Tool to analyse overlaps

racey

I've been using Morningstar's Xray tool to analyse my portfolio but feel it's an unnecessary expense now.
The only thing I miss is the tool to analyse any overlaps in my holdings. Is there anywhere I can find a free tool to do this?

username12345678

racey wrote: »

I've been using Morningstar's Xray tool to analyse my portfolio but feel it's an unnecessary expense now.
The only thing I miss is the tool to analyse any overlaps in my holdings. Is there anywhere I can find a tool to do this?

It's a great bit of kit and a real eye opener if you have a good number of funds.

I found the same shares hitting 4 and 5 times across my portfolio of funds!

isasmurf

There's a free version @
http://tools.morningstar.co.uk/uk/xray/editholdings.aspx?LanguageId=en-GB

racey

isasmurf wrote: »

There's a free version @
http://tools.morningstar.co.uk/uk/xray/editholdings.aspx?LanguageId=en-GB

I couldn't find a way to analyse any overlaps.

TCA

racey wrote: »

I couldn't find a way to analyse any overlaps.

Set "select a view" to "holding overlap".

racey

TCA wrote: »

Set "select a view" to "holding overlap".

I got that to work, thanks.
I've got my portfolio listed on Morningstar. is there a way to copy that to use Instant X-ray? Or do I have to list the holdings every time?

elephantrosie

noob here. what is overlaps?

racey

elephantrosie wrote: »

noob here. what is overlaps?

An overlap can occur if you have 2 multi-asset trackers, for example. They may both include investments in the same companies like Amazon or Apple. This is an overlap.

racey

I never found an alternative to Morningstar Xray for analysing overlaps. I'm about to make some changes to my portfolio so it would be handy if I could find a tool for doing this. I don't mind paying for an app or some software for my MAC.
If all else fails I could take the free 14 day trial but feel that the £19 a month subscription is too much.
Anyway, any advice is much appreciated.

choochootrain

racey wrote: »

I never found an alternative to Morningstar Xray for analysing overlaps. I'm about to make some changes to my portfolio so it would be handy if I could find a tool for doing this. I don't mind paying for an app or some software for my MAC.
If all else fails I could take the free 14 day trial but feel that the £19 a month subscription is too much.
Anyway, any advice is much appreciated.

So just use the free trial and telephone them to cancel before the 14 days are up. I think you can get a free trial once every 6 months.

Thrugelmir

Even with the overlap. How much do actually have invested in a single share? Is it enough to have a material impact on the portfolio. With multiple holdings you've created little more than a form of tracker. Might as well hold some global funds and let the fund managers decide asset allocation. Retaining 20% to play with where you can invest in for specialist funds and individual shares.