Murray International Trust (MYI)

Apodemus

MonroeM wrote: »

Wow - that's amazing! Maybe there should be a bonus dividend payment for investors who stay invested with a trust for 50 years?

I wish! I can't take all the credit as I was under 10 when the first shares were bought for me as a long-term savings vehicle.

Sally57

MonroeM wrote: »

I think people that have held MYI over a long period of time are perfectly happy with their investment.

True, but I wasn't saying there is anything wrong with MYI or HINT, its just I preferred JPGI.

ArchBair

Sally57 wrote: »

True, but I wasn't saying there is anything wrong with MYI or HINT, its just I preferred JPGI.

I hold JPGI and have been very pleased with the results so far but who knows about future performance.

dividendhero

Sally57 wrote: »

I did consider MYI and even more so HINT but in the end decided on JPGI. It really is all down to personal choice on holdings, regional allocations etc

Funny how we all crunch the numbers on IT's, boil selection down to a few - then go with our hunch for final selection!!!

MPN

dividendhero wrote: »

Funny how we all crunch the numbers on IT's, boil selection down to a few - then go with our hunch for final selection!!!

Yes, I would agree with that but I wander how many IT's you should realistically hold in the same region/sector?

For instance, my wife and I jointly have around £500K in our pension, isa's and unwrapped investments and currently we have 2 Global IT's plus 1 Global Equity Income (SMT, WTAN & JPGI), 1 UK Equity Income (FGT), 1 UK Smaller Companies (HSL) 2 European IT's (HEFT & TRG), 1 Asia Pacific (SOI) and 1 Japan (BGS).

Very pleased with performances etc but is it overkill having so many IT's especially the Global ones?

bigadaj

Number of funds or trusts is personal choice, so long as your asset allocation meets your objectives.

One thing to be careful of is not to confuse number of trusts with diversification, holdings can and are frequently similar, so holding several funds can lead to more concentration in certain stocks or markets than a smaller number.

MPN

bigadaj wrote: »

One thing to be careful of is not to confuse number of trusts with diversification, holdings can and are frequently similar, so holding several funds can lead to more concentration in certain stocks or markets than a smaller number.

I take your point, there is some crossover in holdings and that is why I was thinking of reducing my Global IT's to 2 -. SMT & WTAN. I realise FGT also has some shared holdings with WTAN but it has a much more concentrated set of holdings with only about 27 companies so in the main they are quite different.

MonroeM

MPN wrote: »

Yes, I would agree with that but I wander how many IT's you should realistically hold in the same region/sector?

For instance, my wife and I jointly have around £500K in our pension, isa's and unwrapped investments and currently we have 2 Global IT's plus 1 Global Equity Income (SMT, WTAN & JPGI), 1 UK Equity Income (FGT), 1 UK Smaller Companies (HSL) 2 European IT's (HEFT & TRG), 1 Asia Pacific (SOI) and 1 Japan (BGS).

Very pleased with performances etc but is it overkill having so many IT's especially the Global ones?

If you wanted to reduce the number of IT's would you consider holding F&C Global Smaller Companies (FCS) instead of three separate regional IT's in HSL, TRG & BGS?

MPN

MonroeM wrote: »

If you wanted to reduce the number of IT's would you consider holding F&C Global Smaller Companies (FCS) instead of three separate regional IT's in HSL, TRG & BGS?

Thanks for your thoughts on this but I think I will keep TRG, HSL & BGS. This is not only for performance but I personally feel they work better individually with the different regions for smaller companies than a global small company trust.

Drp8713

Murray International is 50% of my SIPP, the other 50% is F&C Global Smaller Cos.

I have 30 years until I am 60 and want to retire, so being heavy in EM and Small Cos seems sensible.

Just to quantify, I am an active member of a DB pension scheme, which offsets the volatile choices above somewhat.