LF ASI Income Focus (ex Neil Woodford)
Posted: August 20th, 2020, 4:16 pm
The aftermath of Neil Woodfords leftovers have been chugging away in the hands of Asset Link Solutions since the 13th Feb under the name of LF ASI Income Focus. Myself and my unfortunate son (his first investment ever) suffered over a 50% loss to all our investments in this as a result, but not so badly off as my dad who owned one of his other two that got sold off completely.
This fund is now in the capable hands of Thomas Moore and Charles Luke who are repositioning the folio. They inherited this semi dead fish and then got covid chucked at them as well. Not doing such a bad job so far, as the graph line is gradually going up and showing a 3 month profit of 2.21% on the HL site.
Here is the link to the portfolio breakdown as it stands, which doesn't look bad to my inexperienced eyes.
https://www.hl.co.uk/funds/fund-discoun ... d-analysis
However when looking around at these sorts of managed funds, it seems like a very good deal at the moment. Seeing as the fund is operating at less than half it's original price, I've decided to put what is showing up as a current 'loss' back in as a new investment. Then in theory it will cover the ground lost by the original... or that is the plan anyway.
As the market is depressed at the moment, then it makes sense to invest as much as is comfortable in the hands of better investors than myself. Tinkerings with penny shares aren't doing badly overall, but are a pretty dodgy method for proper sensible long term financial planning.
Here are some prices of funds that I hold for comparison. Not necessarily similar, but to show how cheap these currently are.
LF ASI Income Focus = 46.37p
HL Select UK Income Shares = 95.28p
HL Select Global Growth Shares = 125.77p
HL Select UK Growth Shares = 140.26p
iShares Emerging Markets Equity Index = 170.60p
HSBC FTSE 250 Index = 250.53p
Lindsell Train Global Equity = 267p
Any reasons not to think this of this fund well in it's recovery, or is cut price getting less value?
This fund is now in the capable hands of Thomas Moore and Charles Luke who are repositioning the folio. They inherited this semi dead fish and then got covid chucked at them as well. Not doing such a bad job so far, as the graph line is gradually going up and showing a 3 month profit of 2.21% on the HL site.
Here is the link to the portfolio breakdown as it stands, which doesn't look bad to my inexperienced eyes.
https://www.hl.co.uk/funds/fund-discoun ... d-analysis
However when looking around at these sorts of managed funds, it seems like a very good deal at the moment. Seeing as the fund is operating at less than half it's original price, I've decided to put what is showing up as a current 'loss' back in as a new investment. Then in theory it will cover the ground lost by the original... or that is the plan anyway.
As the market is depressed at the moment, then it makes sense to invest as much as is comfortable in the hands of better investors than myself. Tinkerings with penny shares aren't doing badly overall, but are a pretty dodgy method for proper sensible long term financial planning.
Here are some prices of funds that I hold for comparison. Not necessarily similar, but to show how cheap these currently are.
LF ASI Income Focus = 46.37p
HL Select UK Income Shares = 95.28p
HL Select Global Growth Shares = 125.77p
HL Select UK Growth Shares = 140.26p
iShares Emerging Markets Equity Index = 170.60p
HSBC FTSE 250 Index = 250.53p
Lindsell Train Global Equity = 267p
Any reasons not to think this of this fund well in it's recovery, or is cut price getting less value?