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Which active fund/IT would you pick ... ?

General discussions about growth strategies which focus primarily on investing for capital growth
Marky72
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Which active fund/IT would you pick ... ?

#399283

Postby Marky72 » March 26th, 2021, 4:21 pm

Hi guys,

Just wanted any thoughts/opinions on which of these active funds/IT's have worked out really well for you or you would consider adding to your portfolio for 10 years for growth? I would put a lump sum in at the beginning of each tax year and leave it? Any other suggestions? It would be to go alongside a global tracker such as VWRL

* Monks
* JP Morgan Global Growth and Income Trust (JGGI)
* F&C
* Fundsmith
* Templeton Emerging Markets IT

Looking forward to your replies :)

Mark

mc2fool
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Re: Which active fund/IT would you pick ... ?

#399294

Postby mc2fool » March 26th, 2021, 4:43 pm

Mark, it's considered bad form to post the same or a very similar post in two (or more) boards.

Occasionally it may be appropriate to draw the attention of the denizens of more than one board to your query, and the thing to do in that case is to choose one board to post your query on and then post a brief summary on the other board, with a link to the original board and the request to "please post replies over there". You should then report your secondary post (the "!" button at the top right) and ask the moderators to lock it.

In this case your query and where folks should reply is at: viewtopic.php?f=54&t=28640

[Edit: correct URL]
Last edited by mc2fool on March 26th, 2021, 4:56 pm, edited 1 time in total.

AleisterCrowley
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Re: Which active fund/IT would you pick ... ?

#399297

Postby AleisterCrowley » March 26th, 2021, 4:50 pm

The OP fell foul of the 'edit window' , so the post was a bit confusing!

xeny
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Re: Which active fund/IT would you pick ... ?

#400733

Postby xeny » April 1st, 2021, 7:18 am

I've done quite well out of Fundsmith, but then I've done even better out of Smithson, so that probably is at least worthy of consideration.

tjh290633
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Re: Which active fund/IT would you pick ... ?

#400821

Postby tjh290633 » April 1st, 2021, 12:03 pm

I've been keeping tabs on a number of ITs for the last 5 years or so, and Alliance, F&C and Scottish American have all given returns of about 12%, measured by XIRR.

TJH

1nvest
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Re: Which active fund/IT would you pick ... ?

#400835

Postby 1nvest » April 1st, 2021, 12:52 pm

tjh290633 wrote:I've been keeping tabs on a number of ITs for the last 5 years or so, and Alliance, F&C and Scottish American have all given returns of about 12%, measured by XIRR.

TJH

US stock (total returns/accumulation) over the last 5 years have risen 16.5% annualised in US$ terms, 17.2% in £ terms. Primarily due to the broad index being relatively heavily weighted into tech stocks. Other broader US stock indexes haven't done anywhere near as well. Funds that are weighted more towards that index will naturally also have benefited from having done so.

Alliance F&C is around 55% North America, Scottish American is around 28% US, so (weighted) over 9% of the 12% gain figure might be attributed to that for F&C and 5% for Scottish American. Suggesting that for F&C the 45% rest of portfolio made 6% and for Scottish American the 72% rest made 9.7%. Of the two it seems to me that the Scottish American was the more diversely rewarding whilst F&C is more concentrated and 'got lucky'.

Arborbridge
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Re: Which active fund/IT would you pick ... ?

#400838

Postby Arborbridge » April 1st, 2021, 1:10 pm

1nvest wrote:
tjh290633 wrote:I've been keeping tabs on a number of ITs for the last 5 years or so, and Alliance, F&C and Scottish American have all given returns of about 12%, measured by XIRR.

TJH

US stock (total returns/accumulation) over the last 5 years have risen 16.5% annualised in US$ terms, 17.2% in £ terms. Primarily due to the broad index being relatively heavily weighted into tech stocks. Other broader US stock indexes haven't done anywhere near as well. Funds that are weighted more towards that index will naturally also have benefited from having done so.

Alliance F&C is around 55% North America, Scottish American is around 28% US, so (weighted) over 9% of the 12% gain figure might be attributed to that for F&C and 5% for Scottish American. Suggesting that for F&C the 45% rest of portfolio made 6% and for Scottish American the 72% rest made 9.7%. Of the two it seems to me that the Scottish American was the more diversely rewarding whilst F&C is more concentrated and 'got lucky'.


This is the point of having an active management. Sometimes they are good, or get lucky ;)

1nvest
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Re: Which active fund/IT would you pick ... ?

#400845

Postby 1nvest » April 1st, 2021, 1:31 pm

Arborbridge wrote:This is the point of having an active management. Sometimes they are good, or get lucky ;)

Survivorship bias. The lucky ones get a golden bonus and get to continue playing, the unlucky get a golden handshake. A small number, the luckiest of the luckiest are hailed as geniuses and held up as what can be possible. The financial sector piggybacks on such gameplay and extracts enough to be able to build tall skyscrapers in the most expensive of locations and pay massive wages to many ... funded by those that are tempted into the gameplay with their life savings, more often on the pretence that everyone is a winner.


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