JPMorgan Natural Resources -48% down but still hanging on

innovate

-54% last time I checked. Might be more now, might be less. Doesn't matter, I went into it with the view that worst case I might lose it all. It won't make much of a difference to me if I do since it's a very small part of my portfolio. I have only held the fund for 3 years, so it's still very early in the investment cycle. I am not looking to cashing anything in for another 10 years at least.

bigadaj

I held the Jim fund for a while with moderate losses in my pension fund, but cashed out about a year ago and went into UK smaller companies, good move with hindsight but who knows.

I'm bullish on com,odities in the longer term, and will be buying back into commodity funds or investement trusts as there is a good long term story in my opinion. World population is not only still growing steadily but people are quite rapidly getting wealthier, particularly at the lower end and becoming consumers with increased demand, which bodes well.

hyposmurf

I'm looking to hold this fund long term and continuing to top it up in small chunks. Also do the same with the currently out of favor emerging markets.

jamesd

jabbahut40 wrote: »

I bought into JPMorgan Natural Resources in my SIPP at its peak and now currently seeing the value of my investment -48% down.

Can you handle it dropping to a quarter of what you paid? Can you handle a loss of 50% of what it's worth today? Lets look at some of the prices of the accumulation version of this fund:

20-12-2013: 566.40
21-11-2008: 297.10
4-1-2011: 1194.00

The 2008 low was 52% of 20-12-2013 price and 24.9% of the 4-1-2011 price.

Ian Henderson's departure as manager of this fund for twenty years was announced in October 2011, with full manager replacement in January 2012 and Henderson to remain in advisory role until the end of March 2013. His departure market timing seems to have been pretty good and those who followed the common recommendation to sell or at least reduce the holding when the manager changes would have benefited from doing it.

If it's available to you, you might consider Investec Enhanced Natural Resources for a less volatile natural resources holding. Less volatile on the up side as well as down.

jabbahut40

Hi All,

Thanks for the responses. Here is a summary of my SIPP. As you can see JPM NR represents 9% of my SIPP portfolio.

Stock Gain/Loss (%) Portfolio %
Cazenove UK Opportunities Class B Acc 16.61% gain, 13.9% portfolio
Fidelity UK Smaller Companies Class A GBP Acc 34.91% gain, 10.6% portfolio
First State Asia Pacific Leaders Class A Acc 17.30% gain, 11.9% portfolio
Franklin UK Mid Cap Class A Net Income Shares 5.51% gain, 7.9% portfolio
JPMorgan Natural Resources Accumulation Units -47.98% loss, 9.0% portfolio
Marlborough Multi Cap Income Retail GBP Acc 4.26% gain, 6.2% portfolio
Schroder US Mid Cap Fund Retail A Acc 31.92% gain, 14.1% portfolio
Threadneedle European Select Retail Acc 25.59% gain, 11.4% portfolio
Unicorn UK Income Fund Income Units 22.94% gain, 15.1% portfolio

I also previously held JPM NR in my S&S ISA but sold early this year around 690p and switched to income funds (which turned out to be a good move).

I still believe that commodities will upturn in 2014 and will stick with JPM NR for the next year and see if I am right.

Jabba

planteria

jabbahut40 wrote: »

I still believe that commodities will upturn in 2014 and will stick with JPM NR for the next year and see if I am right.

i hope you are right. and positioned to benefit if that happens.

A_Flock_Of_Sheep

planteria wrote: »

i hope you are right. and positioned to benefit if that happens.

From what I have read about commodities it won't be until 2015 until there will be a glimmer of hope. For me I will wait until much later.

A_Flock_Of_Sheep

jabbahut40 wrote: »

Hi All,

Thanks for the responses. Here is a summary of my SIPP. As you can see JPM NR represents 9% of my SIPP portfolio.

Stock Gain/Loss (%) Portfolio %
Cazenove UK Opportunities Class B Acc 16.61% gain, 13.9% portfolio
Fidelity UK Smaller Companies Class A GBP Acc 34.91% gain, 10.6% portfolio
First State Asia Pacific Leaders Class A Acc 17.30% gain, 11.9% portfolio
Franklin UK Mid Cap Class A Net Income Shares 5.51% gain, 7.9% portfolio
JPMorgan Natural Resources Accumulation Units -47.98% loss, 9.0% portfolio
Marlborough Multi Cap Income Retail GBP Acc 4.26% gain, 6.2% portfolio
Schroder US Mid Cap Fund Retail A Acc 31.92% gain, 14.1% portfolio
Threadneedle European Select Retail Acc 25.59% gain, 11.4% portfolio
Unicorn UK Income Fund Income Units 22.94% gain, 15.1% portfolio

I also previously held JPM NR in my S&S ISA but sold early this year around 690p and switched to income funds (which turned out to be a good move).

I still believe that commodities will upturn in 2014 and will stick with JPM NR for the next year and see if I am right.

Jabba

When did you take out your SIPP?

A_Flock_Of_Sheep

Shame there isn't a resources fund that tracks the ever upwardly spiraling cost of gas and electric which has risen significantly in the last five years.

bigadaj

A_Flock_Of_Sheep wrote: »

Shame there isn't a resources fund that tracks the ever upwardly spiraling cost of gas and electric which has risen significantly in the last five years.

Well you can always buy the individual shares, there's not that many after all.