[deleted.]

LHW99

Dodge & Cox

Must be worth an investment there just for the name!:rotfl:

[Deleted User]

I assume the IFA did not come up with this portfolio by himself, rather the IFA availed a service providing the nominated funds, in proportion.
So, is there a ready link for this service?
Or does the IFA have an exclusive or transactional relationship with the provider of this advice?

Moe_The_Bartender

With 30 years to retirement, I'd be 100% in equities.

The MAN GLG fund is full of dogs. Something like Evenlode UK Income and/or Lindsell Train UK Equity would be better in my view.

bostonerimus

SonOf wrote: »

I make the IFA charge 0.50% and the platform charge 0.35% which is 0.85%. Not 1.14%.

0.29% transaction fees were mentioned making 1.14%. Just trying to see what the fees might be overall.

bostonerimus

I'm dubious of any portfolio that includes single digit percentages of funds, the more the merrier I suppose.

[Deleted User]

IFA's are unable to gain commission from advised investments.
So, if the IFA finely calibrated this bunch of investments off his own bat for the client, very good.
However, if a third party proposed a bespoke portfolio, which the IFA presented to the client then, potentially, a conflict of interest may be intervening.
That would be a concern to put to the IFA.

Thrugelmir

xpc wrote: »

I am taking a high risk approach with over 30 years to state retirement age.


but I'm not sure it is a better approach than using a global tracker with satellite funds.

Detect a contradiction here. Are you actually comfortable with an aggressive, likely to be highly volatile, portfolio. With Global equities at the core going to be a far more conservative portfolio.

Dial the risk level back perhaps.

Thrugelmir

Moe_The_Bartender wrote: »

The MAN GLG fund is full of dogs.

Yet people espouse the S&P 500 as being paved in gold. Strange world when people view financially sound companies as "dogs". Not every company can be a greyhound. Business is in reality far more mundane.

Linton

Moe_The_Bartender wrote: »

With 30 years to retirement, I'd be 100% in equities.

The MAN GLG fund is full of dogs. Something like Evenlode UK Income and/or Lindsell Train UK Equity would be better in my view.

The Man GLG fund is the best performing UK equity income fund over the past 5 years. It also happens to be the best performing fund of all my investments since I bought it 3 months ago as part of the re-organisation of my income portfolio. What makes you think it's full of dogs? What is the problem with Glaxo, Shell, IAG, L&G etc and a broad holding across all company sizes.



According to Morningstar, Man GLG is a "value" fund as opposed to both Lindsell Train UK Equity and Evenlode which are both "growth" focussed and so are not direct alternatives. A properly diversified portfolio needs both growth and value underlying investments. In any case Evenlode UK Income seems to be closed to new investors.

[Deleted User]

The Man GLG fund is the best performing UK equity income fund over the past 5 years. It also happens to be the best performing fund of all my investments since I bought it 3 months ago

...because chasing performance works so well. And 3 months is totally meaningful.

Over its lifetime (since 2004) the fund underperformed FTSE AllSh. Not by a lot. Looks like a closet tracker underperforming by TER over sufficiently long periods of time.