Artemis Income Retail Inc

A_Flock_Of_Sheep

Are we talking about Jonathan Frosts fund in Artemis? That has been a good performer and aims to build growth and income in the long term. People need to forget Woodford for now. He's gone.

As for Newton Asian that is definitely long term and will probably be sitting in the doldrums for yonks with similar funds. I dumped Newton Asian income back in May and it's never been performing since.

In fact shares have been a bit naff for the previous short term, last six months or so.

This whole balanced portfolio lark I think is a way for IFAs to justify the performance. A client will moan emerging markets are down but the IFA will point out that smaller companies are way up and you are still in profit over all.

vectistim

Looking at what's happened since April is really rather pointless.

I'm quite happy with Newton Asian Income and am still merrily dropping the same amount in each month. It's my only 'income' fund but I've got it set to reinvest.

talexuser

High Income is a completely different fund to that under discussion, and holds more bonds to provide income, and the Income fund has outperformed it by ~20% over 5 years, ~10% over 3 years and ~5% over 1 year. Expecting instant profits since April is frankly bizarre given all the warnings we give ad nauseum about the stock market and shares/funds for the long term. The managers are ADRIAN Frost and Adrian Gosden. The Chelverton fund has recently jumped up the income tables after being unheard of, one to watch to see if it's luck or good judgement. They have more smaller companies than most which might account for it.

Party_Animal

Many thanks for all the advice, much of which went over my head, and I'm no nearer knowing what to invest in.:beer:

A_Flock_Of_Sheep

talexuser wrote: »

High Income is a completely different fund to that under discussion, and holds more bonds to provide income, and the Income fund has outperformed it by ~20% over 5 years, ~10% over 3 years and ~5% over 1 year. Expecting instant profits since April is frankly bizarre given all the warnings we give ad nauseum about the stock market and shares/funds for the long term. The managers are ADRIAN Frost and Adrian Gosden. The Chelverton fund has recently jumped up the income tables after being unheard of, one to watch to see if it's luck or good judgement. They have more smaller companies than most which might account for it.

Chelverton also do a nice lil Investment Trust running at a 10% discount - SDV ticker - Yield over 4%. Had my eye on it for a while - never looked at the fund so many thanks!

It appears the growth potential seems to be in the small cap area - Marlborough have launched the Nano Cap fund a few days ago.

vectistim

A_Flock_Of_Sheep wrote: »

Marlborough have launched the Nano Cap fund a few days ago.

Nano Cap? Really? I have their micro one already, does this mean someone else will turn up with a pico fund and someone else will retaliate with a femto fund, etc.

A_Flock_Of_Sheep

vectistim wrote: »

Nano Cap? Really? I have their micro one already, does this mean someone else will turn up with a pico fund and someone else will retaliate with a femto fund, etc.

Yes was advertised on the HL website. Unicorn UK Income has performed well but as the saying goes past performance la la la!

vectistim

I see, evidently the concern is that the Micro version is getting to the sort of size where it is difficult to invest as large a proportion of the fund as might be desired in a particular company.

Linton

A_Flock_Of_Sheep wrote: »

...

In fact shares have been a bit naff for the previous short term, last six months or so.

This whole balanced portfolio lark I think is a way for IFAs to justify the performance. A client will moan emerging markets are down but the IFA will point out that smaller companies are way up and you are still in profit over all.

Depends which type of shares you invest in. My portfolio of some 30 high dividend paying shares and funds has returned nearly 9% in the past 6 months. Other areas such as EM and Far East have done pretty badly.

My point is that choosing sectors that meet your objectives is far more important than finding a manager with golden hands or one fund, or worse, one share, that is going to make your fortune. A balanced widely diversified portfolio of such sectors is essential so you are not overly exposed to localised problems. It is not a plot by greedy IFA's to confuse the investor. In your example the IFA is right and the client has benefited.

As far as IP High Income is concerned I dont see the reason to invest in it. Despite its name its current yield is only marginally above the FTSE100 as a whole so I cant see it as a focussed income fund, never mind high income. According to trustnet it's 83rd out of 91 funds in its "UK Equity Income" sector for yield. If you want income you should look elsewhere.

On the other hand its 10 year growth is reasonably good (though its 5 year growth is below average), but if it's growth you want why choose something that majors on UK large companies? I believe small companies/EM/AsiaPac etc can reasonably be expected to provide better long term growth.

Artemis Income looks a fairly similar type of fund with slightly higher yield but slightly worse returns.

dunstonh

This whole balanced portfolio lark I think is a way for IFAs to justify the performance. A client will moan emerging markets are down but the IFA will point out that smaller companies are way up and you are still in profit over all.

Nothing to do with countless reports and research showing that its best or the way the regulator would view poorly built portfolios or how the FOS uphold complaints then.