Holly Mckay
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    What's the most cost effective platform I can use to invest in Investment Trusts, ETFs, tracker funds and managed funds?

    12 April 2021

    Question by Keith

    I'm hoping to open a Stocks & Shares ISA investing monthly approx. £500 to £1000. I wish to invest in Investment Trusts, ETFs, Tracker funds and managed funds. What's the most cost effective platform I can use. Keith.

    Answered by Boring Money

    Dear Keith

    Using the Boring Money research I would suggest you consider two options:

    • Vanguard who I think are the cheapest and have a very good range of ETFs and Tracker funds and also their Life Strategy range of funds caters well for differing risk attitudes. The downside hear is the limitation to Vanguard’s funds only.

    • AJ Bell YouInvest who are very good value but not quite as cheap as Vanguard, but offer access to a much wider choice of investment funds and providers in addition to Vanguard.

    When choosing a fund to use, bear in mind that unit trusts and open ended investment companies (OEICs) that are UK domiciled are protected under the Financial Services Compensation Scheme (FSCS) up to £85,000 per fund provider.

    The FSCS protection does not apply to Ireland or Luxembourg based funds for instance, nor does it apply to Investment Trusts or ETFs.

    Answered by

    Boring Money

    Here to help you understand your options and make smart money choices.

    Important stuffHolly and the team have worked in the finance industry for many years but we are not regulated to give you personal financial advice. For every story on this website about a good investment, or something which went up by 10% or made someone £200, we could also share a story about a bad investment, something which fell in value or lost someone £200. We aim to provide general information and pointers – and btw we are totally agnostic about which providers you might pick – but if you have complex affairs, want personalised advice or need specific recommendations, please look at advice pages and see if regulated digital or traditional financial advice would be the best solution for your needs. Boring Money Ltd is a limited company registered in England and Wales under registration number 09459832 and we have our registered office at 10 Lower Thames Street, London, England, EC3R 6AF.
    Risk warningAs is always the case with investing, your capital is at risk. The value of your portfolio can go down as well as up and you may get back less than you invest. Tax treatment depends on your individual circumstances and may change in the future.
    Boring Money Ltd is a limited company registered in England and Wales under registration number 09459832 and we have our registered office at 10 Lower Thames Street, London, England, EC3R 6AF.