Iweb

Matt_22

masonic said:

Matt_22 said:

What would I have to do here sell that?

It would be sold automatically and transferred as cash as part of the transfer. It looks like there is a UK investment trust of the same name that could be used instead. I have not looked into how similar it is to the offshore fund you currently hold, and it would come with additional considerations, such as the ability to trade at a discount or premium to NAV.

The technology trust looks to have similar holdings. I could just buy into this. 

Matt_22

At the moment it's -12% NAV

Matt_22

Iweb is a good idea for someone with 200k in investments as would be saving £500 a year fees. I just thinking there must be a catch. There doesn't appear one. I only !!!!!! to my account to buy say 10 times a year so only a charge of £50 dealing fees.

ColdIron

Matt_22 said:

I just thinking there must be a catch. There doesn't appear one.

No, no catch, it is what it appears to be

Ultimately owned by Lloyds Banking Group so not a fly by night new FinTech

No whizzy portfolio drill down tools, regular savings or app and the research centre is a bit, how shall I say, idiosyncratic. But hey, £0 pa. Ideal for larger long term buy and hold portfolios with relatively infrequent trading

masonic

Matt_22 said:

At the moment it's -12% NAV

Not a very meaningful number unless you look at the context of how it has changed over time. Citywire, HL, etc will provide a chart of premium/discount over time so that you can understand whether this -12% is cheap or expensive relative to the past. Citywire chart below:

Suggests it is cheap relative to 2018-2021, and has stabilised following the interest rate hike cycle, so potentially a good time to buy if you are intending to hold for the long term. Discounts are a risk, however, because if something goes seriously wrong with the fund, it could fall to a much bigger discount, which would be a problem if you wanted to sell.

Matt_22

ChesterDog said:

Yes.

But do you have a question about it?

Do you have a decent size holding with it? Itt appears as save as any provider?

Matt_22

Thanks either that or masonic said:

Matt_22 said:

At the moment it's -12% NAV

Not a very meaningful number unless you look at the context of how it has changed over time. Citywire, HL, etc will provide a chart of premium/discount over time so that you can understand whether this -12% is cheap or expensive relative to the past. Citywire chart below:

Suggests it is cheap relative to 2018-2021, and has stabilised following the interest rate hike cycle, so potentially a good time to buy if you are intending to hold for the long term. Discounts are a risk, however, because if something goes seriously wrong with the fund, it could fall to a much bigger discount, which would be a problem if you wanted to sell.

Thanks either that or I could just buy some more fidility technology fund or AXA framptlington.

masonic

Matt_22 said:

Iweb is a good idea for someone with 200k in investments as would be saving £500 a year fees. I just thinking there must be a catch. There doesn't appear one. I only !!!!!! to my account to buy say 10 times a year so only a charge of £50 dealing fees.

The way I see it is that it is common for companies to have different brand identities to capture different parts of the retail market. LBG have had to build and support the infrastructure used to service their more premium services. These services won't be of interest to those wishing to minimise costs, so to harvest that business they have created a basic offering that is less attractive to their feature-driven clientele, but mops up the moneysavers, and anything additional they can earn using their existing infrastructure is something of a bonus. In reality they will have some additional costs associated with the basic brand and additional load upon their systems, but perhaps they get enough from trading fees for this still to be a viable business model.

Matt_22

Thanks do LBG offer a shares platform under there own name then. With higher charges?

masonic

Matt_22 said:

Thanks do LBG offer a shares platform under there own name then. With higher charges?

They also offer Halifax Share Dealing and Lloyds Bank Direct Investments. All are brand identities of Halfax Share Dealing Limited.