new HL fund £1

aroominyork

cogito wrote: »

All funds have to start somewhere and the only difference about this one is the fanfare that accompanied it. Personally, I would never invest in a fund without looking under the bonnet and I won’t invest in this one until I can see what’s there. If I like the look of it, I will take a small position but not at the expense of my holdings in Fundsmith, LTGE and Blue Whale.

Well, I’m not sure Blue Whale needs exist much longer. The factsheet says it is “hand-picked by Peter Hargreaves [the Hargreaves of HL] to run a substantial portion of his family’s wealth”, so now he can close it and transfer his wealth to HL Global Growth. Also, he’d save 0.29% in fees (0.89% BW, 0.60% HL) and we know how good HL is at recognising how to generate value!

P.S. I’m not sure what ‘hand-picked’ means since he has appointed a lead fund manager. It sounds a bit like crisps which are ‘hand-cooked’ – I’ve never understood that either.

ColdIron

May be of interest to some, not a recommendation. Initial breakdown, 34 large cap companies. Nearly 3/4 invested in the US which is a lot for a single country but plenty of cash on the side
https://www.hl.co.uk/funds/hl-funds/hl-select/hl-select-global-growth-shares/portfolio-breakdown

Moe_The_Bartender

Coloplast
Amazon
ServiceNow
Shiseido Co
Raytheon
Alphabet
Adobe
Microsoft
Align Technology
Paypal
Diageo
RELX
Mastercard
Ansys Inc
Charles Schwab
Burford Capital
Booking Holdings
Linde
Koninklijke Philips N.V.
Tencent
Accenture
LVMH Moet Hennessy Vuitton SE
Moody's
West Pharma Services
Amphenol Corp
Ubisoft
Xylem Inc
Masimo Corp
Christian Hansen Holding
CAE Inc

https://www.hl.co.uk/fun...ares/portfolio-breakdown