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What are the advantages of trading through a fund supermarket?
A:
Funds are often available at a discount to their standard charges and a very wide choice of funds is normally available, from an extensive list of fund management groups. There is typically be in excess of 700 funds to choose from. There are often fu
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Can my ISA portfolio include funds from more than one fund supermarket?
A:
No. In order to satisfy HM Revenue & Customs requirements, you may only open an ISA with one supermarket as your account manager per tax year.
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What are the main benefits of using the Wealth Management-Online Fund Supermarket?
A:
A summary of the main benefits is provided below: - • The ability to consolidate your holdings into one place in an efficient and cost effective way. • Access to wide range of investment products and funds at reduced cost. • Access to well researched
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What exactly is a fund supermarket?
A:
A fund supermarket is an account management company that administers funds within ISA & PEP plans as well as holdings outside these wrappers.
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What is the difference between a supermarket ISA or PEP and one bought directly from a fund manager?
A:
The supermarket allows you to invest in the funds of any one, or more than one, of the 55 fund managers offered. With a fund manager as the ISA provider, you would only be allowed to invest in their range of funds, not in the funds of any other fund
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What is the minimum investment in a Supermarket Fund?
A:
The minimum initial investment is £500 per fund. After that, there is no minimum investment in the fund.
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What is a fund supermarket?
A:
This is where a provider makes available a selection of unit trusts and OEICs managed by more than one fund manager in one investment account. For example Interactive Investors Fund Supermarket has over 400 funds which are provided by 24 of the leadi
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