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  • FIRST POST
    • MPN
    • By MPN 13th Jun 17, 4:23 PM
    • 187Posts
    • 59Thanks
    MPN
    Lindsell Train GE & Fundsmith
    • #1
    • 13th Jun 17, 4:23 PM
    Lindsell Train GE & Fundsmith 13th Jun 17 at 4:23 PM
    Does anybody hold Lindsell Train Global Equity and Fundsmith in the global part of their portfolio?

    My brother-in-law holds both and although I mentioned that they hold some of the same funds ie. Unilever, Diageo, Pepsico, Paypal therefore he's doubling up on these holdings, he still feels they are different enough to compliment each other?

    I know Lindsell Train has a more diverse geographical spread than Fundsmith ie. US - 33%, UK - 27%, Japan - 23% and Eurozone - 15% - but is this enough to consider holding them both in your global portfolio? I personally don't think so (but I could be totally wrong hence the thread).

    Any thoughts or further observations please?
Page 1
    • TBC15
    • By TBC15 13th Jun 17, 4:55 PM
    • 144 Posts
    • 35 Thanks
    TBC15
    • #2
    • 13th Jun 17, 4:55 PM
    • #2
    • 13th Jun 17, 4:55 PM
    Does anybody hold Lindsell Train Global Equity and Fundsmith in the global part of their portfolio?

    My brother-in-law holds both and although I mentioned that they hold some of the same funds ie. Unilever, Diageo, Pepsico, Paypal therefore he's doubling up on these holdings, he still feels they are different enough to compliment each other?

    I know Lindsell Train has a more diverse geographical spread than Fundsmith ie. US - 33%, UK - 27%, Japan - 23% and Eurozone - 15% - but is this enough to consider holding them both in your global portfolio? I personally don't think so (but I could be totally wrong hence the thread).

    Any thoughts or further observations please?
    Originally posted by MPN
    I’d like to know what other funds your brother in law is invested in.
    • stringer_bell
    • By stringer_bell 13th Jun 17, 7:50 PM
    • 383 Posts
    • 50 Thanks
    stringer_bell
    • #3
    • 13th Jun 17, 7:50 PM
    • #3
    • 13th Jun 17, 7:50 PM
    Does anybody hold Lindsell Train Global Equity and Fundsmith in the global part of their portfolio?

    My brother-in-law holds both and although I mentioned that they hold some of the same funds ie. Unilever, Diageo, Pepsico, Paypal therefore he's doubling up on these holdings, he still feels they are different enough to compliment each other?

    I know Lindsell Train has a more diverse geographical spread than Fundsmith ie. US - 33%, UK - 27%, Japan - 23% and Eurozone - 15% - but is this enough to consider holding them both in your global portfolio? I personally don't think so (but I could be totally wrong hence the thread).

    Any thoughts or further observations please?
    Originally posted by MPN
    got Lindsell in my General investment account, Fundsmith in my SIPP and scottish mortgage in my ISA
    • MPN
    • By MPN 14th Jun 17, 8:49 AM
    • 187 Posts
    • 59 Thanks
    MPN
    • #4
    • 14th Jun 17, 8:49 AM
    • #4
    • 14th Jun 17, 8:49 AM
    got Lindsell in my General investment account, Fundsmith in my SIPP and scottish mortgage in my ISA
    Originally posted by stringer_bell
    Well I suppose it will be interesting to see how that spread works over a number of years but they are all good funds imo.
    • StellaN
    • By StellaN 14th Jun 17, 12:01 PM
    • 139 Posts
    • 38 Thanks
    StellaN
    • #5
    • 14th Jun 17, 12:01 PM
    • #5
    • 14th Jun 17, 12:01 PM
    got Lindsell in my General investment account, Fundsmith in my SIPP and scottish mortgage in my ISA
    Originally posted by stringer_bell
    I also hold Scottish Mortgage IT and Fundsmith as my global funds but do not hold Lindsell Train Global Equity because its too similar to Fundsmith except for the Japanese element of the portfolio.
    • ChesterDog
    • By ChesterDog 14th Jun 17, 12:37 PM
    • 741 Posts
    • 1,272 Thanks
    ChesterDog
    • #6
    • 14th Jun 17, 12:37 PM
    • #6
    • 14th Jun 17, 12:37 PM
    I also hold all three of these, as a split of my total global equity holdings.

    It's true that there are overlaps and duplications within, but if all the money was in just one then the allocation to each of the underlying investments would potentially be even greater.

    Also, I am a great believer in choosing investments carefully and then leaving them alone for a long, long time. If there is significant overlap now, that may not always be the case.
    I am one of the "Dogs of the Index".
    • StellaN
    • By StellaN 14th Jun 17, 1:47 PM
    • 139 Posts
    • 38 Thanks
    StellaN
    • #7
    • 14th Jun 17, 1:47 PM
    • #7
    • 14th Jun 17, 1:47 PM
    I also hold all three of these, as a split of my total global equity holdings.

    It's true that there are overlaps and duplications within, but if all the money was in just one then the allocation to each of the underlying investments would potentially be even greater.

    Also, I am a great believer in choosing investments carefully and then leaving them alone for a long, long time. If there is significant overlap now, that may not always be the case.
    Originally posted by ChesterDog
    That's an interesting viewpoint and, I must admit, something I had not taken into consideration.

    Maybe the OP's brother in law is comfortable to hold both funds for this reason even though the OP did say he personally didn't think he should.
    • MPN
    • By MPN 14th Jun 17, 4:15 PM
    • 187 Posts
    • 59 Thanks
    MPN
    • #8
    • 14th Jun 17, 4:15 PM
    • #8
    • 14th Jun 17, 4:15 PM
    That's an interesting viewpoint and, I must admit, something I had not taken into consideration.

    Maybe the OP's brother in law is comfortable to hold both funds for this reason even though the OP did say he personally didn't think he should.
    Originally posted by StellaN
    I always thought it is best to concentrate on one fund in each sector so therefore just go for one global fund, however it seems people are happy to hold 2/3 as the posts above imply.

    My brother in law tends to hold 2 funds in each geographical section for instance in Europe he holds TR European Growth IT and Henderson European Focus IT.

    At the moment I only play with my ISA portfolio but my pension is still with a financial advisor.
    • MonroeM
    • By MonroeM 16th Jun 17, 5:34 PM
    • 99 Posts
    • 29 Thanks
    MonroeM
    • #9
    • 16th Jun 17, 5:34 PM
    • #9
    • 16th Jun 17, 5:34 PM
    I always thought it is best to concentrate on one fund in each sector so therefore just go for one global fund, however it seems people are happy to hold 2/3 as the posts above imply.

    My brother in law tends to hold 2 funds in each geographical section for instance in Europe he holds TR European Growth IT and Henderson European Focus IT.

    At the moment I only play with my ISA portfolio but my pension is still with a financial advisor.
    Originally posted by MPN
    The European IT's you mentioned are quite high risk compared to OEIC's. Nothing wrong with holding 2 funds in my opinion though, I hold 2 funds for Europe Marlborough Multi Cap and Baillie Gifford European.
    • MPN
    • By MPN 17th Jun 17, 4:32 PM
    • 187 Posts
    • 59 Thanks
    MPN
    The European IT's you mentioned are quite high risk compared to OEIC's. Nothing wrong with holding 2 funds in my opinion though, I hold 2 funds for Europe Marlborough Multi Cap and Baillie Gifford European.
    Originally posted by MonroeM
    Not really sure if IT's are any riskier if chosen wisely. I'm quite a fan of IT's so I hold a mixture of them and OEIC's in my ISA portfolio.
    • Thrugelmir
    • By Thrugelmir 17th Jun 17, 5:43 PM
    • 54,334 Posts
    • 47,142 Thanks
    Thrugelmir
    A number of my IT holdings have cross over. Simply a result of buying a particular trust because it's attractive to purchase at the time. With around 25-30 holdings at only one time. The concentration in anyone particular share is a very very low %. Which is neither going to cause a catastrophic loss nor a huge windfall gain.
    “ “Bull markets are born on pessimism, grow on skepticism, mature on optimism, and die on euphoria. The time of maximum pessimism is the best time to buy, and the time of maximum optimism is the best time to sell.” Sir John Marks Templeton
    • Sally57
    • By Sally57 18th Jun 17, 2:00 PM
    • 67 Posts
    • 15 Thanks
    Sally57
    got Lindsell in my General investment account, Fundsmith in my SIPP and scottish mortgage in my ISA
    Originally posted by stringer_bell
    Not sure about holding 3 global funds in a portfolio especially with the crossover with LT and Fundsmith? Also, Scottish Mortgage is very high risk with so much invested in technology.
    • MPN
    • By MPN 19th Jun 17, 2:28 PM
    • 187 Posts
    • 59 Thanks
    MPN
    Not sure about holding 3 global funds in a portfolio especially with the crossover with LT and Fundsmith? Also, Scottish Mortgage is very high risk with so much invested in technology.
    Originally posted by Sally57
    I tend to agree but If I was going to hold 2 global funds then I'd be tempted to go with either Fundsmith or Lindsell Train and Scottish Mortgage IT because the asset allocation would then be more balanced.
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