Hargreaves Lansdown has highlighted three tracker funds for ISA investors as the tax year end fast approaches.
HL Passive Investment Manager Adam Laird said: “Tracker funds are probably the most straightforward investment for a Stocks and Shares ISA. In one trade you can buy a whole portfolio. Because they track an index there is no risk of choosing a failing fund manager.
“Trackers are growing from strength to strength. 2015 was a record year I expect to see more records broken in 2016. Recent volatility has created buying opportunities – markets are down 20% from their peak, this could be a good entry point for a long term investor.”
Top Tracker Funds in Hargreaves Lansdown’s Stocks and Shares ISA:
Legal & General UK Index
A one-stop shop for UK shares. Tracking the FTSE All Share index, this fund covers over 600 large, medium and small companies. Legal & General team have a straightforward approach and this fund has tracked accurately.
HSBC FTSE 250 Index
For more adventurous investors, the FTSE 250 covers mid and smaller companies. These companies are “more British” than larger shares which tend to be multinational. The FTSE 250 has been the top UK index for most of the last 15 years.
Legal & General US Index
The US is a top market for tracker fund investors, as most active managers fail here. It’s a major market and the USA still looks economically strong. This fund tracks the FTSE USA index, covering over 600 shares including many global leading companies.
