- - RIT Capital Partners on a 26% discount
- Caledonia on a 40% discount
- AVI Global Trust on 11% discount and
- Saints on a 9% discount.
Monty
ps. It was hard to stomach the stamp duty fee after becomming used to ETF's and their much cheaper costs.
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Monty wrote:I have dipped my toe back into Investment Trusts this morning, shame about todays price rise but I made my decision the other day so stuck with it. Todays purchases were -- RIT Capital Partners on a 26% discount
I was not particularly chasing discounts but all of these seemed a reasonable price. I was looking for less US exposure when compared to a global tracker. I'd appreciate any thoughts.
- Caledonia on a 40% discount
- AVI Global Trust on 11% discount and
- Saints on a 9% discount.
Monty
ps. It was hard to stomach the stamp duty fee after becomming used to ETF's and their much cheaper costs.
Monty wrote:I have dipped my toe back into Investment Trusts this morning, shame about todays price rise but I made my decision the other day so stuck with it. Todays purchases were -- RIT Capital Partners on a 26% discount
I was not particularly chasing discounts but all of these seemed a reasonable price. I was looking for less US exposure when compared to a global tracker. I'd appreciate any thoughts.
- Caledonia on a 40% discount
- AVI Global Trust on 11% discount and
- Saints on a 9% discount.
Monty
ps. It was hard to stomach the stamp duty fee after becomming used to ETF's and their much cheaper costs.
richfool wrote:Monty wrote:It was hard to stomach the stamp duty fee after becomming used to ETF's and their much cheaper costs.
Well, you are certainly getting them at good discounts, something you wouldn't get with ETF's. And I think you would struggle to get access to the sorts of stocks that those IT's hold, through ETF's.
Arborbridge wrote:Perhaps look at JGGI as well. Perfomed better than SAIN but may not suit as almost two thirds USA content.
Lootman wrote:Arborbridge wrote:Perhaps look at JGGI as well. Perfomed better than SAIN but may not suit as almost two thirds USA content.
I hold JGGI as well and it has done well. Note however that a neutral weighting for a global fund is 63.5% in North America, so JGGI is only slightly over-weight there. And of course it is the US exposure that has juiced its performance, presumably from the same team who have done so well with JAM. I would also attribute its returns to not having to limit itself to HY shares, as that big dividend is partly paid from capital.
Arborbridge wrote:I've been leaning towards more global funds for a year or so, realising I have too much in the UK - with half my investments in HYP. SAIN could be a good extra for me with some cash I have just released from a UK company OIEC I ditched.
Monty wrote:I have dipped my toe back into Investment Trusts this morning, shame about todays price rise but I made my decision the other day so stuck with it. Todays purchases were -- RIT Capital Partners on a 26% discount
- Caledonia on a 40% discount
- AVI Global Trust on 11% discount and
- Saints on a 9% discount.
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