Great British Invest off or Passive V Active Portfolios

Sally57

Linton wrote: »

Linton Growth has been re-organised to reduce the number of funds....

Artemis Global Growth I: 19%
Schroder QEP US Core Inst: 19%
Threadneedle European Small Companies ZNA: 17%
JPM Emerging Markets IT: 15%
Lindsell Train Global Equity B: 10%
Marlborough Special Situations P: 7%
Baillie Gifford Japanese Small Companies B: 7%
Artemis US Small Companies I Acc: 6%

The allocations to geography, size, and sector are similar to the previous version.

I noticed you have dropped JEO, Fidelity Asian Values and Blackrock Frontiers - any particular reasons, especially for JEO?

Linton

Sally57 wrote: »

I noticed you have dropped JEO, Fidelity Asian Values and Blackrock Frontiers - any particular reasons, especially for JEO?

I mainly work on a basis of asset allocation. The absence of JEO could be covered by Artemis Global and Threadneedle European Small Companies whilst still meeting the asset allocation objective. Its performance has been pretty close to the Threadneedle fund. FAV was dropped as a side effect of dropping Blackrock Frontiers.



Blackrock Frontiers was there in the first place because I wanted some exposure to Latin America etc. However this never worked well because the fund is 36% invested in SE Asia which was also covered by FAV. On investigation I found that several EM funds could cover both SE Asia and Latin America etc on their own in the right proportions for my needs.

iglad

I sold all my individual stocks (Lloyds, RBS and Aviva) and 3 other funds BGA, SMT and T.M.Cavendish, which I didn't need and there was too much tech involved also SMT seems to changing it's strategy to more venture capitalist, which was a red flag for me. BGA poor performance and volatility never felt comfortable with it, so it had to go. Cavendish UK small caps are taking a beating at the moment and my holding was too small was some on here pointed out. All the monies was reinvested amongst the funds below. I’m paying £150pm into my ISA which is spilt amongst 3 funds.

It's taken a while but it's a more straightforward global portfolio, which ticks all the boxes for me and most have held up recently in all the volatility. I no longer look at my valuation everyday lol however I still check the US and Asian markets as that's where the majority of my portfolio is based.

My Portfolio has been running since April 2019

Lindsell Train Global - 31%. - Gains 10.34

Fundsmith - 31% - Gains 9.9%

Axa Framlington Global Tech -- 16% - Gains 7.2%

Fidelity Asian Dividend Acc - 17% - Gains 5.37%

Smithson Investment Trust - 5% (most recent purchase 24/7) loss - 1%

Smithson I was going to wait until next year but what the hell I thought why wait and it gives me some small and mid cap global exposure. I'm backing Terry Smith and his crew.

Aminatidi

As of today this accounts for around £140K.

Considering adding around 5% to something a little diverse but somewhat defensive such as Murray International.

Thoughts welcome.

Prism

Just in case anyone was wondering what these portfolio's represent, its a fantasy league as such created by TBC15 in September 2017. We all started with £100k and created a portfolio that mapped to our real life one. Current league table is here
https://forums.moneysavingexpert.com/discussion/comment/73192349#Comment_73192349

2 year anniversary is in 1 month

Prism

iglad wrote: »

Smithson Investment Trust - 5% (most recent purchase 24/7) loss - 1%

Smithson I was going to wait until next year but what the hell I thought why wait and it gives some small and mid cap global exposure. I'm backing Terry Smith and his crew.

I use the graph in the Smithson prospectus to validate my roughly 25-30% allocation to global and regional small/mid cap funds. I have been building up Smithson in my SIPP after seeing its progress from IPO in my ISA. Some of my regional funds have been dropped or reduced to make way

iglad

Prism wrote: »

Just in case anyone was wondering what these portfolio's represent, its a fantasy league as such created by TBC15 in September 2017. We all started with £100k and created a portfolio that mapped to our real life one. Current league table is here
https://forums.moneysavingexpert.com/discussion/comment/73192349#Comment_73192349

2 year anniversary is in 1 month

lol I thought it was our actual portfolios duh

Prism

iglad wrote: »

lol I thought it was out actual portfolios duh

Well they are really. The only thing wrong is the amount - they are all equalised to 100k on September 29th 2017. For example I do really have close to 60% Fundsmith in my main SIPP

iglad

Prism wrote: »

I use the graph in the Smithson prospectus to validate my roughly 25-30% allocation to global and regional small/mid cap funds. I have been building up Smithson in my SIPP after seeing its progress from IPO in my ISA. Some of my regional funds have been dropped or reduced to make way

Read the prospectus and he gave me a very convincing argument to invest as my portfolio lacked global small caps & mid caps.

"Michael Burry of the 'Big Short' sees another contrarian opportunity emerging from what he calls the “bubble” in passive investment. As money pours into exchange-traded funds and other index-tracking products that skew toward big companies, Burry says smaller value stocks are being unduly neglected around the world."

https://www.bloomberg.com/amp/news/articles/2019-08-28/the-big-short-s-michael-burry-sees-a-bubble-in-passive-investing?__twitter_impression=true

I'm not sure about the 'passive bubble' however it just reinforces what Terry Smith has set out to do with Smithson.

iglad

Prism wrote: »

I use the graph in the Smithson prospectus to validate my roughly 25-30% allocation to global and regional small/mid cap funds. I have been building up Smithson in my SIPP after seeing its progress from IPO in my ISA. Some of my regional funds have been dropped or reduced to make way

Read the prospectus and he gave me a very convincing argument to invest as my portfolio lacked small caps & mid caps.

'Michael Burry of the 'Big Short' sees another contrarian opportunity emerging from what he calls the “bubble” in passive investment. As money pours into exchange-traded funds and other index-tracking products that skew toward big companies, Burry says smaller value stocks are being unduly neglected around the world.'

https://www.bloomberg.com/amp/news/articles/2019-08-28/the-big-short-s-michael-burry-sees-a-bubble-in-passive-investing?__twitter_impression=true