of my investments.  It has  £50k spread across four funds from which I take a small monthly income.  I just want to increase value and income.   Fidelity have a 'top 50' recommended funds which is where I got the names of the two funds AXA Sterling Credit Short Duration Bond Z Gross Acc and Amber International Public Partnerships Ltd.  I wanted to take out the underperforming ones and buy cash ISAs but   Fidelity won't allow partial withdrawals so transferring to other funds seemed the best alternative.    The others I hold currently are Jupiter Merlin Income Portfolio and BlackRock Gold & General Fund Class D Inc which have performed reasonably.    I hope this info will enable you to comment on this idea.  Thanks.  

Beddie

If you were thinking of a cash ISA then you might like this:

https://www.fidelity.co.uk/factsheet-data/factsheet/GB00B8XYYQ86-royal-london-short-term-money-mrkt-y-acc/key-statistics

It tracks the "SONIA" rate which moves with bank rates, currently paying over 5%. Nice and steady if you're worried about fluctuations.

Catbells

Wow thanks for that Beddie, I'll have a look.  Gotta be better than what I have currently. 

InvesterJones

Catbells said:

Thank you Investor Jones and Dunstonh.    I'm not an expert and am trying to manage this investment ISA myself as I thought it would be straightforward enough but your replies suggest it isn't .   This ISA is not the total of my investments.  It has  £50k spread across four funds from which I take a small monthly income.  I just want to increase value and income.   Fidelity have a 'top 50' recommended funds which is where I got the names of the two funds AXA Sterling Credit Short Duration Bond Z Gross Acc and Amber International Public Partnerships Ltd.  I wanted to take out the underperforming ones and buy cash ISAs but   Fidelity won't allow partial withdrawals so transferring to other funds seemed the best alternative.    The others I hold currently are Jupiter Merlin Income Portfolio and BlackRock Gold & General Fund Class D Inc which have performed reasonably.    I hope this info will enable you to comment on this idea.  Thanks.  

Thanks for providing some of the fund names, what about the others (schroder? Invesco?). What was your reason for picking them out of the top 50 in the first place and what timescale are you looking to invest over (which is another way of asking what volatility/risk are you willing to put up with)?

Catbells

Thanks.  I've been away so only just back.  I had an IFA set this portfolio up  but he died a few years back.  I'm medium risk and don't want to gamble with this fund.  Oddly it was my suggestion to put money in the Blackrock gold and general fund which he didn't think was a good idea at the time but it's done better than the other three lately.  

dunstonh

 Fidelity have a 'top 50' recommended funds which is where I got the names of the two funds

Fidelity don't make recommendations.  They may have a marketing list though.  Do not mistake marketing for recommendations.

Catbells said:

Thanks.  I've been away so only just back.  I had an IFA set this portfolio up  but he died a few years back.  I'm medium risk and don't want to gamble with this fund.  Oddly it was my suggestion to put money in the Blackrock gold and general fund which he didn't think was a good idea at the time but it's done better than the other three lately.  

Blackrock G&G is one of the highest risk unit linked funds you can buy.   As I mentioned earlier, it will sky rocket or bust a lot of the time.   A fund you dip in and dip out of with a small ratio of your money.  Advisers tend to focus on suitailbity and more stable options as the general consumer doesnt have the appetite to lose 90% of their money (which the G&G fund can do).   Short term differences are irrelevant when looking at long term investments.   Every dog will have its day.

Catbells

I'll find the link to the page and post it here - (where I found the suggestions of funds performing well.Sounds like it may be best to get out of Blackrock G&G soon.   It's difficult when you don't have any knowledge of the markets - like me.  However I still don't know which funds to transfer this and the others to.

Albermarle

It's difficult when you don't have any knowledge of the markets - like me.

If you think that the contributors to this forum have any idea what will happen with markets in the short or medium term future, then you would be wrong. This is because the only way to know that is to be able to see into the future, and predict unpredictable events.
In the long term still nobody knows for sure, but historical experience shows that the long term trend will be up, with a lot of ups and downs on the way.