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MFM iFunds ETF Commodity Fund sounds good

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  • jon3001
    jon3001 Posts: 890 Forumite
    THENOX wrote: »
    Hmm, but if they are they would have been corrected so far, I've found them on a couple of different servers (including brokers and sources) + they have certain value + on that day they had to have been traded at certain price + I have never seen something similar (I haven't seen much but still :-)

    The data is for 'indication only' and not guaranteed in any way. Who's gonna bother updating a few glitches in what will be a mind-boggling amount of price data over many thousands of securities. I strongly doubt any trades went through at those prices.
    THENOX wrote: »
    BTW: I've just spent about 7h researching whether to go for investment funds through HL or etfs through e*Trade for my S&S ISA need to decide today as the deadline is coming. Any suggestion will help!.:-)

    You've only got limited time which isn't ideal. Choose an asset split and pick index funds or ETFs to cover those sectors unless you've managed to research suitable alternatives. I believe HL will allow you fund your account with cash pending investment if you need time to defer the decisions.

    As far as ETFs vs funds go you have to look at the trading costs (initial and annual rebalancing) and AMCs and see which is the most cost effective. Alternatively you may prefer the fund provider because of the wider investment choice.
  • THENOX
    THENOX Posts: 118 Forumite
    Part of the Furniture 10 Posts Name Dropper Combo Breaker
    Even LSE shows the same patterns, there must have been the price for that day and if it was (trading price) it would be reflected on the graph... -I'm really confused...

    Regarding ISA: I didn't leave this till last moment I was researching it for the last two weeks (just decided on HL as them are the best for funds) and suddenly while going through incademy I've found out about ETFs traded through the broker (so thought about S&S ISA in E*Trade as they to have the cheapest one). But now I can't decide between the two really good options as they both have advantages (like unlimited by price number of trades in HL [regarding single price investment funds] ) and lower inside charges of ETF's (so possibly higher growth in asset value to Investment Fund).

    I'm really puzzled...

    Heeeeeeeeelp!!! :confused:
  • jon3001
    jon3001 Posts: 890 Forumite
    THENOX wrote: »
    Even LSE shows the same patterns, there must have been the price for that day and if it was (trading price) it would be reflected on the graph... -I'm really confused...

    Then I'd ask the LSE. BTW - where do you think everyone else ultimately gets the data from?
    THENOX wrote: »
    Regarding ISA: I didn't leave this till last moment I was researching it for the last two weeks (just decided on HL as them are the best for funds) and suddenly while going through incademy I've found out about ETFs traded through the broker (so thought about S&S ISA in E*Trade as they to have the cheapest one). But now I can't decide between the two really good options as they both have advantages (like unlimited by price number of trades in HL [regarding single price investment funds] ) and lower inside charges of ETF's (so possibly higher growth in asset value to Investment Fund).

    Sounds like you're going to want to move the money around different funds sooner rather than later. Especially as a new investor trying different strategies. HL would work out cheaper. ETFs are better for long-term holdings that are traded infrequently and bought in cost-effective blocks.
  • munk
    munk Posts: 993 Forumite
    I would go for HL if you're going to be trading on the funds fairly often - /me like a kid in a sweetshop at HL :rotfl:

    (By the way has anyone ever been warned for overtrading on HL!? wombie?! )

    :)

    Like jon3001 says though, you can always drop your ISA allowance into your 'cash account' on your HL S&S ISA account whilst you're making your mind up and then not worry if the April deadline comes and goes.
  • THENOX
    THENOX Posts: 118 Forumite
    Part of the Furniture 10 Posts Name Dropper Combo Breaker
    I've just found the anti-icicle (didn't know that gravity could allow that!) in two Lyxor products -strange them are. But you're right I need to contact LSE about that -if it is a bug I won't me concerned anymore if it is 4real it's something to watch for.

    True HL is a wonderful service (as far as I'm concerned) but the cheapest way regarding investment funds in ISA, their share option is much more expensive.

    I've just carried a bit of comparsions between good funds and etc's (by Lyxor and iShares [LON in GBX]) and the case is that it averaged to 0: sometimes you're better of paying all the charges in IF whereas in different sector them are correlated but etf is easily couple of percents above best funds.

    With averaging to 0 (read: matter of luck :-) it all becomes about charges:

    Two ISAs (right away) so on: L14000:
    HL actually only: L250/y in rolled management charges (if front load refunded + single price fund chosen) vs: E*Trade: L30/year (one for all ISAs) + 0.2% (!) to 0.7% lets say: L85/y + spreads: lets say L20 + dealings: L9 per deal (no stamp duty to add to etfs). so: L250 - 135 = ~L120 / ~L10 = 12/y trades included in the price difference
    Problem is that I don't know whether this will be enough to manage portfolio.

    Something tells me that this will lead to not enough diversification and putting to many assets into too few etf which might be no good especially in that market conditions + reluctance to take losses (and even gains) as every operation will incur additional charge => possibly deadly mixture. :eek:

    But the problem is that I have lump sum of: 30k so can put in one go + my final aim is (successful) spread betting on indexes (quite ambitious :D) to which the funds knowledge is irrelevant just unlike etfs. But on the other hand trying to skip one stage and starting learning on my mistakes with my own money can be really painful.

    I hope you see why I'm so confused... :confused:

    Cheers for any comment.
  • Hi,

    I've been thinking about an ETF / ETC in my S&S ISA wrapper for a few weeks, specifically something along the lines of either BRIC, Precious Metals, or Agriculture (livestock/"softs"), but haven't got round to doing anything about it yet.

    I can't get the EU/UK iShares website to load up - I'm not sure if it's their problem or mine.

    I'm not the sort of person who will be chopping and changing investments every five minutes; I don't think that's necessarily the best way to benefit from ETF/Cs anyway.

    My questions are:
    1) Where's the easiest & cheapest way to make the investments? (one for my wife and one for me)

    2) Given my intentions, is there something else that I should be considering ahead of ETF/Cs?

    Time is of the essence due to work commitments, so I'd be very grateful of some concise thoughts and pointers.

    Many thanks in advance to anyone who can spare me a minute with their thoughts.
  • shokadelika
    shokadelika Posts: 364 Forumite
    Managers update for the MFM Ifunds fund for march.Must say the fund performed well during the commodities sell off several days ago.Weighting have been changed within the fund.

    http://www.ifunds.eu.com/funds/commodity-fact
    Are U getting enough Vitamin D in your life!?
  • wombat42_2
    wombat42_2 Posts: 1,312 Forumite
    Managers update for the MFM Ifunds fund for march.Must say the fund performed well during the commodities sell off several days ago.Weighting have been changed within the fund.

    http://www.ifunds.eu.com/funds/commodity-fact

    I think the top allocation at 16.3% (ABN AMRO ALTERNATIVE INVESTMENT FUND MARKET ACC) is a hedge fund.
  • meinnit
    meinnit Posts: 929 Forumite
    Part of the Furniture 500 Posts Name Dropper Combo Breaker
    Anyone know why Agriculture ETFS dropped almost 50% earlier today and made a speedy recovery?

    chart_image?finance_chart=1&&action=charts&average%5Fflag=M&chart%5Faction=chart%5Fdraw&chart%5Fannotations=none&chart%5Fmoving%5Faverage%5F1%5Ftype=none&chart%5Fmoving%5Faverage%5F2%5Ftype=none&chart%5Fmoving%5Faverage%5F3%5Ftype=none&chart%5Fprimary%5Fticker=LSE%3AAGAP&chart%5Ftime%5Fperiod=1%5Fday&co%5Fdimension%5Eheight=360&co%5Fdimension%5Ewidth=590&csi=778470&finance%5Fchart=1&fixed%5Fticker=1&intraday%5Fprices=1&intraday%5Ftrades=1&primary%5Fchart%5Ftype=stack%5Fline&show%5Fmin%5Fmax%5Fpoints=1&stock%5Fexchange%5Fid=1&co_dimension%5Ewidth=590&hide_volume=&plot_colour=&canvas_colour=&&co_dimension%5Eheight=360
  • purch
    purch Posts: 9,865 Forumite
    Agriculture ETFS dropped almost 50% earlier today

    They didn't

    The only prices that count are the prices at which any security or instrument actually trades, which are prices made by market makers.

    Indication prices, such as those shown on the chart you link to, are irrelevant.

    There could be lots of reasons why those incorrect prices are entered into the Stock Exchange system, but they are almost certainly NOT Trading Prices, and no trades would have gone through at those levels.
    'In nature, there are neither rewards nor punishments - there are Consequences.'
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