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Call Richard Cook: 07770 575 122

email: richard@theinvestmentandretirementcoach.co.uk

Threadneedle European Select Fund – Update

Hargreaves Lansdown issued an update on this fund on 14th Dec.

https://www.hl.co.uk/funds/research-and-news/fund-news–and–alerts/threadneedle-european-select-december-2020-fund-update 

There is a change in the management structure which HL refer to as “disappointing”. Having said that the fund remains on the Wealth Shortlist and the new management team is both experienced and well resourced.

There are four European Funds on the Wealth Shortlist all of which deserve their place and I can see no reason to suggest that any switches are necessary.

The Threadneedle European Select Fund will remain my preference for new investors looking for exposure to Europe.

If you are looking for greater diversification, perhaps because of the size of your funds, or you prefer you and your spouse to hold different funds, you may like to look at the Barings European Select Fund. This is invested differently from the Threadneedle Fund with a focus on small and medium-sized companies which can boost growth potential though at increased risk. Both funds are held in the HL Multi-Manager European fund.

It remains my guidance that clients should restrict their investments to funds in the Wealth Shortlist unless there are special circumstances, in which case they should be able to explain clearly why an exception has been made. What is more difficult is building my own shortlist of around 10/12 funds from the 70 or so funds on the HL Shortlist. That is something which I am constantly researching and for that reason, my recommended shortlist for new clients will change fairly often.

I am asked why, if I remove a fund from my recommended shortlist, I don’t recommend existing clients to switch. Firstly, the differences between funds which have gone through the HL processes are normally very small and would not justify a switch. Secondly, most clients are very happy with their basic strategy of only holding funds on the Wealth Shortlist and do not wish to be constantly switching.

I always take a very close look at new funds coming on to the Wealth Shortlist and if any are exceptional and worthy of immediate attention an update will be issued.

I hope this has been helpful. In summary, if you already hold the Threadneedle Fund there is no need to think about switching. If you would like greater diversification the Barings European Select Fund may well be worth a look. If you would like more information please phone or text me, Richard, on 07770575122, or email rhcook1943@gmail.com 

 

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 This is information and guidance about investing and saving, but not personal advice. . If you decide to invest, please make sure you read and understand the fund fact sheet first, and remember that investments can go up and down in value, so you could get back less than you put in.

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IMPORTANT INFORMATION
This document and our on going services are not personal advice. We'll give you all the help and guidance you need to make your investment and retirement decisions, but we can't advise you. If you're not sure whether you need regulated financial advice we can put you in touch with a suitably qualified and experienced regulated adviser. Because we are not regulated by the Financial Conduct Authority you will not have access to the Financial Ombudsman Service in respect of any complaints. If you use one of the "no advice" on line services to handle investment transactions they will be Regulated and you will have access to the Ombudsman and The Financial Compensation Scheme in respect of their services. The value of investments/pension plans can fall or rise depending on market performance. The Retirement Team and The Investment and Retirement Coach are trading names of Capture Success Ltd Reg No 01825075 Tel 07770575122

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