Dear all,
I'm new to passive investing. I've made an account with A.J. Bell.
I'm looking to invest in a global index fund for the long-term. The # 1 issue is cost.
I went on A.J. Bell's fund screener and had a look for low-cost global index funds.
But, the lowest cost fund there that I could find (Baillie Gifford Rspnb Glb Eq Inc B Acc) still charges : 0.53% , which seems like a lot.
This has only 3 stars on Morningstar, which is making me somewhat wary of it. But, the 5 star-rated funds on Morningstar, like TB Guinness Global Equity Inc Y GBP Acc , has a charge of 0.79% .
Can someone explain the difference between these, and why one is higher-rated than the other?
Sorry for this ignorant question. :\ Thank you in advance to everyone who replies!
-V
I'm new to passive investing. I've made an account with A.J. Bell.
I'm looking to invest in a global index fund for the long-term. The # 1 issue is cost.
I went on A.J. Bell's fund screener and had a look for low-cost global index funds.
But, the lowest cost fund there that I could find (Baillie Gifford Rspnb Glb Eq Inc B Acc) still charges : 0.53% , which seems like a lot.
This has only 3 stars on Morningstar, which is making me somewhat wary of it. But, the 5 star-rated funds on Morningstar, like TB Guinness Global Equity Inc Y GBP Acc , has a charge of 0.79% .
Can someone explain the difference between these, and why one is higher-rated than the other?
Sorry for this ignorant question. :\ Thank you in advance to everyone who replies!
-V