INVESTMENT CLINIC: How do we review an investment statement?

Holly Black For Money Mail

Published:
07:13 GMT, 2 Sep 2015

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Updated:
09:33 GMT, 2 Sep 2015

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I have investments and any year am sent a matter surveying their performance, though have no thought how good they’ve done. How can we tell?

J. C., by email

Investment statement: The best approach to decider if a supports have finished good is to review them with their rivals

Holly Black, of Money Mail, replies: You are invested in a preference of funds, so a best approach to decider if they are portion we good is to review them with their rivals.

Let us take for an instance a LG UK Select Equity account in that we have money.

The best place to start is on a latest factsheet.

Using a account research website, such as This is Money’s account centre or Trustnet, is really helpful, too.

The account is in a UK All Companies sector, that has 282 supports in it. Over a year, your account is ranked 192nd; over 3 years it is 163rd, so it’s holding solid in a center of a group.

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Over a past year a account is down 2.5 per cent. But a normal for a zone is a lapse of 1.2 per cent. Over 3 years it has returned 31.6 per cent, compared with an normal 36.5 pc among a rivals. So it is underperforming a bit.

If we have an income fund, we should also review a produce that it produces.

Further pivotal information we will see on a factsheet any month is a explanation from a account manager. This is value reading for a discernment into his plan — if we remonstrate with it maybe we shouldn’t deposit with him!

The factsheet will also uncover in that companies a account is investing and how a income is split. This account has 11 per cent in banks, 10 per cent in oil and gas firms and about 8 per cent in curative companies. Its biggest investments embody BP, HSBC, AstraZeneca and British American Tobacco.

You can see afterwards that it is heavily shabby by what a FTSE 100 is doing, so a opening of a UK batch marketplace will give we an denote of what’s going on inside your fund.

You also ask how most we are being charged for investing in a fund. This depends on how we bought it. As we have hold your investments for some time, it is expected we bought them directly by LG or a financial adviser. So we were substantially charged a 5 per cent price true away.

The annual price should be listed on your statement. If we invested by account supermarket Hargreaves Lansdown, for example, a annual assign is 0.56 per cent. It is customarily deducted from a earnings a account has made.

If we have an investment question, get in hold during h.black@dailymail.co.uk or write to us during Investment Clinic, Money Mail, Northcliffe House, Derry Street, London W8 5TT.