Lindsell Train GE & Fundsmith

Sally57

stringer_bell wrote: »

got Lindsell in my General investment account, Fundsmith in my SIPP and scottish mortgage in my ISA

Not sure about holding 3 global funds in a portfolio especially with the crossover with LT and Fundsmith? Also, Scottish Mortgage is very high risk with so much invested in technology.

MPN

Sally57 wrote: »

Not sure about holding 3 global funds in a portfolio especially with the crossover with LT and Fundsmith? Also, Scottish Mortgage is very high risk with so much invested in technology.

I tend to agree but If I was going to hold 2 global funds then I'd be tempted to go with either Fundsmith or Lindsell Train and Scottish Mortgage IT because the asset allocation would then be more balanced.

Tony12345

What about old mutual global equity, I have decided to hold 3 global funds 2 being the ones you talk about the other being Old Mutual Equity well will been soon or another fund

pip895

I have Vanguard FTSE Developed World ex-UK Equity, Fundsmith and a smaller holding in Standard Life Inv Global Smaller Companies. No more than two in any wrapper though.

aroominyork

Similar to StellaN, I think Chester Dog's point is good, that some diversification / risk management within a sector has benefits compared to doubling up on any one fund. I kinda hold both: I hold Fundsmith and LT UK (I get Japan through BGFD). My other global fund is Baillie Gifford Global Alpha Growth, because I wanted some tech but not as much as SMT and not in an IT, so I picked this fund which is essentially an OEIC version of Monks.

Prism

I think holding both is fine. I would say only about 15% is duplicated between the two. Personally I hold Fundsmith and then top that up with some extra tech with the L&G global technology index trust. A bit of Japan and China sprinkled in for good measure

aroominyork

It's curious that every time a Fundsmith / Lindsell Train discussion starts, SMT gets drawn into it. I was guilty of this myself a while back (when studying Investment 101; I have now moved on to Investment 101.5) but not one of SMT's top ten holdings figures in either of Fundsmith's or LT's. SMT is a very different fund, and there are plenty more very different funds too.

ArchBair

aroominyork wrote: »

My other global fund is Baillie Gifford Global Alpha Growth, because I wanted some tech but not as much as SMT and not in an IT, so I picked this fund which is essentially an OEIC version of Monks.

I now hold 60% of my investment portfolio in 2 global IT's Witan and SMT. At the moment I am considering splitting my holding in SMT with Monks mainly because Monks is slightly lower risk but holds a larger amount of holdings. Not sure if holding 3 global IT's is the right thing to do and I realise there is a lot of crossover between SMT and Monks so the other option would be to totally switch from SMT to Monks?

The_neverists

I hold LTG and FS in my SIPP and they are my largest holdings. I think there is enough difference between the two and they are very solid long term funds. I do not see Scottish Mortgage (also a part of my SIPP) in the same way due to their large technology holdings.

dividendhero

Fundsmith has now launched an ethical fund

https://www.fundsmith.co.uk/news/article/2017/11/01/fundsmith-sustainable-equity-fund-launches

No it's not April Fools Day!!