Investing in a fund within a S&S ISA

[ColuGav]

Hi,

I have been looking at investing in a fund of some variety within an ISA wrapper.

I am just a little bit confused as to how the charges work.

If for example I pick this fund (http://www.hl.co.uk/funds/fund-discounts,-prices--and--factsheets/search-results/i/invesco-perpetual-high-income-accumulation) at HL. What charges will apply.

I understand the funds initial charge will be 0 as there is a discount on the initial fee through HL.

The fund managers annual charge is reduced from 1.5% to 1.25%.

So is that + Fund manager's other expenses @ 0.19% the total charges?

1.44% overall?

Hope that makes sense.

Gav

[Condi]

Yep, 1.44% I think?

[GrizzlyBear]

I have a quick question, if I invest in say a Euro fund, does that mean I am not only taking investment risk (that the fund manager doesn't know what he is doing). Also taking currency risk, that if the assets are denominated in Euros and the euro falls Vs GBP, I could still lose money even if the assets in the fund perform OK?

[Jockman]

GrizzlyBear said:

I have a quick question, if I invest in say a Euro fund, does that mean I am not only taking investment risk (that the fund manager doesn't know what he is doing). Also taking currency risk, that if the assets are denominated in Euros and the euro falls Vs GBP, I could still lose money even if the assets in the fund perform OK?

Yup.

But currency is a bit like my mate George.....it can go both ways

[GrizzlyBear]

Jockman said:

GrizzlyBear said:

I have a quick question, if I invest in say a Euro fund, does that mean I am not only taking investment risk (that the fund manager doesn't know what he is doing). Also taking currency risk, that if the assets are denominated in Euros and the euro falls Vs GBP, I could still lose money even if the assets in the fund perform OK?

Yup.

But currency is a bit like my mate George.....it can go both ways

Chears for that, just wanted to make sure I fully understand the risks I am taking.