New HL MM fund

eskbanker

https://forums.moneysavingexpert.com/discussion/comment/82178601#Comment_82178601

Missing a 'not' in the middle of that first sentence?

Albermarle

https://forums.moneysavingexpert.com/discussion/comment/82178607#Comment_82178607

Yes, now edited.

ColdIron

https://forums.moneysavingexpert.com/discussion/comment/82178603#Comment_82178603

£1.95 to buy and sell OEICs since March this year

https://www.hl.co.uk/investment-services/isa/savings-interest-rates-and-charges

Section62

https://forums.moneysavingexpert.com/discussion/comment/82178610#Comment_82178610

That's what I thought too, but based on Albermarle's post I just tried a test purchase and when I got to the confirmation page no dealing fee was going to be added.

The factsheet page also shows the HL Dealing charge as £0.00

https://www.hl.co.uk/funds/fund-discounts%2C-prices--and--factsheets/search-results/h/hl-money-market-fund-class-a-accumulation

This is news to me as I thought all "funds" were subject to the £1.95 fee for one-off transactions.

ColdIron

Ah yes, it's an in-house fund, ta

artyboy

https://forums.moneysavingexpert.com/discussion/comment/82178603#Comment_82178603

Just the teensy weensy 0.35% holding charge then 😁

EdSwippet

The launch blurb here includes HL's now-trademark attempt to market selling you £1 worth of stuff for £1 as a benefit. Economically neutral, yet presented as if a financial advantage. They do this at every fund launch, and it always grates.

New fund launch. £1 per unit fixed offer price until the end of the offer period on 4th November 2026 (may close early).

. Order by 11.59 pm on 3 November 2026 to receive the £1 per unit fixed offer price (unit price variable after this period).

. When the fund goes live on 4 November, your purchase will be finalised at the offer price and will appear in your account.

. You can invest lump sums from £100. Direct Debit investments (from £25 per month) are available but will not be valid to receive the £1 fixed offer price.

GeoffTF

https://forums.moneysavingexpert.com/discussion/comment/82178120#Comment_82178120

One swallow does not make a summer, but the global equity index has fallen over the last week and the global bond index (hedged in GBP) has risen.

GeoffTF

Yeah, the reputation of bond funds as being classic defensives has certainly taken a battering over the past few years!

That was not the first period of high inflation. There were historical precedents. Outside those periods (the majority of the time), bonds were a good hedge for equities.

artyboy

https://forums.moneysavingexpert.com/discussion/comment/82178834#Comment_82178834

Yes, but funnily enough, people tend to remember more recent events first.