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WITAN
geoffrey Walton
Posted: 17 April 2018 07:39:07(UTC)
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I have followed advice on this Forum, and kept what I have for two years or more, and only added and not tinkered.
However, I am iffy about Witan my largest holding in my small portfolio, and wonder if I should sell out and buy say SMT? My other two IT's are RCP and Finsbury G & I. I could just add it all to LT Global and Rathbone Global
I am really not sure what to do or buy, which probably means I should stay as I am.
Has anyone got any thoughts please
dyfed
Posted: 17 April 2018 09:10:22(UTC)
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You have more will power than me: well done!
I have a small dollop of WTAN which i bought a while back (April '16) in a dip. I bought mainly because I was trying to de-risk: think it's multi-manager approach is probably good if you want a safe-ish haven that gives a better return than the serious defensives like RCP. Good reserves so it can keep paying the modest (2%) dividend through rough times, small discount. It's holdings look attractive but very fragmented.
However (somewhat belatedly) it's now on my "sell" list because :
- logically if u hold it as a defensive u want a decent amount of it
- I am not into defensives at the moment as volatility has returned
- I assume that the multi-manager, multi-fund approach is high on fees although WTAN only declares 0.8%, KID 1.8%

So I'd say a decent defensive if preserving your capital if key, but you want some return. Probably safer than bonds at the moment: it's KID says medium risk. Very different beast than SMT.....
6 users thanked dyfed for this post.
Tim D on 17/04/2018(UTC), dlp6666 on 17/04/2018(UTC), Mr Helpful on 17/04/2018(UTC), Sara G on 17/04/2018(UTC), geoffrey Walton on 17/04/2018(UTC), Andrew Smith 259 on 21/04/2018(UTC)
Tom Bards
Posted: 17 April 2018 12:00:41(UTC)
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Too expensive. Same goes for RCP.
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geoffrey Walton on 17/04/2018(UTC), Andrew Smith 259 on 21/04/2018(UTC)
geoffrey Walton
Posted: 17 April 2018 12:11:38(UTC)
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Thanks, but should I swap it for SMT, or what?? I do not want Tobacco.
My overall aim is for two or three % above inflation after costs. I do not need the money, but do not want to lose it, and I could see that happening with Witan, if there is a bigger downturn.
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Derek Jacobs on 20/04/2018(UTC)
Sara G
Posted: 17 April 2018 13:18:04(UTC)
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SMT may be a bit risky as the largest holding in a pf on current valuations?... MNKS is a bit less spicy? I don't think they hold any tobacco. MWY is another one I bought recently and may be worth a look. Both have reasonable OCF's and would make solid core holdings in my view.
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geoffrey Walton on 17/04/2018(UTC)
geoffrey Walton
Posted: 17 April 2018 14:16:32(UTC)
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Thanks Sara G,

I am minded to give MWY a shot, but will think about it.
Anyone else got this, or do people think I should stick with Witan?

Thanks
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Guest on 20/04/2018(UTC)
King Lodos
Posted: 17 April 2018 14:50:20(UTC)
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I've always been a little wary of SMT (and Baillie Gifford's current positioning in general), because it's leveraged, and it's in quite a speculative part of the market .. How is competition going to play out between the tech giants? Which ones are still going to be around? How might they need to be regulated?

You certainly want exposure – but then you may get plenty in any US, world or Emerging Mkts index tracker.

I'd always be cautious making bets on things that can turn around .. I'd say Vanguard Lifestrategy 80 or a FTSE World tracker is always the easiest option .. I've been a big fan of LT Global in recent times (and my portfolio is probably 50% Lindsell Train now), because I think there's a lot of uncertainty in markets, and there's a bond-like element to some of those stocks – and it's been holding up fine, as quite a few of its holding have got to appealing valuations again.
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geoffrey Walton on 17/04/2018(UTC), blackandgold on 20/04/2018(UTC)
geoffrey Walton
Posted: 17 April 2018 15:14:11(UTC)
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Deals done. Sold and put 95% in MWY and 5% top up LT Global.

Sit on hands for another two years
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Kevin Crane
Posted: 17 April 2018 15:44:05(UTC)
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geoffrey Walton;60772 wrote:
Deals done. Sold and put 95% in MWY and 5% top up LT Global.

Sit on hands for another two years


I like that you rounded off the post with what you actually did.
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Philip Davies
Posted: 20 April 2018 16:57:41(UTC)
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The attraction of Witan is that it is multi manger blending investment styles with an alpha overlay by Witan. These other funds do not offer this.

In terms of quality this is an ideal bedrock holding and if you had only one investment it would be Witan or something similar. Of course manager selection may not deliver and at times it may look expensive but it does have a consistent process.
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john brace on 23/04/2018(UTC), Fell Walker on 23/04/2018(UTC), dlp6666 on 23/04/2018(UTC)
Ivor Grouse
Posted: 20 April 2018 19:18:40(UTC)
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Philip Davies;60959 wrote:
The attraction of Witan is that it is multi manger blending investment styles with an alpha overlay by Witan. These other funds do not offer this.
In terms of quality this is an ideal bedrock holding and if you had only one investment it would be Witan or something similar. Of course manager selection may not deliver and at times it may look expensive but it does have a consistent process.



Err .... nevertheless the facts (according to Trustnet) are that MWY has delivered a better performance (compared to Witan) over 1Year, 3Years and 5Years and presumably everything in between.
In reality neither has a stunning performance when compared with the top markers but Geoffrey can perhaps take some comfort from the fact that Financial Express currently rates MWY as the least risky of all 22 listed Global IT's.


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MPN
Posted: 23 April 2018 09:48:37(UTC)
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Bankers is another good option to Witan and MWY. It has a very low OCF and has a yield of 2.2%.
Tom Bards
Posted: 23 April 2018 11:46:54(UTC)
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MPN;61085 wrote:
Bankers is another good option to Witan and MWY. It has a very low OCF and has a yield of 2.2%.



I wouldn't exactly call 1.2% annual charge 'very cheap'.
MPN
Posted: 23 April 2018 15:27:18(UTC)
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Tom Bards;61091 wrote:
MPN;61085 wrote:
Bankers is another good option to Witan and MWY. It has a very low OCF and has a yield of 2.2%.



I wouldn't exactly call 1.2% annual charge 'very cheap'.


The AIC ongoing charge for Bankers is 0.44%.
Tom Bards
Posted: 23 April 2018 15:35:44(UTC)
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MPN;61109 wrote:
Tom Bards;61091 wrote:
MPN;61085 wrote:
Bankers is another good option to Witan and MWY. It has a very low OCF and has a yield of 2.2%.



I wouldn't exactly call 1.2% annual charge 'very cheap'.


The AIC ongoing charge for Bankers is 0.44%.



Check the KID documents, total annual charge is 1.20%. OCF is only part of the cost.
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MPN on 24/04/2018(UTC)
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