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 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.
Attention, this is the first review from this author
Instead of giving a negative rating, consider:
Help this member by giving your advice
Report fraud (for example plagiarism) or other issue with the review to the Ciao support team
Add your comment
|Rating of sector performance/potential|
|Quality of fund management|
|Competitiveness of charges/costs|
|Predicted performance in the future|
Author's newest reviews
Virgin Direct UK Index...