straw poll - sell european funds?

blinko

to the OP trying to trade unit trusts isn't the greatest idea. Its prudent to take profit when you feel that there may be more down side compared to upside

With regards to the Euro problem, the fund if priced in sterling should be hedged so that the affect won't be direct. although the underlying ivnestments which receive income in euro's will be.

But then again this should also boost volume....??

seeing as the fund has performed well.

You could simply add units when the fund dips. Really and truly the fact that greece is going to default should not reduce the amount of hamburgers sold in macdonalds, loafs of bread sold at tescos/carriefeur

good luck

gozomark

blinko wrote: »

t the fund if priced in sterling should be hedged

most funds do not hedge currency irrespective of the currency they are priced in

gadgetmind

Loughton_Monkey wrote: »

[For those nearing retirement, or are in funds for 'shorter' terms than 'long-term' should ask the question whether to be in equities at all currently. But that's another issue.]

I've been flogging bits and bats for a few weeks and letting the cash accumulate until I see good buying opportunities. I'm not spotting much right now!

I'm sure I'll start picking stuff up soon, but the more I watch the news, the more I think it will be months rather than weeks.

westendguy

A few weeks back I caught a news report (I think on the BBC) saying that despite the eurozone problems many leading French and German companies are actualy in very healthy shape with strong balance sheets.

This prompted me to add the Henderson Euro Special Sits fund to my portfolio with a view to dripfeeding in over the next year or so.

Although I would still prefer not to have too much exposure to banks.

Reaper

westendguy wrote: »

A few weeks back I caught a news report (I think on the BBC) saying that despite the eurozone problems many leading French and German companies are actualy in very healthy shape with strong balance sheets.

This prompted me to add the Henderson Euro Special Sits fund to my portfolio with a view to dripfeeding in over the next year or so.

Although I would still prefer not to have too much exposure to banks.

Money Week suggested Investment Trusts. I think it is a good idea as their gearing and discounts mean they are likely to fall further then recover faster. However it is too early for me to add more money, I think things are going to get worse before they get better.

macmomo

Thanks for the thoughts and opinions. Yes, I'm investing for the long term (and it is an equity fund) and not for pension purposes. I think I will take some profit and keep my eye for a different opportunity. If nothing else, I would like to get on with moving my money out of Fidelity, so I can sell half of my holding in this fund in Fidelity and buy something else inside Alliance Trust. And I also saw the article in Money Week, Reaper, and I thought I would take its advice on board. Thanks.