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Virgin Direct UK Index tracker too expensive

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2 Mar 21st, 2007 

5 Ciao members have rated this review on average: somewhat helpful

Advantages:
they're not bad but far from the best

Disadvantages:
very expensive management charges

Recommendable No:

Detailed rating:

Short-term performance

Long-term performance

Rating of sector performance/potential

Quality of fund management

Competitiveness of charges/costs

travellingduo

travellingduo

About me:

Member since:20.02.2007

Reviews:1

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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Comments about this review »

Bens__mummy 22.03.2007 15:07

As below

Dudo_Perudo 21.03.2007 23:56

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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