ITs are not index trackers - they are actively managed.Also a lot of people are drawn to ETFs for their passive strategy and I find it hard to learn if some Investment Trusts are passive or passive-like.
My understanding is that UK investment trusts fall under regular CGT+income tax?
Should you split funds between multiple global equity trusts so as to not put all your eggs in one basket?
Your understanding is correct.My understanding is that UK investment trusts fall under regular CGT+income tax?
It depends what you are trying to achieve. Foreign & Colonial, for example, holds positions in more than 500 companies, across 35 countries, so it's already highly diversified.Should you split funds between multiple global equity trusts so as to not put all your eggs in one basket?
According to the FRCL KID document the OCF is actually 1.2%
The vanguard world equity fund has a TER of 0.1% add to that the 15% tax credit available on US dividend income under the tax treaty means staying with US ETFs makes more sense for a lot of people
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