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Need 1 more fund
Frenchman 96
Posted: 05 June 2017 08:21:41(UTC)
#1

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Hi Guys

I normally do self execution with HL and buy individual shares, mainly for income, my aim normally being around 5%.

lately, I have transferred some equities into funds, and have now got

Fundsmith Equity
Vanguard Europe ex UK
Scottish Mortgage

I think I have a decent coverage of Europe, Global, USA and now want to add a good UK fund/trust, any suggestions.
Keith Cobby
Posted: 05 June 2017 09:18:04(UTC)
#2

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FGT
Recently Redundant and Retired
Posted: 05 June 2017 09:33:52(UTC)
#3

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MRCH seems to fit the criteria.
Frenchman 96
Posted: 05 June 2017 09:52:15(UTC)
#4

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Hi Guys

Sorry but I don't know what your replies mean?
Recently Redundant and Retired
Posted: 05 June 2017 09:59:50(UTC)
#5

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These are the EPICs (exchange price information code) for ITs. Same as for any shares, GSK, BP, BT etc.
FGT = Finsbury Growth & Income
MRCH = Merchants Trust

You can generally search on EPIC or name on financial websites.

I would have suggested you look at CTY (City of London) but this looks a bit pricey at present and yield a bit lower than you mentioned. Though you might prefer it's holdings to MRCH.
Frenchman 96
Posted: 05 June 2017 10:39:19(UTC)
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Hi Guys

Sorry to show my ignorance, I Googled the suggested funds and found them ok, sound good and Merchants in particular.

All invest in shares I have or have had, but my view at the moment is that it's nice to buy a fund that support my own careful and safe consideration.

The 3 I have are showing the various gains, first one bought on 28/3/17 and my intention is (right or wrongly) is to take my 5% on any by selling that amount in units.

profit 7.56%
profit 5.05%
profit 3.30%
Mickey
Posted: 05 June 2017 11:48:16(UTC)
#7

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In the UK my choices are Finsbury Growth Trust, Henderson Smaller Companies and Troy Income & Growth. (FGT.L, HSL.L, TIGT.L)

Note if charting that TIGT was previously Glasgow Income Trust and had dire performance before the mandate was handed over to Troy a few years back.
Frenchman 96
Posted: 05 June 2017 11:58:44(UTC)
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This feed back is very helpful and I do appreciate it, I have looked at suggestions, have printed them and will study further today.

If I can push my luck and ask more questions, it will help.

What is the difference between a trust and a fund.

Can either/both be sold without any trouble, just like I buy/sell shares in HL

Which of the funds/trusts allow me to buy direct to save costs.

Recently Redundant and Retired
Posted: 05 June 2017 13:03:51(UTC)
#9

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All the information you need is out there:

http://www.morningstar.c...nt-trusts-and-funds.aspx
1 user thanked Recently Redundant and Retired for this post.
Guest on 13/06/2017(UTC)
Frenchman 96
Posted: 13 June 2017 09:10:25(UTC)
#10

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Still not chosen my next fund (maybe 2) although I do like Mickey's choice of FGT.

Trouble is, I have made it harder for myself by adding more to my "which 1 " list.

Any comments on list will be welcome.

troy trojan income class o acc
henderson smaller companies inv trust
findsbury g & i trust
city of London inv trust
witan investment trust
l & g special situations
mfm slater growth
svm uk opportunities
sli equity unconstrained
1 user thanked Frenchman 96 for this post.
Mickey on 13/06/2017(UTC)
Freddy4Skin
Posted: 13 June 2017 09:48:35(UTC)
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Frenchman 96;47612 wrote:
Hi Guys

I normally do self execution with HL and buy individual shares, mainly for income, my aim normally being around 5%.

lately, I have transferred some equities into funds, and have now got

Fundsmith Equity
Vanguard Europe ex UK
Scottish Mortgage

I think I have a decent coverage of Europe, Global, USA and now want to add a good UK fund/trust, any suggestions.


Given the current disastrous state of UK politics resulting in the distinct possibility that there may soon be a Marxist in 10 Downing Street, personally I would avoid the UK ( at least in terms of investing ) like the plague.

Your decent coverage does not include Asia which is cheap compared with US and UK markets, maybe worth a look?
2 users thanked Freddy4Skin for this post.
Mr Helpful on 13/06/2017(UTC), Mickey on 13/06/2017(UTC)
dyfed
Posted: 13 June 2017 10:45:38(UTC)
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Freddy4Skin;47890 wrote:
[quote=Frenchman 96;47612]Hi Guys


Given the current disastrous state of UK politics resulting in the distinct possibility that there may soon be a Marxist in 10 Downing Street, personally I would avoid the UK ( at least in terms of investing ) like the plague.

Your decent coverage does not include Asia which is cheap compared with US and UK markets, maybe worth a look?


Am buying AAIF myself
1 user thanked dyfed for this post.
Mickey on 13/06/2017(UTC)
Frenchman 96
Posted: 13 June 2017 10:45:52(UTC)
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F4S

makes sense what you say, could be a good time to buy there?

Which of companies shown have best record for Asia and I don't understand totally the discount/premium, is it to do with assets being worth more or less than the shares/
JohnW
Posted: 13 June 2017 11:19:13(UTC)
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I too would suggest CTY. They have increased their dividend every year for the past 51 years, so I feel confident that's not a record they are going to want to lose. OK, the dividend is not quite 5% but it's a dividend which is pretty much assured and to me that's a big thing.
2 users thanked JohnW for this post.
Keith Cobby on 13/06/2017(UTC), Jon Snow on 13/06/2017(UTC)
Mickey
Posted: 13 June 2017 12:23:39(UTC)
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Frenchman 96;47886 wrote:
Still not chosen my next fund (maybe 2) although I do like Mickey's choice of FGT.

Trouble is, I have made it harder for myself by adding more to my "which 1 " list.

Any comments on list will be welcome.

troy trojan income class o acc
henderson smaller companies inv trust
findsbury g & i trust
city of London inv trust
witan investment trust
l & g special situations
mfm slater growth
svm uk opportunities
sli equity unconstrained

Rather than add further to my UK at this time I added Witan (10%) this morning and topped up WItan to 10% in my wife's portfolio. I'm currently holding around 25% in FGT and HSL for the UK, my better half has FGT, HSL and TIGT. From the funds listed I also like the Mark Slater fund. Troy Income is a more conservative version of FGT though I'd prefer Troy Income & Growth as it is an IT run by the same people as the Trojan fund.

Overall that's a mixed bunch you have there, first choice I would think is whether to add to the UK, I'm not as pessimistic as some so am happy with my 25% plus whatever my Global IT's hold in the UK.

if you have plenty in the UK for now then from your list I would choose Witan For the UK the discount on HSL is tempting, it has done well for me and remains my UK Smaller Co's choice.

HTH.
Mickey
Posted: 13 June 2017 12:42:46(UTC)
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Frenchman 96;47895 wrote:
F4S

makes sense what you say, could be a good time to buy there?

Which of companies shown have best record for Asia and I don't understand totally the discount/premium, is it to do with assets being worth more or less than the shares/

If looking at Asia Pacific ex Japan then I like Pacific Assets IT. Money Observer had this in its Cautious IT portfolio but recently changed to Invesco Asia IT as they were concerned at management changes at Stewart Investors.

Pacific Assets has always been a reasonably steady IT for Asia Pacific, I did get concerned at poor performance so for a while tried Martin Currie Pacific Trust which is attempting to get its high discount down, this they have managed to some extent and talk is that they may go for a discount control policy as they do with their Global IT, if so then perhaps it is a good opportunity?

As it stands today, I solely hold Pacific Assets IT for Asia Pacific ex Japan, it has done me well over the years.
markus
Posted: 13 June 2017 14:22:48(UTC)
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Mickey;47898 wrote:
Frenchman 96;47886 wrote:
Still not chosen my next fund (maybe 2) although I do like Mickey's choice of FGT.

Trouble is, I have made it harder for myself by adding more to my "which 1 " list.

Any comments on list will be welcome.

troy trojan income class o acc
henderson smaller companies inv trust
findsbury g & i trust
city of London inv trust
witan investment trust
l & g special situations
mfm slater growth
svm uk opportunities
sli equity unconstrained

Rather than add further to my UK at this time I added Witan (10%) this morning and topped up WItan to 10% in my wife's portfolio. I'm currently holding around 25% in FGT and HSL for the UK, my better half has FGT, HSL and TIGT. From the funds listed I also like the Mark Slater fund. Troy Income is a more conservative version of FGT though I'd prefer Troy Income & Growth as it is an IT run by the same people as the Trojan fund.

Overall that's a mixed bunch you have there, first choice I would think is whether to add to the UK, I'm not as pessimistic as some so am happy with my 25% plus whatever my Global IT's hold in the UK.

if you have plenty in the UK for now then from your list I would choose Witan For the UK the discount on HSL is tempting, it has done well for me and remains my UK Smaller Co's choice.

HTH.



but Witan shows up as being 36% UK allocated....vs 28.34% UK in Bankers vs 9.67% UK in FRCL

The benchmark for those 3 global trusts has UK allocation at 10.08%
1 user thanked markus for this post.
Mickey on 13/06/2017(UTC)
Mickey
Posted: 13 June 2017 14:44:29(UTC)
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markus;47903 wrote:
but Witan shows up as being 36% UK allocated....vs 28.34% UK in Bankers vs 9.67% UK in FRCL

The benchmark for those 3 global trusts has UK allocation at 10.08%

That's true but, (i) I leave Global IT's to manage their own country allocation, and (ii) I'm currently around 20% SMT which is I believe less than 3% UK which offsets those that hold a little more.
geoffrey Walton
Posted: 13 June 2017 15:20:11(UTC)
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The 2017 benchmark for Witan in the UK is 30% according to the Accounts

From 01.01.2017, Witan’s benchmark consists of UK 30%, North America 25%, Europe (ex UK) 20%, Asia Pacific 20% and Emerging Markets 5%.
Jon Snow
Posted: 13 June 2017 22:50:09(UTC)
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Tend to agree with other posters here -

Not the time to increase exposure to UK.

You don't mention specialist stuff like infrastructure or private equity, so I'd guess it's not for you.

US markets seem fully valued (tech stocks having a bit of a wobble atm) and can "The Donald" deliver on his promises about infrastructure and business taxation. Coca-Cola and Pepsico between them are holding over $50bn cash offshore and Apple have more than $100bn, before we get to Alphabet, Facebook etc.... On the other hand, if that cash gets repatriated with a low tax charge, it's going to need to be deployed into something, investment, buybacks etc..

Mainland Europe, I'm tempted, yet all the possible positive outcomes seem to be priced in - 20% rise since December 2016. Also many political, social and economic factors will be a drag on growth. Today 3 EU countries are being taken to some EU court or another because they failed to take in the right number of migrants/refugees that the EU "decided" they could take.

Also if there is a "bad" Brexit agreement what does the EU benefit from punishing the UK. It's not a zero sum game.

So assuming you want to stay with equities, then it's emerging markets such as S America, Russia/E Europe, MEA or Asia.

How about a unit trust (not my normal choice, yet....) - Henderson Asian Dividend Accumulation (class I) -

http://www.hl.co.uk/fund...me-class-i-accumulation

Just my opinion and what I've just done with about 5% of my core pf.

Nothing is forever though.







1 user thanked Jon Snow for this post.
Mike L on 16/06/2017(UTC)
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