Money Market Fund

chiang_mai

I am exiting the active investment arena for health reasons and am considering parking my SIPP funds in Fidelity Short Term Money Market fund on HL. Can anyone suggest a better alternative for a period up to 6 months? TIA

Stargunner

chiang_mai said:

I am exiting the active investment arena for health reasons and am considering parking my SIPP funds in Fidelity Short Term Money Market fund on HL. Can anyone suggest a better alternative for a period up to 6 months? TIA

Depending how much you have, you may be better with the ETF CSH2, as the HL fees may be lower

Qyburn

I might be looking at the wrong one but GB00BD1RHT82 has higher charges (0.15%) than Vanguard at 0.12% or Royal London 0.10%

chiang_mai

Qyburn said:

I might be looking at the wrong one but GB00BD1RHT82 has higher charges (0.15%) than Vanguard at 0.12% or Royal London 0.10%

I think you are correct, I selected Fidelity because it pays monthly and is the much larger fund.

Stargunner

chiang_mai said:

Qyburn said:

I might be looking at the wrong one but GB00BD1RHT82 has higher charges (0.15%) than Vanguard at 0.12% or Royal London 0.10%

I think you are correct, I selected Fidelity because it pays monthly and is the much larger fund.

The Fidelity fund is an Acc fund so it doesn't pay monthly. It is a much smaller fund than the RL one.

NedS

I use the Royal London MMF on HL and have been please with the performance. If you don't need the monthly payouts, use an accumulating fund and benefit from the compounding.

chiang_mai

Stargunner said:

chiang_mai said:

Qyburn said:

I might be looking at the wrong one but GB00BD1RHT82 has higher charges (0.15%) than Vanguard at 0.12% or Royal London 0.10%

I think you are correct, I selected Fidelity because it pays monthly and is the much larger fund.

The Fidelity fund is an Acc fund so it doesn't pay monthly. It is a much smaller fund than the RL one.

Fidelity Cash Class W on HL is available as Inc or Acc, the only other monthly options are JPM VNAV (C) which is only available as Acc. or, Vanguard which is quite a small fund.

https://www.hl.co.uk/funds/fund-discounts,-prices--and--factsheets/search-results?sectorid=138&start=0&rpp=20&lo=0&sort=fd.full_description&sort_dir=asc

Albermarle

chiang_mai said:

Stargunner said:

chiang_mai said:

Qyburn said:

I might be looking at the wrong one but GB00BD1RHT82 has higher charges (0.15%) than Vanguard at 0.12% or Royal London 0.10%

I think you are correct, I selected Fidelity because it pays monthly and is the much larger fund.

The Fidelity fund is an Acc fund so it doesn't pay monthly. It is a much smaller fund than the RL one.

Fidelity Cash Class W on HL is available as Inc or Acc, the only other monthly options are JPM VNAV (C) which is only available as Acc. or, Vanguard which is quite a small fund.

https://www.hl.co.uk/funds/fund-discounts,-prices--and--factsheets/search-results?sectorid=138&start=0&rpp=20&lo=0&sort=fd.full_description&sort_dir=asc

As Vanguard have something like $ 5 Trillion of assets under management, then I do not think the actual size of any particular Vanguard fund is of any relevance,

chiang_mai

Albermarle said:

chiang_mai said:

Stargunner said:

chiang_mai said:

Qyburn said:

I might be looking at the wrong one but GB00BD1RHT82 has higher charges (0.15%) than Vanguard at 0.12% or Royal London 0.10%

I think you are correct, I selected Fidelity because it pays monthly and is the much larger fund.

The Fidelity fund is an Acc fund so it doesn't pay monthly. It is a much smaller fund than the RL one.

Fidelity Cash Class W on HL is available as Inc or Acc, the only other monthly options are JPM VNAV (C) which is only available as Acc. or, Vanguard which is quite a small fund.

https://www.hl.co.uk/funds/fund-discounts,-prices--and--factsheets/search-results?sectorid=138&start=0&rpp=20&lo=0&sort=fd.full_description&sort_dir=asc

As Vanguard have something like $ 5 Trillion of assets under management, then I do not think the actual size of any particular Vanguard fund is of any relevance,

Yes indeed, but the difference in yield between the VG and Fid. funds is 3.24% vs 5.04%.

Qyburn

What do those percentages represent, is it a forecast? Asking because past performance of all three is very similar, but with RL slightly ahead of the other two.
.

chiang_mai

Qyburn said:

What do those percentages represent, is it a forecast? Asking because past performance of all three is very similar, but with RL slightly ahead of the other two.
.

I suppose so. At some point a person must decide and make a choice, and in the absence of any other criteria, that was what decided it for me.