Another day another new HL promoted fund

Old_Slaphead

The market must be getting frothy as new funds, it appears, are being launched by the day.

This time it's Schroders with Global Alpha Plus managed by Virginie Maisonneuve.

I fell out of love with Schroders several years ago as their performance was (IMO) lacklustre but, for the last year or two, the minimal investments I have with them seem to have picked up somewhat. As I have pension cash available and this fund fits in with my risk and geographic requirement, I will be making a small investment.

Anyone any views on the fund or manager's track record?

sabretoothtigger

I have had a schroders fund recently, I thought slow and steady might be their forte. How far they fall back is probably more important


Try citywire


http://www.citywire.co.uk/selector/search.aspx?Phrase=Virginie+Maisonneuve

wombat42_2

sabretoothtigger - dont know if you saw my reply on another thread:
https://forums.moneysavingexpert.com/discussion/2391343

Rollinghome

Virginie Maisonneuve, the fund manager, tells us "It's a great product" and H-L have put it on their Wealth 150 list before it's even been launched. What better endorsement could anyone want...?

(Assuming you trust H-L recommendations as far as you could throw them of course.)


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RayWolfe

Rollinghome wrote: »

What better endorsement could anyone want...?

Indeed, that's convinced me to sell all my other investments and put the proceeds into this. I don't know why everyone isn't doing the same!

dunstonh

If HL have put it straight in the Wealth 150 list and are being paid to market it then you should disregard the anything they say about it. Use independent research. Dont rely on product provider research.

purch

I have nothing to add to my previous comments regarding this company.

wombat42_2

It would have been better still if they called it Schroders ENHANCED Global Alpha Plus fund

Rollinghome

I see that though poor old Dampier's pic is used on the "Our view of this fund" panel, the comment seems to be from cheeky chappie Mr Hargreaves his boss:
"When I asked Mark Dampier why this new fund is on the Wealth 150, his answer reminded me of an amusing story I once heard..." The punchline is "The Australian stockbroker looked back and said (sadly I can't write in an Australian accent) - 'I think the market's going up'".

Hoho, it's the way he tells 'em. Presumably Dampier couldn't be persuaded to put his name to it (or couldn't think of a decent excuse to put it in the Wealth 150).

With the amount of investment now going through companies like H-L the problem of advertising posing as advice needs a look at by the FSA.