S /S ISA funds

Newly_retired

I'd appreciate any opinions from better informed people about the following funds within my S & S ISA.

Invesco Perpetual High Income - keep
Fidelity European - keep
Jupiter Income - move to Fidelity SE Asia
Fidelity Wealthbuilder - move to Threadneedle Americal Smaller Companies

These are the recommendations of my IFA.

sorcerer

If you are close to retirement, I think it's the wrong move. I think you need to think more about income and perserving capital. If you are younger and have 10-15 years of investment time and other income then it would be ok IMO.

Linton

I think it is reasonable diversification. Previously three of your funds were fairly similar mainly investing in the same sectors.

What % is in each fund? Unless we know that its difficult to assess the portfolio.

Edit: I didnt pick up on the Wealthbuilder which is as Fishbulb says a broad FoF; so its the % which is the most interesting.

mr_fishbulb

What prompted his recommendations? Did you speak with him?

Has your attitude to risk changed?

Jupiter Income - move to Fidelity SE Asia moving from a fund where the objective is to provide a regular income and invests in large blue-chips (over 50% of the fund are in the top 10 holdings), to a fund designed to have equity growth in emerging markets.

Fidelity Wealthbuilder - move to Threadneedle Americal Smaller Companies moving from a diversified fund-of-funds to a specific section of one country.

Not saying there is anything wrong with the above, but are they right for you?

Newly_retired

Approx %
Fid European 20%
Fid wealthbuilder 25%
Invesco 35%
Jupiter 20%
Total invested across these funds approx £13000
Other investments are more cautious ( Prufund Growth Fund £50K)
Plenty more held in cash deposits, incl cash ISAs pending possible house move within 12m.
I have now been retired over 4 yrs and have a long term view for my investments

middlepuss

sorcerer wrote: »

If you are close to retirement, I think it's the wrong move. I think you need to think more about income and perserving capital. If you are younger and have 10-15 years of investment time and other income then it would be ok IMO.

I don't think you are right to make such a categorical statement even if the OP is close to retirement.

If the OP has a good pension income and/or other investments that are not in equities, then having the ISA in equity-related investments may be right for the OP.

If this is the only money the OP has and it is being relied upon for the OP's main income, that's s different matter.

Linton

I think your proportions would be way out if these were your only investments but taking into account your larger holdings of more stable investments/savings increasing the volatility of your S&S ISA portfolio in the search for greater return seems sensible.

Perhaps you could regard the S&S ISA funds as a separate long term growth portfolio managed independently of the other investments.

Newly_retired

Linton wrote: »

Perhaps you could regard the S&S ISA funds as a separate long term growth portfolio managed independently of the other investments.

Yes this is my attitude.
I have a reasonable pension income to live on and more than adequate savings.
Do I understand then that these funds are riskier than previous allocation?

Also any comments on the Prufund investment please?

Newly_retired

Further details on the Prufund investment. Would value your input please.

I have a substantial sum about to reach its 5 yr guarantee in an Aviva fund. Although it will net me around £2500, my IFA says I can do better by putting it into the Prufund Growth fund. Similar 5 yr capital guarantee, better potential.