Investengine investment?

masonic

flopsy1973 said:

Would I be better off in another investment then with them ? Where no reporting would be required 

I picked a distributing Vanguard ETF with a good history of zero ERI. I still needed to check but the info is quite easy to find at Vanguard. I believe with Amundi they make it harder to access.

flopsy1973

Thanks can you give me further information on this Vanguard ETF please so I can look into it 

masonic

flopsy1973 said:

Thanks can you give me further information on this Vanguard ETF please so I can look into it 

I think it was just VUKE as I wanted something that would distribute in GBP to avoid any forex complexity. But I note that last year even this one had a little bit of ERI. VAGP is a lower risk alternative, albeit with a less good record of distributing all of its income.

flopsy1973

Am I better off sticking to CSH2 then ?

masonic

flopsy1973 said:

Am I better off sticking to CSH2 then ?

Perhaps, although you should familiarise yourself with the process for obtaining ERI data from Amundi as this will be needed if you continue to hold beyond the end of October.

flopsy1973

Why October ? Which would be easier to get the information from Amundi or Vanguard given your experience and surely on £100 there will be hardly anything ? 
Does the SA have to be so precise ? 
Sorry for all the questions 

masonic

flopsy1973 said:

Why October ? Which would be easier to get the information from Amundi or Vanguard given your experience and surely on £100 there will be hardly anything ? 
Does the SA have to be so precise ? 
Sorry for all the questions 

31st October is the end of the accounting year for the fund in question. Whomever is left holding shares on that date owns the ERI for that year.

As I mentioned before, Vanguard makes the information publicly available and easy to find, whereas Amundi put it behind a login (something I've not needed to navigate as I've never held it unwrapped).

Personally, I would not make the declaration that the information within my tax return is correct and complete without taking basic steps to ascertain the actual amounts I should be entering into the boxes, even in cases where I don't expect any tax to be due. You've probably already invested more time and effort into this discussion than is needed to obtain the relevant information from either Amundi or Vanguard when the time comes.

where_are_we

I was aware of Amundi taking over Lyxor ETF`s and have invested in CSH2 as part of my SIPP and my ISA over the last 2 years. By having CSH2 in a wrapper, am I right in assuming that the tax complexities of holding CSH2 so far are largely irrelevant.

I do realise that the returns on CSH2 have been reasonable over the last 2 years. However these returns look like reducing. I know that the old adage is "do not try to time the market" but if there is a market downturn I will be tempted to sell some CSH2 and replace it with more risk ie. equities.

masonic

where_are_we said:

I was aware of Amundi taking over Lyxor ETF`s and have invested in CSH2 as part of my SIPP and my ISA over the last 2 years. By having CSH2 in a wrapper, am I right in assuming that the tax complexities of holding CSH2 so far are largely irrelevant.

I do realise that the returns on CSH2 have been reasonable over the last 2 years. However these returns look like reducing. I know that the old adage is "do not try to time the market" but if there is a market downturn I will be tempted to sell some CSH2 and replace it with more risk ie. equities.

Yes, within ISA or SIPP you can ignore these complexities. SONIA follows the BoE base rate pretty closely, so returns have already started coming down.

I have some rebalancing rules that will see me increase my % equities should this correction turn into a full blown crash or severe crash. Though the alternative is to switch into a longer duration bond fund when there is more appreciable duration premium. I've already done a little of this with individual gilts when gilt yields peaked earlier this year.