Feedback on Halifax Ready-Made Investments?

sony0zone5

Hi there,

I'm currently reviewing my options and considering opening an Investment account with Halifax and was keen to hear from people who've used their Ready-Made Investments feature previously.

Any particular experience with the 'Balanced - Medium Risk' or 'Progressive - Medium - High Risk' options, in terms of how long you've been invested and the average/overall return you've seen would be welcomed!

I'm not looking to invest a huge amount (ie Potentially around £10k), but wouldn't need to access this in the short-term.

Many thanks in advance

Barkin

Not used 'em myself, but IIRC they're actually Scottish Widows funds. 

Details should be in the KID's/Fund Factsheets. 

Albermarle

sony0zone5 said:

Hi there,

I'm currently reviewing my options and considering opening an Investment account with Halifax and was keen to hear from people who've used their Ready-Made Investments feature previously.

Any particular experience with the 'Balanced - Medium Risk' or 'Progressive - Medium - High Risk' options, in terms of how long you've been invested and the average/overall return you've seen would be welcomed!

I'm not looking to invest a huge amount (ie Potentially around £10k), but wouldn't need to access this in the short-term.

Many thanks in advance

There are many providers of these types of funds. You could make a note of their performance for the last 5 years and a note of their approx make up in terms of how much % equity ( shares) they hold. I assume all this info is available on the website.
You could then compare them to some better known similar funds like the Vanguard Life Strategy funds or the HSBC global strategy funds. Both have a range of from cautious to medium to adventurous.

This will not tell you how any funds will perform in future but could be a useful exercise in learning more about what you are considering investing in.