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Virgin Direct UK Index tracker too expensive

Advantages: they're not bad but far from the best
Disadvantages: very expensive management charges

At 1% management charges, Virgin are very expensive. There are plenty of other UK Trackers which do the same job with charges from 0.1% - 0.5%. Why would you want to give them extra cash? I know that some others (especially the biggest banks) not only levy initial charges but also charge a massive 1.5%pa. Again they are not better at what they do. Who do you think pays for the City boys' bonuses each year? Most trackers have no intitial charges so ...

travellingduo 21.03.2007 · Read full review
Ciao members have rated this review on average: somewhat helpful
Review of Virgin Direct UK Index Tracking Trust

One time High-Flier Going Nowhere

Advantages: Rock solid company managing the fund.
Disadvantages: Abysmal growth record. Fund too large.

I bought into M&G Recovery in 1988. It was my first ever Unit Trust. Boy was I impressed with the past performance. £1000 would have grown to £69000 in the previous 25 years. I was so impressed that I started a unit trust savings scheme and kept it going for 12 years. The fund performed well in the early years but the growth was nearer to linear than exponential. This meant that each years growth was a smaller percentage than the previous year. ...
...time, which is manageable. M&G Recovery now stands at £1.4 billion pounds (5 times the average fund in that sector) and so they are bound to have difficulties trading the right sort of quantities of shares without seriously affecting the share price. I am sure that I got out at the right time and see no prospect of ever returning to the fund. Sorry to be so negative but if you are holding units in this fund, I believe you would be better transferring ...

petehall 20.09.2000 · Read full review
Ciao members have rated this review on average: very helpful
Review of M&G Recovery Fund

A fund for the long term.

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 ------------------------------------------ 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 · Read full review
Ciao members have rated this review on average: very helpful
Review of Fidelity Moneybuilder Index Fund

Murray Globakl Return Shares - A great product

Advantages: Well managed, easy withdrawl, easy to understand, good up to date web site
Disadvantages: 1% penalty for withdrawl

I can reccomend the Murray Global return Investment Trust Zero Div 25p pref shares. Murray Johnstone are a financial institution who specialise in ISA's, Unit Trusts, stocks and shares. I chose to use them as they have an excellent reputation and have consistently returned good dividends for members. I currently have two types of shares with them. This opinion is about their Murray Global return Investment Trust Zero Div 25p pref shares. Since ...
...just 6 months and it continues to grow and is forecast for a yearly growth of over 7% this year. I am very pleased with the way Murray Johnstone manages its funds and they regularly supply reports and updates to members keeping you up to date with your portfolio. ...

jonwhite 11.09.2000 · Read full review
Ciao members have rated this review on average: very helpful
Review of Murray Johnstone Ltd - Murray Global Return Investment trust

SIx Continents

Advantages: More to come
Disadvantages: economice climate

3e3eBass has transformed in recent years into a leisure company by selling its smaller pubs for £2.3bn. Its future strategy is based on expanding its hospitality businesses, mainly hotels. To reflect the fact that it is one of the world’ s largest hotel companies, with a broad geographic spread of operations, the company has changed its name to Six Continents. Its main hotel brands are Inter-Continental, Holiday Inn, Holiday Inn Express and ...
...50 per cent of operating profits. The interim results showed that the hotels operations had suffered from a slow down in the US economy and, in the UK, from the foot & mouth outbreak, which had affected profits in its London hotels. The US slowdown is continuing to have an impact and the latest data suggests that revenues per available room in the second half will be lower than last year. On a longer view, Six Continents is well placed with its ...

Virgin 03.08.2001 · Read full review
Ciao members have rated this review on average: helpful
Review of Save & Prosper UK Growth & Income Fund