Additional fund recommendations?

ger88

Currently have a PF consisting of the following and would like to add another fund.  Minimum 10 year investment. Appreciate any thoughts....

VLS80
Fundsmith Equity 
Baillie Gifford Long term global 
Legal & Genral global tech 

So some I've looked at are Rathbone global, Blue Whale and BG Pacific

Thanks 

Alistair31

ger88 said:

 and would like to add another fund.  

To what end? What are you trying to achieve?

Voyager2002

Barings German Growth has gone down so much over the last couple of years it will surely go up again over the next decade. Or be liquidated.

Thrugelmir

Adding yet another global orientated equity fund isn't going to help the lack of diversification and highly correlated nature of your portfolio. 

Moe_The_Bartender

If you want another global fund, you might want to take a look at private equity, something like HVPE but it’s definitely a long term hold.

dunstonh

I cannot immediately spot a recognised investment strategy with your existing holdings.     Is there one or is it just random hit and hope?

AnotherJoe

A Small companies fund. Bailie Gifford and terry Smith do one. 

aroominyork

AnotherJoe said:

A Small companies fund. Bailie Gifford and terry Smith do one. 

Although I agree with others that we need more info, the OP should consider some diversification in style. S/he already has high exposure to tech-heavy growth so I'm not sure BG/Smithson is the way to go.

On a wider point, BG is an interesting one - the company has had a stellar few years so to what degree have people missed the boat?

Alistair31

aroominyork said:

AnotherJoe said:

A Small companies fund. Bailie Gifford and terry Smith do one. 

Although I agree with others that we need more info

Hopefully not another hit and run poster.

bowlhead99

aroominyork said: 

On a wider point, BG is an interesting one - the company has had a stellar few years so to what degree have people missed the boat?

BG itself (the investment management company) is not stock market listed but is a private partnership running a financial services business - you can't invest in that business, you can invest in the investment fund products that they manage.

In terms of 'missing the boat', an investment in a collective investment scheme is generally not that same thing as an investment in an individual company.

For example you could look at Apple and Google and think OK, these are great big companies with high valuations, I have 'missed the boat' now because I didn't invest in them when the shares were $50 or $100 and now everybody knows all about them because they are trillion dollar companies, I missed the opportunity to get in before people found out about them and they grew. Just like I didn't know five years ago that Fevertree was going to grow its share price 10-20x as people found out about it being a well positioned specialist drinks business, but know they have heard of it and the great window of opportunity is behind us.

Whereas, just because a fund run by BG has had some great portfolio performance in recent years, that doesn't mean the opportunities are gone for it to find interesting businesses at attractive valuations or with better growth prospects than the rest of the market expects. The portfolio is always under review and things will drop in and out, for better or worse. 

Obviously investing in a growth portfolio in 2000 and holding for a couple of decades over two long equity 'bull' markets is something that is a nice thing to do and the last two decades (450-500% return for BG UK Smaller compared to 120% for UK Smallcap index, 300% for IA UK Smallcap sector, 350-400% for FTSE  250), might have been better than the next two decades will be from here. But BG can create a 'clean slate' whenever they like by getting rid of things where the boat has sailed and adding things where the boat has not yet been missed.   So I wouldn't say 'the boat has sailed' on BG's funds, whether it is UK Smaller cos or  global growth or Japanese Smaller cos (400% over a decade). The markets in which they are investing may have headwinds, which may be stronger now than in 2010, but that doesn't mean you've missed out and shouldn't bother using them.

They do favour a growth style -  so if you think growth is now dead and value is where people should be looking, then you may prefer a different management group.

csgohan4

Quite global heavy , apart from the tech funds, no real strategy. 

What is your strategy?
no bonds?, emerging markets? Small caps/ mid caps? UK equities e.t.c