F&C or Alliance Trust Global IT?

dividendhero

Chris75 wrote: »

4 of your funds have gearing of over 106% & one at 112% (Murray MYI). At current market valuations I would be wary of putting too much into these trusts in one go.

As I understand it, the gearing figure means MYI's net gearing is 12%. A non geared fund is 100% geared!

StellaN

dividendhero wrote: »

That's a pretty big portfolio - congrats! Personally I'd have more than five funds with that amount, probably around 10 . As an example MYI hit a rough patch a couple of years back, if it was 20% of my portfolio it'd make me sweat anyway

So basically, you are saying there is nothing wrong with me holding these five global funds even if there is some overlap? I don't often disagree with Linton because I love his posts and learned a lot from them, however, I feel with global IT's there is less of a problem with overlap although I must admit I need to spread my wings more with other trusts such as SOI etc...

MPN

StellaN wrote: »

So basically, you are saying there is nothing wrong with me holding these five global funds even if there is some overlap? I don't often disagree with Linton because I love his posts and learned a lot from them, however, I feel with global IT's there is less of a problem with overlap although I must admit I need to spread my wings more with other trusts such as SOI etc...

Just a suggestion why don't you just hold F&C and either Witan (for growth) or Bankers (for income)? I feel two funds from the five would have you covered in the global IT sector?

StellaN

MPN wrote: »

Just a suggestion why don't you just hold F&C and either Witan (for growth) or Bankers (for income)? I feel two funds from the five would have you covered in the global IT sector?

Thanks for your suggestion, I am more interested in growth at the moment so if I was to choose these 2 global IT's it would be F&C and Witan.

There seems to be conflicting views on whether I should retain all 5 or prune to just 2 and add some other different regions/sectors. I could go half way and retain F&C, Witan & Bankers and dispose of Brunner and Monks?

StellaN

ColdIron wrote: »

Rather than using a blend of similar funds what about something that complements rather than overlaps the more generalist ones? Murray International has a significant weighting towards Asia Pacific and Emerging Markets and even a measure of fixed income in the same. Just a suggestion

ColdIron, would you mind me asking which global IT's you hold?

ColdIron

My IT focus is mainly income so I'm not sure how illuminating it would be for you, but my unwrapped IT portfolio includes things like BNKR HFEL HINT and MYI but also fixed income such as HDIV and IPE. My SIPP has a small holding in SMT and quite a bit of PNL and RCP, I'm not sure how many of these you would consider global in the same way that the two under discussion are. Sorry for the acronym overload

StellaN

ColdIron wrote: »

My IT focus is mainly income so I'm not sure how illuminating it would be for you, but my unwrapped IT portfolio includes things like BNKR HFEL HINT and MYI but also fixed income such as HDIV and IPE. My SIPP has a small holding in SMT and quite a bit of PNL and RCP, I'm not sure how many of these you would consider global in the same way that the two under discussion are. Sorry for the acronym overload

Thank you for that it's always interesting to know other people's views and you are right I am personally more into growth funds at the moment.

MPN

StellaN wrote: »

Thanks for your suggestion, I am more interested in growth at the moment so if I was to choose these 2 global IT's it would be F&C and Witan.

There seems to be conflicting views on whether I should retain all 5 or prune to just 2 and add some other different regions/sectors. I could go half way and retain F&C, Witan & Bankers and dispose of Brunner and Monks?

If you are after more growth than income then Witan and F&C would do the job or if you wanted to be more adventurous then Witan and Monks would be good growth IT's. You could then dispose of F&C, Bankers and Brunner?

StellaN

MPN wrote: »

If you are after more growth than income then Witan and F&C would do the job or if you wanted to be more adventurous then Witan and Monks would be good growth IT's. You could then dispose of F&C, Bankers and Brunner?[/QUOTE

I have more or less decided to keep F&C, Witan and Bankers and sell Brunner and Monks. Then reinvest the money into SOI and maybe HINT or MYI. Also looking at the Baillie Gifford Japan Trust.

Sally57

StellaN wrote: »

Thank you for that it's always interesting to know other people's views and you are right I am personally more into growth funds at the moment.

Take a look at JP Morgan Growth & Income IT (JPGI) as this may be of interest to you? It has a good yield/dividend blended with growth.

I don't hold this at the moment but it's on my radar - does anybody else hold this IT?