Reviewing my pension funds

NedS

chriss1979 wrote: »

Legal & General US Index Class C - Accumulation (GBP) 50.00%
Lindsell Train Global Equity Class D - Income (GBP) 20.00%
Legal & General UK Index Class C - Accumulation (GBP) 10.00%
Ishares Emerging Markets Equity Index Class H - Accumulation (GBP) 10.00%
Ishares Japan Equity Index Class H - Accumulation (GBP) 5.00%
Ishares Global Property Secs. Eq. Index Class H - Accumulation (GBP) 5.00%

You can probably simplify this further. For example:

L&G International Index Trust (ex UK) 0.08% fees, gives good cheap global coverage
L&G UK Index (FTSE All Share) 0.04% fees, to add in some UK coverage to the global fund above

The L&G Global fund has around 60% North America, 16.5% Europe, 8.25% Japan, and the rest in Asia and EMs

You can then use some of your other options if you want to go overweight on areas like Emerging Markets or Small Caps. Personally I prefer active funds for smaller companies, and I like ASI Global Smaller Companies for a global option and Standard Life UK Smaller Companies Trust (SLS) for a UK option.

Like you, I'd be interested to hear/see what others are using/doing with their equity allocations.

Albermarle

I've got a one to one booked through work with one of the HL pension guys in 2 weeks so will turning up to that with a lot to talk about!

They will probably recommend something nice and expensive !
I see your current fund charges are 0.3% which is reasonable , although HL's high platform charge makes it higher.
A simple solution may be to stay with the same kind of multi asset type fund but with a higher equity % .Not as exciting as picking your own portfolio but easier.

Lokolo

NedS wrote: »

Like you, I'd be interested to hear/see what others are using/doing with their equity allocations.

If you want to see mine I have made my x-ray public (PDF format and shows against the benchmark which is Morningstar's Global Flex-Cap Equity)

https://drive.google.com/file/d/1FHXsu4TxYaw_Rgdad-QBUR5semFlkUvY/view?usp=sharing

[Deleted User]

Lokolo wrote: »

If you want to see mine I have made my x-ray public (PDF format and shows against the benchmark which is Morningstar's Global Flex-Cap Equity)

https://drive.google.com/file/d/1FHXsu4TxYaw_Rgdad-QBUR5semFlkUvY/view?usp=sharing

From somebody who has been in the IT industry for decades, I notice your SAP and Microsoft holdings. (and I have worked for the former, and have architected and managed up to advisory CTO level both)
I would switch those two around - SAP is probably reaching its maximum audience, (and probably did around 2010)
Microsoft with cloud computing on Azure probably has another 50% increase in cloud revenues to go.
From an industry perspective Retailers and CPG clients are moving off AWS whom they see as a competitor and some Retail clients will not allow their POS data to reside on AWS - so CPGs are now moving to Azure (and not google - that's too difficult from a resources delivery capability,)

Lokolo

Deleted_User wrote: »

From somebody who has been in the IT industry for decades, I notice your SAP and Microsoft holdings. (and I have worked for the former, and have architected and managed up to advisory CTO level both)
I would switch those two around - SAP is probably reaching its maximum audience, (and probably did around 2010)
Microsoft with cloud computing on Azure probably has another 50% increase in cloud revenues to go.
From an industry perspective Retailers and CPG clients are moving off AWS whom they see as a competitor and some Retail clients will not allow their POS data to reside on AWS - so CPGs are now moving to Azure (and not google - that's too difficult from a resources delivery capability,)

Although I do agree, this is down to the funds I hold purchasing the funds. This is the MAN GLG Continental Europe, which has 8-9% holding in SAP (and I have a 20% holding in the fund). This is the only fund I have had doubts about, but have kept it for the time being.

If down the line (minimum 5 years, so 3 more to go) it is not performing as I want it to I will be switching to the iShares tracker (Continental Europe). This fund is my "I want to take a risk on continental Europe". We'll see how it turns out in a few years :rotfl:

chriss1979

Albermarle wrote: »

They will probably recommend something nice and expensive !
I see your current fund charges are 0.3% which is reasonable , although HL's high platform charge makes it higher.
A simple solution may be to stay with the same kind of multi asset type fund but with a higher equity % .Not as exciting as picking your own portfolio but easier.

Haha I'm expecting that sadly :doh:

Prepared to listen to their thoughts but not necessarily do what they recommend this time around!

chriss1979

Lokolo wrote: »

If you want to see mine I have made my x-ray public (PDF format and shows against the benchmark which is Morningstar's Global Flex-Cap Equity)

https://drive.google.com/file/d/1FHXsu4TxYaw_Rgdad-QBUR5semFlkUvY/view?usp=sharing

Thanks Lokolo that is really helpful... is x-ray a paid for service?

Looks it could be a great help in getting a well balanced portfolio, without having to spend hours documenting and analysing the funds by hand.

Lokolo

chriss1979 wrote: »

Thanks Lokolo that is really helpful... is x-ray a paid for service?

Looks it could be a great help in getting a well balanced portfolio, without having to spend hours documenting and analysing the funds by hand.

I use ii as my SIPP provider, and they have the ability to create WatchLists and then use Morningstar's X-Ray tool. It's pretty handy. Morningstar did use to have this available for free, but I believe it is now a paid service.

HL used to have their own version but its been a few years since I was with them.

Trustnet have their on analysis tool but it is rather limited (you can see on a geographical basis, sectors, and top 10 holdings).

chriss1979

Thanks so much, I’ve just found the tool on the HL site. That is going to be so helpful balancing out the new portfolio

Prism

NedS wrote: »

Like you, I'd be interested to hear/see what others are using/doing with their equity allocations.

I start with some assumptions over the long term (which may or may not be correct)

My core is large cap global, roughly MCSI World or similar
Up to 25% emerging markets can increase gains without increased risk
Up to 35% small company exposure can increase gains without increased risk

This leaves a lot of flexibility. Currently I am 50% global, 16% emerging and 34% smaller companies in my SIPP

Bonds to be introduced later