Global Investment Trusts

bowlhead99

ArchBair wrote: »

I will tend to stick with global at the moment with some European IT's .


TR European Growth and Henderson European Focus Trust have done well for me up to now!

What's the rationale for preferring Europe to the other regions? The fact that a couple of trusts in that region have done well for you up to now isn't really a reason to focus on that region going forward rather than a portfolio with more of a global balance. Often a system of selling the ones that have done the best to buy more in the areas that have done the worst, can be a good move

I personally think at the moment the right global funds that cover UK, US, Europe, Asia etc are the way forward but who knows?

I wouldn't disagree. As it's certainly difficult to dispute that a mix of "the right global funds" that cover all the major developed and emerging regions, would be a good way forward. That would be a statement so bland and common-sense that it couldn't fall to be true. Yes the way to prosper is to buy "the right" funds rather than "the wrong" funds. Bit difficult to identify them ahead of time unfortunately.

Generally you'll find that most investment trust managers are not entirely global in their scope, as it's difficult to maintain a well researched 'house view' on the best shares or fixed income Investments across the entire developed world and emerging and frontier markets. So, if you believe active management is the way to go for some markets /asset classes /sectors, it's likely you'll need a good spread of products to get everything covered.

In summary, "the right funds that cover everything" is the place you should aim to end up, but picking right from wrong can be tricky, as can covering everything without getting overexposed to some in-favour areas in the process

ArchBair

MonroeM wrote: »

With respect but if you already hold 3 global UT funds and now want to hold the same amount of global IT's is this not a bit excessive?

I know some people hold 3/4 different global IT's but then they most probably don't hold 3 UT funds as well?

I would be interested to hear other people's views on this.

You may be right and it could be a little excessive, however I am trying to get the right balance with my global portfolio and I think a mix of UT's and IT's is what I feel comfortable with.

I know some people prefer just to invest in IT!s as opposed to blending this with funds but I don't really see anything wrong with mixing the two with active management.

MPN

MonroeM wrote: »

With respect but if you already hold 3 global UT funds and now want to hold the same amount of global IT's is this not a bit excessive?

I know some people hold 3/4 different global IT's but then they most probably don't hold 3 UT funds as well?

I would be interested to hear other people's views on this.

I personally do not see anything wrong with holding a varies selection of global IT's/funds as long as they are diverse in holdings and cover most regions.