Personal Assets Trust vs Trojan O Acc

MichelleN

Are there any other WP OEIC funds to consider apart from the Trojan 0/X and CG Absolute Return M funds? I would like to research some other OEIC funds so any suggestions would be appreciated apart from the usual multi asset VLS/HSBC/L&G Multi Index funds etc.

Aminatidi

MichelleN said:

Are there any other WP OEIC funds to consider apart from the Trojan 0/X and CG Absolute Return M funds? I would like to research some other OEIC funds so any suggestions would be appreciated apart from the usual VLS/HSBC/L&G Multi Index funds etc.

Ruffer is usually thought of as wealth preservation.

Again there's an investment trust and an open ended fund.

StellaN

IMO now the Trojan X Class is available via several platforms for this fund (IWeb, AJ Bell, Fidelity & HL) at an OCF of 0.87%, then this makes it more attractive to me rather than pay the 0.5% stamp duty for PNL, especially if you are investing a significant sum. Although PNL has held up well during the past couple of months the Trojan fund has been slightly less volatile compared to the IT as you would expect and there is also no premium/discount to consider even though this is well controlled. Personally when the Trojan O class was only available at an OCF of 1.02% then this made PNL more attractive. It's a very close call.    

Aminatidi

One thing I've noticed is that when there is an OEIC and an investment trust variant of what is roughly the same thing and where the manager has skin in the game it tends to be in the investment trust rather than the fund.

There may be reasons for those but I mention it simply as it feels like it may be relevant.

You've mentioned platforms and keep in mind platform fees may make a significant difference over a long period of time whilst stamp duty whilst unpleasant is at least a one off hit.

NedS

Aminatidi said:

You've mentioned platforms and keep in mind platform fees may make a significant difference over a long period of time whilst stamp duty whilst unpleasant is at least a one off hit.

That was my thinking. On HL for example, fees are capped for IT's so on a relatively large portfolio one may be paying 0.45% ongoing platform fee to hold Troy Trojan (X) versus a one off 0.5% stamp duty payment to buy and hold the IT.

StellaN

From my perspective there is no fee to hold Trojan X on IWeb in my ISA portfoio. I could then hold PNL or CGT in my SIPP portfolio with Fidelity with charges capped at £45 per annum.
You mentioned HL, if you have over £250K invested with them the platform charge would be 0.25% for funds and the Trojan X OCF is discounted at 0.62% instead of 0.87%.  

MichelleN

Thanks to everyone for the opinions/comments. As per StellaN above, It makes sense for me to invest in Trojan X in my ISA with IWeb at an OCF of 0.87% with no platform fee. I can then invest in CGT or PNL in my SIPP with Fidelity with fees capped at £45 per annum. It's interesting to see that Trojan Ethical also have an X class and is basically very similar indeed to the Trojan fund but with better performance since its launch. 

A_T

I'm not impressed with these funds - especially CGT and it's eccentric choice of equities. They are a big bet on TIPs which are at negative yields and there's no guarantee they will protect against inflation. I'd do my own thing with a global equity index tracker and a global government bond fund - in what proportion is dependent on how much risk you want to take.

Thrugelmir

A_T said:

I'm not impressed with these funds - especially CGT and it's eccentric choice of equities. They are a big bet on TIPs which are at negative yields and there's no guarantee they will protect against inflation. I'd do my own thing with a global equity index tracker and a global government bond fund - in what proportion is dependent on how much risk you want to take.

Much depends on your personal objectives and time frame. Not an alternative but an addition to a diversified portfolio.

Sue58

A_T said:

I'm not impressed with these funds - especially CGT and it's eccentric choice of equities. They are a big bet on TIPs which are at negative yields and there's no guarantee they will protect against inflation. I'd do my own thing with a global equity index tracker and a global government bond fund - in what proportion is dependent on how much risk you want to take.

In my opinion at the moment you could probably earn more interest from fixed interest savings accounts than government bonds. If you look on Trustnet Trojan X has stood up well over the past few months better than VLS40 or 20 with less volatility so I think it’s doing it’s job.