OEIC Alternatives to IT's BNKR or FCIT

MichelleN

A lot of the global OEIC's seem to be highly concentrated funds with 25-50 holdings and do not appear to very diversified over sectors and regions. These include the usual suspects Fundsmith, LTGE, Rathbone Global Opportunties, Trojan Global Equity etc.
Can anybody suggest any global OEIC funds (for me to research) that are more in line with global IT's such as Bankers (BNKR) or Foreign & Colonial IT (FCIT)? Funds that have a lot more holdings and are diverse over sectors and regions. I would prefer to invest in a global OEIC rather than a global IT for a number of reasons so any suggestions would be welcome.        

dont_look_now

Vanguard Global Equity Fund is an actively[sic] managed fund with 199 holdings. Just an example. I suspect many global funds are broadly diversified, and it's just the highly hyped funds that are more concentrated (plus of course, the previously hyped funds, which have crashed and burned).

Thrugelmir

There's Orbis OEIC Global Equity Fund. 
With OEIC's you are not going to get the exposure to the more illiquid type of investments that the IT's hold. 

talexuser

BNY Melon Global Income has not done too bad for me, and I have a small punt on Evenloade Global Income, which has done well over 1 year (as well as having the ITs you mention). Fundsmith and LT are global only in a sense in that they are concentrated active funds with a defined remit and therefore will be different to a fund with more holdings which by definition will be nearer a tracker. Most global will have a large US chunk, and that outperformance will not last forever, although Trump may do his upmost to try and make it last till November. With a pandemic slowdown on the horizon it might be the time to think of some defensive funds in the short term.

atush

Why not invest i the ITs?  i hold both.

cloud_dog

Michelle, are you looking for a global fund that, in essence, tracks an index so as to include broad exposure to many stocks?

Of the top of my head....
Fidelity Index World
L&G International Index
Vanguard Global All Cap
HSBC MSCI World Index

(Or have I misunderstood your focus)

bowlhead99

cloud_dog said:

Michelle, are you looking for a global fund that, in essence, tracks an index so as to include broad exposure to many stocks?

Of the top of my head....
Fidelity Index World
L&G International Index
Vanguard Global All Cap
HSBC MSCI World Index

(Or have I misunderstood your focus)

No, she is looking for an actively managed fund with similar ethos and exposures to investment trusts such as Bankers or F&C IT. Not a cap-weighted index.

So yes, misunderstood the focus 

cloud_dog

Oh well, good luck with the search.

MichelleN

atush said:

Why not invest i the ITs?  i hold both.

Yes, it looks as if I will invest in a selection of global IT's as there appears to be no OEIC alternatives. Because its a fairly large sum of money I was hoping to find a suitable alternative to eliminate the stamp duty costs and avoid the extra risk of discounts/premiums and also in the case of FCIT the gearing.  

Albermarle

Yes, it looks as if I will invest in a selection of global IT's

Presume that you are aware that some platforms have low capped fees for holding IT's ? ( HL, Fidelity & AJ Bell) 

StellaN

As far as I know there are no real alternative OEIC's to the two global IT's you mentioned. However, if you decided to invest in global IT's then as Albermarle pointed out certain platforms have low capped fees which will eventually go some way to reducing your initial outlay in stamp duty. Your concerns about gearing and premium/discounts is another matter but IMO neither of these trusts are excessive in this regard.