Thoughts on HL Select Global Growth Shares Fund 33 Holdings

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neildt
neildt Posts: 59 Forumite
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in Savings & investments
Now HL have launched Select Global Growth Shares Fund, what are peoples thoughts on the 33 holdings in this fund. What reasons would you give for not investing in this fund.

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  • foofi22
    foofi22 Posts: 2,199 Forumite
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    I haven't looked at the fund but I'd imagine it is:
    - not diversified enough for a global fund
    - too expensive


    Other (and probably better) options are available
  • Albermarle
    Albermarle Posts: 22,395 Forumite
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    Actually the charge of 0.6% is not too bad , but then of course you have HL's relatively high platform charge on top,

    Somewhat ridiculously it says the initial charge for investing is 3% but then HL discount this by 3% .
  • jamei305
    jamei305 Posts: 635 Forumite
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    Albermarle wrote: »
    Actually the charge of 0.6% is not too bad , but then of course you have HL's relatively high platform charge on top,

    0.6% + 0.45% =1.05% which is coincidentally identical to Fundsmith's T-class charge for direct investment.
  • cogito
    cogito Posts: 4,898 Forumite
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    It's a decent enough selection with no banks, extraction industries, tobacco or emerging markets. A bit too many FAANGS for my liking.

    I already have many of the companies in my Fundsmith, LTGE AND Smithson holdings and don’t need more so won’t be investing. Besides I refuse pay the HL platform charge and couldn’t buy it anywhere else.
  • Prism
    Prism Posts: 3,804 Forumite
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    It looks pretty decent to me, but I have other options I prefer. You could say it is a bit tech heavy and seems unfocused. Its two main competitors have very specific themes to them (LTGE defensive with great brands and Fundsmith defensive with great return on capital)

    Also the manager is a bit untested with a global fund but that not necessarily a problem.
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