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A Bizarre Portfolio
mark spurrier
Posted: 12 June 2018 19:20:32(UTC)
#1

Joined: 17/01/2018(UTC)
Posts: 49

Was thanked: 39 time(s) in 23 post(s)
This is the new AJ Bell Global Growth Fund

With just one single investment, you could rocket-power your portfolio by investing in some of the world's fastest-growing holdings. The AJ Bell Global Growth fund gives you exposure to shares from emerging markets such as Brazil, India and China, as well as innovative future tech like robotics, AI and solar power. Managed by our experts, the fund also invests in UK shares, and shares from other developed markets.




iShares Core MSCI Emerging Markets IMI UCITS ETF 19.00
iShares Core FTSE 100 UCITS ETF 17.00
Vanguard S&P 500 UCITS ETF 14.00
iShares Core MSCI Pacific ex-Japan UCITS ETF 10.00
Vanguard FTSE 250 UCITS ETF 9.00
Vanguard FTSE Developed Europe ex UK UCITS ETF 7.00
iShares S&P 500 IIT Sector UCITS ETF 5.00
Xtrackers Nikkei 225 UCITS ETF 4.00
Vanguard FTSE Emerging Markets UCITS
ETF 4.00
Vanguard FTSE 100 UCITS ETF 3.00

So that is

23% EM
20 % FTSE 100
9% FTSE 250
14% US large
10% Pacific ex japan large
7% Europe large
5% IT
4% japan Large

29% in the UK .........which is about 4.5% of the global investible universe. of that 29% probably 90% will be in global multinationals HSBC SHELL BP RIO BLT LLOY - all high growth stocks :)
35% in Global heavyweights domiciled in other countries
5% IT - Top 10 covers 64% of the fund......FAANGs, MSFT etc
23% EM ........ 60% of that is China Korea Taiwan (Korea is an emerging market ?)

Ok this is only 0.5 charges but how is this Global Growth? Global value Large Cap + a China fund

I was looking forward to this. Some small caps, property, technology etc......instead this is what we got

1 user thanked mark spurrier for this post.
Tim D on 12/06/2018(UTC)
Peter59
Posted: 12 June 2018 20:19:20(UTC)
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Joined: 06/10/2015(UTC)
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VWRL would do the job more efficiently or you could construct your own ETF portfolio according to preference.
Keith Cobby
Posted: 12 June 2018 20:21:06(UTC)
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Joined: 07/03/2012(UTC)
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As Derek Terrington once said about Maxwell Communications 'Cannot Recommend A Purchase'!
King Lodos
Posted: 13 June 2018 03:57:10(UTC)
#4

Joined: 05/01/2016(UTC)
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I suppose the thinking is that Emerging Market economic growth – (which is global growth: as EM's most the planet) – increases demand for commodities (SHELL, BP, RIO), because growth requires energy and raw materials.

I think there may be two definitions of growth here .. High growth stocks are stocks that justify high valuations because we buy expecting earnings to be notably higher in the future .. And global growth – which would be the building of new cities, highways, people getting banks accounts and electricity, etc.


mark spurrier
Posted: 13 June 2018 06:55:48(UTC)
#5

Joined: 17/01/2018(UTC)
Posts: 49

Was thanked: 39 time(s) in 23 post(s)
I found the focus on mega caps as particularly odd

VWRL + Global small companies + Frontier or something similar

You would expect Asia generally India/China to be the growth focus over the next ten years and technology to lead. Not sure this means Intel, Apple and MSFT

I would go for FRCL, JPGI, Monks and FCS + EM +Asia (SDP?) + japan (BGFD/BGS/SJG?)

I am not an ETF fan... on average........yes. But some trusts are consistently better than average
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