Advantages: tracks ftse uk index,low charges, spread risk , can be ISA'd Disadvantages: covers all sectors, can miss out on sector over performance
...So where to look? Well Fidelity Moneybuilder Index Fund fits the bill for me. It is available from Fidelity's Funds Network which is a supermarket of investment funds with over 950 different funds from 55 fund managers.
Fidelity Moneybuilder UK index
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Aims to track the FTSE all share index which means it invests in the Large FTSE 100 companies down to smaller companies in the main market, but not AIM market ... ...Now this is where Fidelity score over the competition.
There is no initial charge on ISA and ISA/PEP transfers or non ISA holdings.
The annual management charge is 0.10% with a total expense ratio of 0.30% compare that to the Virgin UK Index with has a charge of 1%
There are no exit fees to pay.
How to Invest
You can apply online:- fidelity.co.uk/track
or by phone :- 0800 22 25 20 9am-8pm 7 days
Online the site navigates very easily , you ...
getscenic 02.04.2006
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