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Money market ETF recommendation
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a03b
Posts: 12 Forumite

Hello, I topped up my 20k allowance on my Barclays Smart Investor ISA.
Now I need to invest this. I do not want exposure to stocks as I have plenty. Can you recommend me a low fee money market fund that will basically earn me the risk-free rate? I don't want to get REKT by fees though
Many thanks
Now I need to invest this. I do not want exposure to stocks as I have plenty. Can you recommend me a low fee money market fund that will basically earn me the risk-free rate? I don't want to get REKT by fees though
Many thanks
0
Comments
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Royal London Short Term Money Market Fund
is a good choice.
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If you don't want to get hit by fees I suggest moving to a different platform.
Barclays looks like charges are 0.25% pa and £6 per trade.
Not a recommendation but you could look at Invest engine or Trading 212, probably others also0 -
Beddie said:Royal London Short Term Money Market Fund
is a good choice.
The latter is an ETF and has a slightly lower charge (0.07% versus 0.10%).
I'd second not using Barclays for this. I've use InvestEngine and have some of my ISA in CSH2.0 -
Royal London Short Term Money Market Fund seems to have the best reputation as an OEIC, although there's little between the top few. CSH2 tends to win for ETFs; the spread varies during the day, sometimes going over 0.10%, regularly being 0.03% and sometimes being as low as 0.01%.0
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IWeb are popular on here. They are owned by Lloyds Banking group, don't charge account fees and it is just £5 for a trade.0
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Fidelity Cash ( class w ). An oeic, but one of the few cash funds paying out monthly rather than quarterly or bi yearly. Current distribution yield just under 5%.0
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poseidon1 said:Fidelity Cash ( class w ). An oeic, but one of the few cash funds paying out monthly rather than quarterly or bi yearly. Current distribution yield just under 5%.0
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ISA is obv tax free. How is the income/gain treated outside a wrapper on these?0
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MMF are not risk free.
If you want risk free savings, stick to savings products, not investment products.0 -
Notepad_Phil said:poseidon1 said:Fidelity Cash ( class w ). An oeic, but one of the few cash funds paying out monthly rather than quarterly or bi yearly. Current distribution yield just under 5%.0
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