JISA world tracker recommendations..

sidneyyoungblood

Can anyone recommend a cheap world tracker for a Junior isa to buy and leave for the next 10 years bought through the Fidelity website  .. looking to buy 3k worth for a relative ...Already has 1k worth of Legal and General tech . 
Thanks

gravel_2

Do you have a shortlist?

Alexland

If you are happy with Developed World (no EM) then Fidelity Index World which they discount from 0.12% to 0.10% on the Fidelity platform once you have a big enough holding to be worth them paying the rebates.

You are brave to be overweight on tech in current market conditions. Plenty of tech in a global tracker already.

Normal caveat that a global tracker might drop around 50% and take years to recover. Tech might be worse.

My kids have done great with Fidelity Index World but am starting to derisk them now bonds are attractive again.

sidneyyoungblood

Alexland said:

If you are happy with Developed World (no EM) then Fidelity Index World which they discount from 0.12% to 0.10% on the Fidelity platform once you have a big enough holding to be worth them paying the rebates.

You are brave to be overweight on tech in current market conditions. Plenty of tech in a global tracker already.

Normal caveat that a global tracker might drop around 50% and take years to recover. Tech might be worse.

My kids have done great with Fidelity Index World but am starting to derisk them now bonds are attractive again.

Thanks , hoping to just buy and not mess around with it and hopefully it will atleast keep up with inflation when they are 18 .. 

sidneyyoungblood

Alexland said:

If you are happy with Developed World (no EM) then Fidelity Index World which they discount from 0.12% to 0.10% on the Fidelity platform once you have a big enough holding to be worth them paying the rebates.

You are brave to be overweight on tech in current market conditions. Plenty of tech in a global tracker already.

Normal caveat that a global tracker might drop around 50% and take years to recover. Tech might be worse.

My kids have done great with Fidelity Index World but am starting to derisk them now bonds are attractive again.

Is this the fund ? 

Fidelity Index World Fund P Accumulation

Alexland

sidneyyoungblood said:

Thanks , hoping to just buy and not mess around with it and hopefully it will atleast keep up with inflation when they are 18 .. 

If they are likely to spend the money at age 18 you may wish to derisk them gradually over the final decade before withdraw to get certainty of outcome so the value of the investment is not affected by a late market crash etc. There are target date funds that do this automatically if you want a fund you don't need to think about again.

sidneyyoungblood said:

Is this the fund ? 

Fidelity Index World Fund P Accumulation

Yes that's the one I have been using with the kids for years.

cloud_dog

We took a slightly different approach to @Alexland regarding de-risking.

We similarly used the Fidelity Index World fund, but as they approach age 15 / 16 we started contributing to a cash savings account and didn't de-risk the S&S investment.  When they reached 18 we discussed the S&S JISA and the cash savings account suggesting that the S& should remain invested for post Uni life, e.g. LISA etc, and that the cash savings could be theirs for now money.  Thankfully it has worked out well.

thunderroad88

sidneyyoungblood said:

Alexland said:

If you are happy with Developed World (no EM) then Fidelity Index World which they discount from 0.12% to 0.10% on the Fidelity platform once you have a big enough holding to be worth them paying the rebates.

You are brave to be overweight on tech in current market conditions. Plenty of tech in a global tracker already.

Normal caveat that a global tracker might drop around 50% and take years to recover. Tech might be worse.

My kids have done great with Fidelity Index World but am starting to derisk them now bonds are attractive again.

Thanks , hoping to just buy and not mess around with it and hopefully it will atleast keep up with inflation when they are 18 .. 

I think you’ll be fine just buying Fidelity World P and leaving it be. Your timeframe is at least 10 years so I wouldn’t be worrying about derisking or bonds for a long time yet, if at all. Cloud_dog’s advice above is very sound.