Jupiter Merlin

FATHEROFTWO_2

whiteflag wrote: »

thats why I prefer manager of manager portfolios as you get all the benefits of fund of funds without the much higher costs.

Whieflag .
What is your preferred manager of manager provider for comparison purposes?

dunstonh

The morningstar site also show boh funds in the same sector.

Morningstar dont use the conventional investment sectors. Any data supplier using Morningstar as their backbone will be the same.

Trustnet use the correct sectors. I have the retail software version of Trustnet that costs £5000 a year but the consumer version, whilst cut down significantly and had adverts, is still pretty good for free basic data.

http://www.trustnet.com/Factsheets/Factsheet.aspx?fundCode=GEBII&univ=U

Check mid way down and you will find the sector.

FATHEROFTWO_2

dunstonh wrote: »

Morningstar dont use the conventional investment sectors. Any data supplier using Morningstar as their backbone will be the same.

Trustnet use the correct sectors. I have the retail software version of Trustnet that costs £5000 a year but the consumer version, whilst cut down significantly and had adverts, is still pretty good for free basic data.

http://www.trustnet.com/Factsheets/Factsheet.aspx?fundCode=GEBII&univ=U

Check mid way down and you will find the sector.

Thanks Dunstonh.

I used the Trustnet portfolio analyse tool and this is how my portfolio came out.

Equity65.04
Fixed Interest29.40
Commodity/Energy5.55

UT Sterling Corporate Bond 26.65

UT Absolute Return 17.16

UT Global Growth 16.10

UT UK Equity Income & Growth 13.47

UT Europe Excluding UK 6.68

UT Specialist 5.55

UT Asia Pacific Excluding Japan 4.71

UT UK All Companies 3.61

UT North America 3.33

UT Sterling High Yield 2.76

This comes out entirely different from the morningstar portfolio x ray tool which I believe breaks down the global growth into geographical sectors rather than having Global as a sector Ie part of the global funds are invested in Asia latin america Europe US and the UK .

The absolute funds are split between UK and Europe which is counted as a seperate sector with trustnet

This is a morningstar breakdown of my portfolio a few weeks ago although Ive done a minor rebalancing since but it hjasnt changed that much
This breakdown apppears to fit in better with the cautious/medium balanced porfolio requiting no income from investments

Bond 35 percent
stock 55 percent

stock breakdown

UK 50 percent
Europe 12 percent
Europe Non euro 6 percent
emerging euro 1.65 percent
Africa/middle east 0.28 percent

US 14 percent
canada 1.77 percent
latin america 1.5 percent

Japan 0.12 percent
Australasia 5.5 percent
Emerging 4 tigers 5.5 percent
emerging asia ex 4 tigers 2.5 percent

My aim is to have a cautious to moderate balanced portfolio similar to this projection from best invest.

[FONT=Verdana, verdana, Helvetica, sans-serif]Asset Class [/FONT]

[FONT=Verdana, verdana, Helvetica, sans-serif][SIZE=-2]Equities [/SIZE][/FONT]
[FONT=Verdana, verdana, Helvetica, sans-serif][SIZE=-2]42percent equities[/SIZE][/FONT]
[FONT=Verdana, verdana, Helvetica, sans-serif][SIZE=-2]High Yield Bonds[/SIZE][/FONT]

[FONT=Verdana, verdana, Helvetica, sans-serif][SIZE=-2]4%[/SIZE][/FONT]

[FONT=Verdana, verdana, Helvetica, sans-serif][SIZE=-2]Quality Bonds [/SIZE][/FONT]

[FONT=Verdana, verdana, Helvetica, sans-serif][SIZE=-2]25%[/SIZE][/FONT]

[FONT=Verdana, verdana, Helvetica, sans-serif][SIZE=-2]Other Assets [/SIZE][/FONT]

[FONT=Verdana, verdana, Helvetica, sans-serif][SIZE=-2]25%[/SIZE][/FONT]

[FONT=Verdana, verdana, Helvetica, sans-serif][SIZE=-2]Cash[/SIZE][/FONT]

[FONT=Verdana, verdana, Helvetica, sans-serif][SIZE=-2]4%[/SIZE][/FONT]
[FONT=Verdana, verdana, Helvetica, sans-serif]Equity Splits [/FONT]
[FONT=Verdana, verdana, Helvetica, sans-serif]Geographical [/FONT]
[FONT=Verdana, verdana, Helvetica, sans-serif]Capitalisation[/FONT]

[FONT=Verdana, verdana, Helvetica, sans-serif][SIZE=-2]UK Total[/SIZE][/FONT]

[FONT=Verdana, verdana, Helvetica, sans-serif][SIZE=-2]52%[/SIZE][/FONT]

[FONT=Verdana, verdana, Helvetica, sans-serif][SIZE=-2]Largecap[/SIZE][/FONT]

[FONT=Verdana, verdana, Helvetica, sans-serif][SIZE=-2]67%[/SIZE][/FONT]

[FONT=Verdana, verdana, Helvetica, sans-serif][SIZE=-2]Europe[/SIZE][/FONT]

[FONT=Verdana, verdana, Helvetica, sans-serif][SIZE=-2]16.5%[/SIZE][/FONT]

[FONT=Verdana, verdana, Helvetica, sans-serif][SIZE=-2]Midcap[/SIZE][/FONT]

[FONT=Verdana, verdana, Helvetica, sans-serif][SIZE=-2]20%[/SIZE][/FONT]

[FONT=Verdana, verdana, Helvetica, sans-serif][SIZE=-2]North America[/SIZE][/FONT]

[FONT=Verdana, verdana, Helvetica, sans-serif][SIZE=-2]17%[/SIZE][/FONT]

[FONT=Verdana, verdana, Helvetica, sans-serif][SIZE=-2]Smallcap[/SIZE][/FONT]

[FONT=Verdana, verdana, Helvetica, sans-serif][SIZE=-2]13%[/SIZE][/FONT]

[FONT=Verdana, verdana, Helvetica, sans-serif][SIZE=-2]Japan[/SIZE][/FONT]

[FONT=Verdana, verdana, Helvetica, sans-serif][SIZE=-2]4.5%[/SIZE][/FONT]

[FONT=Verdana, verdana, Helvetica, sans-serif][SIZE=-2]AsiaPacific[/SIZE][/FONT]

[FONT=Verdana, verdana, Helvetica, sans-serif][SIZE=-2]7.5%[/SIZE][/FONT]

[FONT=Verdana, verdana, Helvetica, sans-serif][SIZE=-2]Other[/SIZE][/FONT]

[FONT=Verdana, verdana, Helvetica, sans-serif][SIZE=-2]2.5%[/SIZE][/FONT]


Sorry it goes out of sync a bit but does it look like a cautious to moderatly balanced portfolio??

FATHEROFTWO_2

Dunstonh
For ease of understanding as the above is a bit gobbledegook

This is the actual breakdown of my portfolio at present.

Invesco Perp Corporate Bond Acc 17.27

Invesco Perp High Income Acc 13.47

M&G Corporate Bond A Inc GBP 9.37

INSYNERGY Odey Ret 6.83

Neptune European Opportunities A Acc GBP 6.68

Neptune Global Equity A Acc GBP 6.65

First State Global Resources A GBP 5.55

CF Octopus Partner Absolute Return A Acc 5.22

Cazenove UK Absolute Target P1 GBP 4.98

First State Asia Pacific Leaders A GBP 4.71

Gartmore European Absolute Return A 4.42

Threadneedle UK Mid 250 Ret 3.61

Neptune US Opportunities A Acc GBP 3.33

Investec Monthly High Income A Inc 2.76

M&G Global Basics A Acc GBP 2.62

BlackRock UK Absolute Alpha A Acc 2.54.

Does the above look like it fits a balanced /moderate portfolio or is there any sector lacking that should be added in.??

Many thanks for the info so far

nattynick

FATHEROFTWO wrote: »

I was having a look at alternative ways of investing into funds and revisited the Jupiter merlin cautious/balanced/growth and worldwide funds which as many of you know are fund of funds .

I notice that the TER on those funds ranges from about 2.25% to 2.75% p.a. Does anyone know what that includes? Is that just their additional charges and costs or does it also take account of the charges made by the funds they invest in, i.e. the total amount going out in charges via all the funds?

dunstonh

Does the above look like it fits a balanced /moderate portfolio or is there any sector lacking that should be added in.??

What sort of risk profile are you?

Personally, I go with Sector allocation rather than catchall global funds as it is easier to control the global allocation. However, as long as you keep an eye on the global allocation then you should be fine.

Remember that investing is also about opinions. You will not find another person in the country with the same funds and spread.

FATHEROFTWO_2

dunstonh wrote: »

What sort of risk profile are you?

Personally, I go with Sector allocation rather than catchall global funds as it is easier to control the global allocation. However, as long as you keep an eye on the global allocation then you should be fine.

Remember that investing is also about opinions. You will not find another person in the country with the same funds and spread.

My risk profile is.

Aged 46

No debt whatsoever.

Good income guaranteed .

Looking for a long term 5 -10 yrs investment without any need to draw on funds to supplement income.

Willing to accept up to 15 percent loss on my funds

Normally I would be moderate attitude to risk but in the present climate I am cautious to moderate.

As I say I ran it through the morningstar x ray portfolio and it comes out differently than the trustnet xRAY.

I used the bestinvest website sector allocation guide using the cautious with no income as a guide.

I have spent the past 18 months following the market and invested prior to the credit crunch and kept fully invested but moved to safer funds and corporaste bonds and then in the spring started moving back out to medium /higher risk global /asian emerging market funds.

I was down 15 percent at the worst of the credit crunch and now Im up in total 7.25 percent discrete since start although this time last year I was only 50 percent invested 50 percent cash but Im now fully invested by drip feeding cash in over the past 9 months.

Thanks

whiteflag_3

EdInvestor wrote: »

Perhaps you could give an example of the difference, whiteflag.Usually the two types of portfolios seem to be lumped together as having similar cost structures - if that's not the case it would be useful to know..

Manager of managers dont buy the selected fund directly, the investors money is held by a custodian. The individual managers buy the underlying investments directly thereby avoiding the duplication and stock overlap associated with fund of funds.

The Manager can also manage the cashflow to the individual managers to reduce/increase holdings in sectors /asset allocation without the normal selling/buyback you get with f of fs.

whiteflag_3

FATHEROFTWO wrote: »

Whieflag .
What is your preferred manager of manager provider for comparison purposes?

If I said it could look like a personal recommendation. I would say however that I very much like the work of Richard Philbin and Casper Rock, who are now working together.

FATHEROFTWO_2

dunstonh wrote: »

What sort of risk profile are you?

Personally, I go with Sector allocation rather than catchall global funds as it is easier to control the global allocation. However, as long as you keep an eye on the global allocation then you should be fine.

Remember that investing is also about opinions. You will not find another person in the country with the same funds and spread.

Dunstonh

Any thoughts on how my risk profile looks in comparison to my fund selection ?
Does it look balanced?

I ran my NEW portfolio through the Morningstar xray and it comes out like this.

48 percent stock
33.55 bond
25 cash

UK 39.49 PERCENT
EURO 12.11
NON EURO 8
EMERGING EUROPE 1.93


US 16.66 PERCENT
CANADA 2.72
LATIN AMERICA 3.04

JAPAN 0.14 PERCENT
AUSTRALASIA 5.67
EMERGING 4 TIGERS 5.5
EMERGING ASIA EX 4 TIGERS 4.22


Any comments welcome