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Mid Wynd International Investment Trust
Aminatidi
Posted: 25 February 2018 09:00:15(UTC)
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I did a quick search and there's relatively little on this IT on here.

It looks like it has a low FE rating for a global IT and annualised returns over the long term look reasonable given the relative lack of volatility.

How come I don't see it mentioned more? Is there something "wrong" with it or is it rather that the bigger players like the BG IT's get all the mentions?
dyfed
Posted: 25 February 2018 09:18:26(UTC)
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MWY
You r right, rarely gets a mention, but someone obviously likes it as trading at a premium. Morningstar also gives it a decent write-up. Fees reasonable, pays 1% divi, no large shareholders apparently. Eclectic mix of investments that look interesting, not high conviction.
Wouldn't buy it myself unless at a discount.
JohnW
Posted: 25 February 2018 11:03:10(UTC)
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I brought it in 2008, sold it some time later at 2p less than I paid for it. One of my less successful investments.
Simon Edelsten
Posted: 25 February 2018 13:29:05(UTC)
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Hello, I am one of the fund managers. You can get plenty of information on the trust on its website. Www.midwynd.co.uk. . It is a smaller trust so has been less frequently covered by journalists, but you can judge the portfolio for yourselves. The trust seldom trades at a discount as the board has maintained a policy of buying in shares at a 2% discount for some years. Hope that helps.
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Aminatidi
Posted: 26 February 2018 12:29:56(UTC)
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Thanks Simon, I did some reading and it looks interesting.

I noticed the KID rates as a 3 which is interesting for something that's 100% (effectively) equity so it may feature at some point when I want to be a bit less "attack".

Looks very consistent to date.
Mickey
Posted: 26 February 2018 14:37:46(UTC)
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Excellent to see Simon Edelstein on the forum, speaks volumes that he is prepared to do that.

Mid Wynd, I have been looking at buying this for a few weeks now, I had too much in SMT and cut that back 50%. Mid Wynd has been a big faller over the month, losing a shade over 5% with only Law Debenture, Hansa, F&C Smaller Co's and Majedie doing worse.

I have added to F&C Smaller Co's last week and think Artemis backing Mid Wynd makes this a buy for me also. How can I refuse a portfolio that includes a theme entitled 'Retiree Spending Power' :-)
7 users thanked Mickey for this post.
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dlp6666
Posted: 05 March 2018 11:53:58(UTC)
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dyfed;57822 wrote:
Morningstar also gives it a decent write-up


In fact I noticed today that they even upgraded its rating from 'Bronze' to 'Silver' on 1st March.
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c brown on 05/03/2018(UTC)
Mickey
Posted: 05 March 2018 14:04:13(UTC)
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Potential purchase this morning but on a 3% premium which is a tad high for a decent but not outstanding IT. Artemis used to be good with their Global funds so I am keen on this one, interesting that Trustnet have it on a such a low risk rating, around 72 iirc.

On my dummy portfolio list made up of tipsters etc, the Morningstar portfolio comprises 10 of their Gold rated trusts. It is the second worst performer over 1 year, only slightly better than the money Observer Conservative IT portfolio. The best performer over 1 year has been the Money Observer Adventurous portfolio with higher risk. Interestingly, over 1 year VLS 80 is significantly behind all of the IT portfolios I am tracking. The difference being in the range of -10% to -24% and even worse than a single holding in FRCL. Definitely seems the current situation favours active management.

Anyway, Mid Wynd remain s on my watchlist for the time being.
1 user thanked Mickey for this post.
Jim S on 06/03/2018(UTC)
JohnW
Posted: 05 March 2018 16:35:32(UTC)
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I held it for three years around 2010 and the only movement was in a downward direction, so I cut my losses.
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Mickey on 05/03/2018(UTC)
john brace
Posted: 06 March 2018 09:57:20(UTC)
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I understand MWY is run by Artemis since 2014 and the performance has improved since - return 80%. Has only 5% UK holdings that I can see, which s good at the moment.
dyfed
Posted: 09 March 2018 07:35:19(UTC)
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Tipped by Questor today in the Telegraph
Tug Boat
Posted: 09 March 2018 09:52:26(UTC)
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I think Questor reads the random ramblings written here. He quite often tips trusts discussed on this board.

Perhaps he is one of us...

But which one?
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bill blayney
Posted: 09 March 2018 12:31:51(UTC)
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Tug Boat;58448 wrote:
I think Questor reads the random ramblings written here. He quite often tips trusts discussed on this board.

Perhaps he is one of us...

But which one?

perhaps "cueball" ?
jvl
Posted: 09 March 2018 14:09:26(UTC)
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I think we can rule out 'big_boy'.

I've only seen Questor mention Hansa once.
Jim S
Posted: 09 March 2018 16:04:46(UTC)
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I reckon Ryan Hermission finally found a great way of online money earning
Sara G
Posted: 12 March 2018 20:31:24(UTC)
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Switched out of a UK IT (LWI) into MWY today as my UK exposure had crept up, partly due to recent purchases but also the rising £.

I like the focus on disruptive / long term trends combined with discipline on valuations. Japan is good value generally, plus there seems to be some margin of safety on the US holdings, so a nice complement to my other global funds. Feel like I have been trading too much lately, but this will be a long term hold and will add to it as opportunities arise.
2 users thanked Sara G for this post.
Mickey on 12/03/2018(UTC), dyfed on 13/03/2018(UTC)
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