Have you made investments, yet have little knowledge of how they are now performing? Or does the relationship with your IFA seem to be just one way, with little proactive advice? Perhaps with all the current talk of RDR you are wondering what kind of service you will be getting in 2013? Maybe it’s time to consider monitoring your own funds and cutting out the middle man?
This is where Moneyspider can help. Moneyspider allows you to take control of your investments and provides you with up to date information, not just on how your fund is performing but how it is performing against other funds in the market. It will also tell you the top 10 performing funds in all sectors in case you are thinking of making a new investment. While the historical performance of funds is extremely useful, it is not an absolute indication of future success but then nobody has a crystal ball.
What Moneyspider does is enable you to have access to this performance information on a 24/7 basis. And it does more, something that is unique to Moneyspider.
By commissioning our own algorithm, we have devised a unique rating system which assesses the performance of each fund measured against four parameters.
The first parameter is:
FTSE 100
This is a comparison of the total return of the fund with the total return of the FTSE 100 index.
FTSE 100
This is a comparison of the total return of the fund with the total return of the FTSE 100 index.
The second parameter is:
Funds ranking
This is a comparison with over 2,300 other funds available to UK investors.
This is a comparison with over 2,300 other funds available to UK investors.
The third parameter is:
Sector ranking
This is a comparison with all other funds in the same sector as your fund, these are based on the sector definitions used by the Investment Management Association, otherwise known as the IMA.
This is a comparison with all other funds in the same sector as your fund, these are based on the sector definitions used by the Investment Management Association, otherwise known as the IMA.
And finally
Cash
This is a comparison of the fund's performance with the return from an equivalent amount deposited in a 90 day access account.
This is a comparison of the fund's performance with the return from an equivalent amount deposited in a 90 day access account.
Moneyspider's algorithm calculates the results with weightings allocated to each of the four categories, each one analysed and compared over 1, 3 and 5 years. Although the algorithm appears complex, it produces a straightforward result; scoring each investment fund from A (a very high rating) to E (a distinctly poor rating).
Behind these easy-to-understand fund ratings is a percentage score, each day for every one of the 2,300 or so funds on our database, providing a comprehensive ranking for all investment funds.
And as well as doing this for all funds, once you become a Moneyspider active member it will also produce a tailored report for all of your existing funds. Giving you the comparative information that will help you to decide where to invest new monies or whether you consider switching your existing funds in to something new.
To see just how you can benefit from using Moneyspider, just register online and start using Moneyspider.com today!
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