That platform sounds great, so essentially it's £100 to open, I fund it with 20k, buy HSBC fund that costs £5, then as long as I don't do anything for a year I can sit tight until next year's ISA allowance, fund 20k again and buy more HSBC (assuming I still want that fund at that time) and it's £5?
I think basic can have its advantages, less risk of being a hawk and tracking things daily which I reckon is a bad idea mentally! On that platform there are a few HSBC options, how do I find the one I've been describing here for the global 60:40 fund please? And when I sign up do I just search the same way and press buy?
Yes when people talk about 'funds' in this context, they usually mean mutual funds, or more accurately in Europe OEIC's .
unlike ETFs (and Investment Trusts) which have a fixed number in issue.Thanks. As I understand it, if no investor in an ETF will sell any of their units, and other investors want to buy that ETF, then ‘authorised participants’ go into the market and buy some shares of all companies held by the ETF, lump them together in the proportions of the ETF, so that these new ‘units’ are available to be bought by other investors. This means that despite the demand, and no supply, we don’t see a rise in the price of the units beyond their nett asset value. No price premium of discount.https://www.investopedia.com/terms/c/creationunit.aspThus, ETF’s wouldn’t have a fixed number on issue.
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