tracker fund charges
is .27% daily --total costs for fund good value?
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212SoftwareBear posteda 1% per annum charge comes in at 1/365 % = 0.0027% per day
0.27% per day equates to a 100% charge per annum.
Did you just miss some zero's out ... or is someone really offering you this 'deal' ?
Or am I misunderstanding something ?
Posted on 11 February 2010 |
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7compound200 posted
https://www.fidelity.co.uk/investor/research-funds/fund-supermarket/factsheet/fees.page?idtype=ISIN&fundid=GB0003875324&UserChannel=Direct
Posted on 11 February 2010 | Love 0 loves
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212SoftwareBear posted
It's 0.27% per annum ... not daily.
Posted on 11 February 2010 | Love 0 loves
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7compound200 posted
on phone he said --charges .27% were worked out daily--must of heard wrong.
is it a good deal
Posted on 11 February 2010 | Love 0 loves
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212SoftwareBear posted
no they do what I did in the calc above ... calculate 0.27% on the balance that day then divide it by 365.25 probably being the number of days a year ...
But it is 0.27% per annum ... calculated daily.
As to how good it is ... ISA's are not supposed to be more than 1% pa charges ... so it's well under that ... but as to how it compares to others I don't know.
Posted on 11 February 2010 | Love 0 loves
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7compound200 posted
does this fund give dividends/where u re-invest
looked on a site--said dividends 0
sorry for asking so many questions
im looking for a fund over next 5 years to provide growth for large deposit--flat
thx
Posted on 11 February 2010 | Love 0 loves
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804MikeGG1 posted
It is not the cheapest around but it is quite reasonably priced.
5 years is the minimum term that I would suggest for equity investment because of the peaks and troughs that do occur.
If you are saving for a few years for a deposit get accumulation units if possible so that dividends are re-invested automatically.
Mike
Posted on 11 February 2010 | Love 0 loves
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7compound200 posted
mike
whats accumulation units?
what type of fund
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804MikeGG1 posted
Units come in 2 types. Distribution units which pay out the dividends which arise and Accumulation units which retain the dividends and increase the capital value.
Preferably, investments should be held within an ISA so that you can sell in a hurry without worrying about Capital Gains Tax.
Mike
Posted on 11 February 2010 | Love 0 loves
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