Unit Trust ISA

EagerLearner

Hi Carnet - the info I had re the Jupiter China fund split was from the HL website and varies huuuuugely from yours. So are HL telling porkies on their website?

Ian_W

EagerLearner,
Have you ever visited a Casino? I'm not a gambler but I've been in a few occasionally over the years and one abiding memory is of Chinese people playing the roulette tables on an almost obsessional basis. From all I've seen and read it seems to me that gambling/speculating fever that has been pent up for those in mainland China is at work in their stock market and with people borrowing to invest it bears all the hallmarks of Japan prior to their early 90's stockmarket collapse.
Don't get me wrong I'm not a doomsayer and I think China's economic growth will continue a pace but many, many commentators [Alan Greenspan ex chief of the US Fed being a recent one] believe it is due a fairly major correction and sooner rather than later. So something sinister in a 2% drop? - yes, probably that it wasn't a 20% drop because the longer the speculation goes on the worse the drop could be. Looks to me like a place that chairs may be thin on the ground when the music stops.
Jupiter's fund has gained 52% in the 8 months since launch it could just as easily lose that much before you wake up on Monday morning! If you're happy with the risk that your £500 could be >£300 overnight and are prepared to keep it in and play the long game - that's all that matters. If not a sensible play might be to move it elsewhere and go back there after a correction - which of course may not happen and it may continue to grow at astronomical rates each year!

carnet

EagerLearner wrote: »

Hi Carnet - the info I had re the Jupiter China fund split was from the HL website and varies huuuuugely from yours. So are HL telling porkies on their website?

This information was obtained straight from the horse's mouth (ie Jupiter Client Services) two days ago.

However, I was somewhat surprised that they say the fund cannot invest directly into the Shanghai exchange as I am fairly sure that certain other funds are able to do (and are doing) so - but have still to fully research this point.

A lot of stuff on H-L's (along with many others) website is inaccurate -but why would they deliberatlely tell "porkies" of this nature ?

Fund managers can and do alter sector allocations.

More likely H-L are just out of date.

brasso

We all know that financially speaking, China will explode at some point. This is a 99% certainty. The big question is when? I've sold most of my two China-specific fund investments but have increased my holding in the Allianz BRIC fund because I still want some exposure to China, and I'm happy to let the fund managers move investment in and out of China towards other emerging markets as they see fit. It's still a risk but a reasonable one for me.

EagerLearner

My £200 has gone through and bought me 259 units in that fund. I may leave it at that for now in that fund (the £200 was 'free' money we got back in a recent court case so it would be painful to lose, but not as painful if it were really ours IYSWIM).
I will research further for my £500, as suggested, something less volatile. I looked at the Allianz BRIC fund a couple of weeks ago and it seemed good, looks like Sunday will be spent looking at this in more detail.
It was my first transaction, so bear with me if I don't understand the lingo or the systems just yet...

EagerLearner

PS: So is there a better site to research funds on if HL are not up to date?

dunstonh

A lot of stuff on H-L's (along with many others) website is inaccurate -but why would they deliberatlely tell "porkies" of this nature ?

I have noticed that the "free" information is often old. I was in discussion with Premier a month back about their European Property share fund and the "current" holdings had a low UK exposure but if you looked on various websites you would have seen a high UK exposure.

I also get fund research supplied to me and unless it has it been written in the last 3 months then you may as well forget about it. More so on the small nimble funds.

EagerLearner

Any suggestions for best sunday paper to read for financial section?

dunstonh

EagerLearner wrote: »

Any suggestions for best sunday paper to read for financial section?

None of them. Too much reliance on past performance and influence by advertisers. Plus it is dumbed down too much. If you like pictures of Princess Di, then go with the Express

pazzazz

None of them. Too much reliance on past performance and influence by advertisers. Plus it is dumbed down too much. If you like pictures of Princess Di, then go with the Express

Hmm Princess Di story now that would make a nice change.

Anyways (and without wanting to hijack the thread) - if you had a portfolio within an ISA that you wanted to largely rebalance out of equities what type of funds/sector should you be looking at ? Money market, gilts, bonds ?
Any specific funds would of course be taken as an example and not a recommendation in anyway.