From: Guttorm Christensen 
Newsgroups: uk.finance
Subject: ISA tracker fund where commissions are refunded
Date: Wed, 24 Nov 2004 22:06:18 GMT

Hi

I have opted not to participate in the work pension scheme for a
variety of reasons, so I am looking for a good place to regularly put
aside a few hundred pounds a month.

My time horizon is 5-10 years plus. So in that respect asset
allocation is down to equity - I want the entire monthly amount to go
into a high risk/reward investment.

Further, I have become disillusioned with managed funds, and I do not
see that they consistenly over time provide 'value for money' compared
to their charges.

So in short I have narrowed the candidates down to index / tracker
funds.

Further, having maxed out my mini Cash ISA for this tax year, I want
to put this monthly saving within an ISA wrapper. It is my
understanding that it is OK to have several mini ISAs (I have got one
(mini Cash ISA) already), and I don't expect to put aside more than
£250 PCM.

I have previously 'subscribed' to Intelligent Money  - a service where they act as your
'financial adviser' and pay you back the commissions and IFA would
otherwise receive from the fund in which you invest [1]


My key questions are therefore;

1. Are there any good web resources that allows you to filter ISA
funds that are in effect trackers? (Have tried FT Your Money and
Motley Fool with little joy)

2. Can any of you competent people out there point me in the direction
of any suitable candidates that I might want to examine closer? [2]

So far I have had a look at 'Allianz Dresdner UK Index Fund A Acc'
that I found through Fidelity's 'Fundsnetwork' at .


My current portfolio is heavily weighted in cash (about 70%) and
commercial property through New Star .

I might consider also moving some into a 'natural resources' fund.


Any input much appreciated!

--
Guttorm


[1] I have done the sums and the £35 annual fee does in fact work out
for me

[2] I appreciate that any advise is worth exactly what I am paying for
it - nothing