FundsNetwork - Which Companies Can I Invest Into?

A choice of 65 leading fund managers and over 1,100 different funds are available through FundsNetwork. Most funds carry the Seymour Sinclair Investments discount of usually between 3.5 - 5.25% on ISA’s and 2 - 4.5% on Unit Trusts & OEICs.

The launch of fund supermarkets, such as the Fidelity's FundsNetwork, has brought major benefits for UK investors. For the first time, for instance, ISAs can be created using different funds from a variety of the top fund management houses.

Fund supermarkets have many advantages over single company plans. Investors are able to invest into an ISA using numerous funds from different fund managers. With Fundsnetwork you can spread your investments and benefit from the strengths that different fund managers offer. For instance you could invest your ISA allowance into a number of different funds with various fund managers through FundsNetwork at no additional cost and receive the full discounts we offer on these funds.

The benefits of this type of diversification are clear in allowing more tailored ISAs to be created, featuring "best of breed" fund combinations. And with a supermarket, all this is now available from a single provider, meaning just one application process. By exploiting new technology, FundsNetwork can offer all this, without any extra charges and what’s more, to switch between companies and funds will only cost 0.25% rather than the 5% many companies charge.

Fund supermarkets are here to stay and have become more and more popular with investors. In a short space of time they have forged themselves a privileged position in the financial services landscape. They have also won the acclaim of Independent Financial Advisers, and we like many of our competitors embrace the concept of fund supermarkets. In the space of just a few years, fund supermarkets have gained recognition amongst many investors with their array of funds, in-depth research information and investment options, such as easy fund switching and valuation facilities.

There has been a massive increase in the use in investment supermarkets. For instance, Fidelity's FundsNetwork received over £2million of ISA business in the final hour before the end of last tax year.

We now believe that the best way to buy funds is via a Fund Supermarket and the one that we suggest FundsNetwork. There is absolutely no additional cost in using either of these two fund supermarkets and they provide you with so much more flexibility than by just choosing one company. Firstly, you will only receive one valuation statement showing all your investments through them and switching investments between the various companies and funds are done instantly rather than the current ISA transfer process that can take anything up to four weeks.

What is FundsNetwork?

FundsNetwork is an investment supermarket provided by Fidelity, which offers Investors access to over 1,100 funds from 60 leading investment providers both inside and outside of an ISA. FundsNetwork can be used to house an entire investment portfolio including ISAs, PEPs and investments directly into any of the funds. The benefits to this are obvious:

Fantastic choice 

One of the many advantages of FundsNetwork is the choice it offers.  You can hold as many funds as you like, from any of the companies they have teamed up with or Fidelity itself, all in one account. No longer are investors tied to one company and their funds - here you choose what suits you best, to create your own portfolio.
 

Funds Network ISA

The FundsNetwork ISA enables investors to access the country's leading Fund Managers and their funds through the convenience of one ISA. Most fund managers offer their own ISAs that are limited to their own funds. The FundsNetwork ISA does not have this restriction.

Subject to contribution limits, you can choose which ISA fund(s) you wish to invest in from the wide range on offer in the fund-market, giving you much greater choice and flexibility.

By having many funds from various Fund Managers under one ISA Manager, you can move your investments between fund managers within your ISA easily and quickly. FundsNetwork will contact the Fund Manager and carry out your instructions on your behalf, saving you time and effort. As your investment remains within the FundsNetwork ISA wrapper, the paperwork is minimal. 

BENEFITS OF USING A FUND SUPERMARKET

#              One cheque                                                         

#              Consolidated funds, statements and valuations

#              One simple paper-based application form   

#              Ability to select leading funds from different Fund Managers

#              One consolidated valuation statement                          

#              Easy and cheaper switching between funds and managers

#              Wide choice of funds                                         

#          Putting together your own Portfolio from a choice of over 1,100 funds

SEYMOUR SINCLAIR DISCOUNTS – When using FundsNetwork the Seymour Sinclair Bonus will be given as a discount off the unit price rather than as a cash-back. The discounts we give on most funds are the same whether you invest via a fund supermarket or direct through ourselves into the company of your choice. There are some nil initial charge ISAs, such as those offered by L&G, M&G and Norwich Union, with these funds we are only able to give cash-backs and only if invested into outside a supermarket. When investing with FundsNetwork it is important that you complete the fund code on the application form. If this is not completed it will be taken that the investment code is accumulation rather than Income units.

THERE ARE NO ADDITIONAL CHARGES WHEN USING FUNDSNETWORK. THE ONLY CHARGES ARE THE NORMAL ONES MADE BY THE INVESTMENT COMPANIES AND THESE ARE REDUCED BY THE SEYMOUR SINCLAIR DISCOUNTS THAT APPLY FOR ALL FUNDSNETWORK FUNDS.