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Nationwides Target Return Fund, opinions please.
bingobango_3
Posts: 138 Forumite
What's your opinion on Nationwides Target Return Fund please? Possibly a good long term plan?
http://www.nationwide.co.uk/savingsinvestments/long-term-investments/your-investment-options/target-return-fund/default.htm
Thanks.
http://www.nationwide.co.uk/savingsinvestments/long-term-investments/your-investment-options/target-return-fund/default.htm
Thanks.
0
Comments
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Hi, bingobango,
It's a dreadful fund. It will be largely invested in cash, bonds and gilts from the look of it. The " target return " is 2.5% over the (weighted average) base rate, and is by no means guaranteed. Almost certainly not a good long term plan; for the long term, the best investment performance is provided by the stock market.
Cheerfulcat0 -
Its a cautious managed fund. Personally I avoid these like the plague. A low risk individual may be better off looking at index linked, gilts and commericial property which are all in the same risk bracket. And if required, include some equities into that portfolio.
Plus, its a bank/building society product. Another reason to avoid it.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 -
thanks for the ops,
bb0
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