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'.