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Stocks and Shares ISA Automatic Reinvestment
Comments
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Yes, ACC.0
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There you go; rather than being paid out to HL to invest in new units, any income is being reinvested within the funds themselves.chewthecarpet said:Yes, ACC.0 -
Inc units pay the income out and when you reinvest the income, it buys more unitschewthecarpet said:Yes, ACC.
Acc units retain the income within the fund and increase the unit price pro-rata.
So, you end up with a situation a bit like
5x2 vs 2x5. i.e. one with more units but lower unit price vs less units with higher unit price but both being the same value.
I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
OK, so not so bad then! Thank you.0
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