Whats your S&S ISA Portfolio? (Winners and Losers)

Linton

jabbahut40 wrote: »

Hi,

Since I started this thread I have personally not sold any of the my holdings and have recently been drip feeding into the following funds.

Fidelity MoneyBuilder
Franklin UK Mid Cap Fund
Jupiter Financial Opportunities Fund

Out of interest has any of the original posters on this thread made any significant changes to their S&S portfolio over the last quarter with a view to predict this years winners?

I notice that China funds seem to recovered recently however have decided for now not to invest further as I feel that my portfolio is already quite heavy on Asia and emerging markets.

Thoughts?

Jabba

I am not able to predict this years winners, I feel much happier about my ability to predict some of the long term winners over the next 10+ years. So little change in the structure of my growth portfolio:

Move from Fidelity SE Asia to increase my First State SE Asia holding which has had a better performance in recent years.

Move some M&G Recovery into the apparently fairly similar Liontrust Special Situations. M&G has a very good long term record but has performed poorly since the crash.

Scot Wid have closed their US Small Cap fund and merged it with their Growth fund which is mainly Large Cap. So transferred to F&C US Small Companies.

Sell Newton Real Return as I should never have bought it in the first place - it didnt fit in with my strategy. Bought Framlington Health and Newton Asian Income instead.

Jegersmart

sorcerer wrote: »

I am slowly getting out of equity moving into income, eventually i will be 80% income 20% equity.

Equity

Aberdeen Emerging Markets 17%
AXA Framlington UK Select Oppr 17%
Blackrock Gold and General 12%
Neptune Russia and Greater Russia 10%
JP Morgan Natrual Resources 6%

Income

Invesco Perp. Monthly Income Plus 6%
Newton Global High Yield 6%
24 Investment Fund - Dynamic - 5%
Rathbone Ethical Bond - 5%
Aberdeen Global High Yield Select - 5%
Marlborough High Yield - 5%
Insight Invesment UK Equity - 2%

My view of this year is that the outlook for fixed income is bearish, so although there will be "income" it does depend on whether you are investing for capital growth at all and over which timeframe. Whilst equities are looking strong for now, I do see a top coming in before Q2 (possibly all time highs on some indices), but more importantly I also think *the 2009 low will be taken out on most equity indices prior to mid 2014* before we start another longer term bull market in equities. Commodities usually peak a bit later than equities, so commodities related investments should be OK until Q3 possibly.

I could be wrong, but personally I am around 70% equities (mainly China and Japan and Asia) but will be looking to start reducing somewhat in March onwards in order to position for 2014-2015.

J

mark78_2

Linton wrote: »

Scot Wid have closed their US Small Cap fund and merged it with their Growth fund which is mainly Large Cap. So transferred to F&C US Small Companies.

I was thinking of selling F&C US smaller companies as I think the US are heading for a serious problem with their debt. I know I'm new here but may I ask your reasoning?

sorcerer

My original intention was be 100% Equity until i need the money in about 17 years time. But I have decided to generate income instead and then reinvested this income back into the funds. But have kepts the 20% Equity to hopefully drive a little bit of growth. In 17 years my plan would then be to drop the final 20% and be 100% income, and i will be taking it out of the ISA to spend.

Jegersmart wrote: »

My view of this year is that the outlook for fixed income is bearish, so although there will be "income" it does depend on whether you are investing for capital growth at all and over which timeframe. Whilst equities are looking strong for now, I do see a top coming in before Q2 (possibly all time highs on some indices), but more importantly I also think *the 2009 low will be taken out on most equity indices prior to mid 2014* before we start another longer term bull market in equities. Commodities usually peak a bit later than equities, so commodities related investments should be OK until Q3 possibly.

I could be wrong, but personally I am around 70% equities (mainly China and Japan and Asia) but will be looking to start reducing somewhat in March onwards in order to position for 2014-2015.

J

Linton

mark78 wrote: »

I was thinking of selling F&C US smaller companies as I think the US are heading for a serious problem with their debt. I know I'm new here but may I ask your reasoning?

I think and invest long term (say 10+ years) and am looking for those funds which have a reasonable chance of very high returns based on global trends. So whether the US has real problems in the next 2-3 years is irrelevant, in 10 years time our current worries wont matter though undoubtedly there will be new ones. One can be pretty confident that in 10 years time the US will still be either the first or second largest economy in the world and so needs to be represented in a balanced portfolio. If it's not, problems with my relatively small holding in the fund will be pretty irrelevant compared the potential collapse of the global economy

Small company funds in general perform extremely well over the long term as the ability of the fund manager to evaluate each potential investment at a detailed level, including perhaps interviews with senior management, gives him a great advantage over the general market in identifying those few companies that have some chance of significant growth.

To give you some idea of what is possible with small companies, Old Mutual Select UK Small Companies has more than quadrupled in value since I first bought it 10 years ago.

Warning - small companies can also be pretty volatile as they are vulnerable when the economy is particularly troubled . I have about 20% of a higher risk portfolio in small company funds and would be wary about increasing this.

mark78_2

Linton wrote: »

I think and invest long term (say 10+ years) and am looking for those funds which have a reasonable chance of very high returns based on global trends. So whether the US has real problems in the next 2-3 years is irrelevant, in 10 years time our current worries wont matter though undoubtedly there will be new ones. One can be pretty confident that in 10 years time the US will still be either the first or second largest economy in the world and so needs to be represented in a balanced portfolio. If it's not, problems with my relatively small holding in the fund will be pretty irrelevant compared the potential collapse of the global economy

Small company funds in general perform extremely well over the long term as the ability of the fund manager to evaluate each potential investment at a detailed level, including perhaps interviews with senior management, gives him a great advantage over the general market in identifying those few companies that have some chance of significant growth.

To give you some idea of what is possible with small companies, Old Mutual Select UK Small Companies has more than quadrupled in value since I first bought it 10 years ago.

Warning - small companies can also be pretty volatile as they are vulnerable when the economy is particularly troubled . I have about 20% of a higher risk portfolio in small company funds and would be wary about increasing this.

Very good answer, I'm 34 and fairly high risk long term, but I've filled my isa and am getting itchy feet waiting for April. My gut kind of tells me Europe and America are in for trouble big time so most of my portfolio is in Asia, Global and the UK in investment trusts. I was actually thinking of selling and buying XEL, not bought individual shares before, also looking at this shale gas potential.

I should probably leave it alone and let it do it's thing, I have about 10% in FSC and 10% in Aberdeen Asian smaller companies. Everything has done quite well in the last few months, 10% up since November so I'm pleased anyway.

lvader

When the US and Europe tank then asian/emerging markets often tank even more. Last year was supposed to be a disaster for Europe but the European markets were up 20% on average. There is always a standout market/ sector that does better than others but predicting it normally end in failure. It's better to have a more balanced and diverse portfolio.

socrates

Great info - will be following this thread

Robie

I will play too. This is my portfolio.
The Aberdeen Indian Equity is fairly new.

Jupiter European 14.5% Europe Excluding UK
Jupiter Growth & Income 11.2% UK All Companies
M&G Recovery Class X 9.1% UK All Companies
First State Asia Pacific Leaders Class A 7.4% Asia Pacific Excluding Japan
GLG Technology Equity 6.9% Technology & Telecoms
Kames Capital Investment Grade Bond Class A 6.6% Corporate Bond
Aberdeen Global Indian Equity Class D 6.2% Equity-Europe ex UK
BlackRock Japan Equity Tracker Class A 5.9% Japan
Invesco Perpetual Tactical Bond 5.7% Strategic Bond
M&G Strategic Corporate Bond Class X 4.0% Corporate Bond
Artemis High Income Class R 2.8% Strategic Bond
Allianz Brazil Class A 2.6% Specialist
Jupiter Financial Opportunities 2.2% Specialist

jabbahut40

Hi All,

Here is my portfolio as of January 2013. Total portfolio is approx £15K.

First State Asia Pacific Leaders Acc 17.8%
JPM Natural Resources A Acc 12.3%
Marlborough Special Situations Fund Acc 12.1%
Invesco Perpetual High Income Acc 12.0%
Aberdeen Emerging Markets Acc 9.4%
Schroder US Mid Cap Acc 9.3%
Henderson China Opportunities Fund 7.8%
Fidelity MoneyBuilder 6.0%
M&G Global Basics Fund A Acc 4.7%
Franklin UK Mid Cap Fund 4.7%
Jupiter Financial Opportunities Fund 3.9%

Biggest winners and losers are:
First State Asia Pacific Leaders Acc 52.1% growth
Marlborough Special Situations Fund Acc 12.8% growth
Aberdeen Emerging Markets Acc 11.2% growth

Henderson China Opportunities Fund -10.7% loss
Jupiter Financial Opportunities Fund -10.7% loss
M&G Global Basics Fund A Acc -5.7% loss

For the losers I recognise that I bought each at the wrong time (price too high). I still like Jupiter Financial Opps as a holding however am disspointed with the China and Global funds. My reasons for investing in these areas have not changed so I'll probably look for alternative funds in the same sectors.

Comments welcomed.

Jabba