Negative Returns

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BWH43's review of HSBC Child Trust Fund

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“Negative Returns”

Written on: 30/08/2019 by BWH43 (1 review written)

Having always banked with HSBC i was happy to hand over my daughters CTF voucher with them and open an account in her name. What a mistake. After making regular payments for the first few years i stopped having seen no increase in the funds overall value. The total has been falling away ever since, i would estimate that i have lost approx. £500 through this fund. Its as though nobody from HSBC is managing their CTF portfolio. A poor show from an otherwise trustworthy bank. I appreciate this is a long term investment (18 years) however you soon lose confidence when initial performance is so poor.

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