I did have BT managed funds many years ago in a bull market my problem with these was because they where trading in and out after the tax year finished i would get a statement with capital gains/losses which had to go on my tax return and thus pay the tax on it,statement arriving in august i think gave me no time to minimise in anyway.I wrongly thought that stop losses to lock in profits would be in force but no, up and down but they where still clipping the ticket every year for 1.5% each year win or lose good gig for some.(when i went to sign up i asked for paperwork to be left with me for overnight and there was an initial entry fee of 5%!!! i brought this to his attention no problem crossed out" but quite a few must pay this and be behind the black ball already.Ah fund and games (pun intended!)
