Virgin Direct UK Index Tracking Trust

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Virgin Direct UK Index Tracking Trust

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93% positive

5 reviews from the community

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Review of "Virgin Direct UK Index Tracking Trust"

published 21/03/2007 | travellingduo
Member since : 20/02/2007
Reviews : 1
Members who trust : 0
About me :
Pro they're not bad but far from the best
Cons very expensive management charges
somewhat helpful
Short-term performance
Long-term performance
Rating of sector performance/potential
Quality of fund management
Competitiveness of charges/costs

"Virgin Direct UK Index tracker too expensive"

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 if yours isn't performing well or has high management charges (over 0.53%) why not take your funds elsewhere? Consider M& G, Legal & General, F&C (although there performance is variable). A bit of research could pay huge dividends, particularly over the long term.

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somewhat helpful

Comments on this review

  • Bens__mummy published 22/03/2007
    As below
  • Dudo_Perudo published 21/03/2007
    Welcome to Ciao. If you could provide more detail and make it more reader friendly...maybe take a couple of pointers off other reviewers work and update then you will get a higher rating. If you do edit then get back to me and I will re-rate. Also a good idea to rate others work...will ake it more likely that they visit your reviews now and in the future. Terry
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Product Information : Virgin Direct UK Index Tracking Trust

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Listed on Ciao since: 15/08/2000