80/20 multi-asset funds

slapPCM

csgohan4 said:

Prism said:

Baillie Gifford Managed is one of my favourite multi asset funds around the 70% to 80% equity level

Agreed I use them for my satellites, they also manage their star performer SMT.  Surprisingly Vanguard sub contract to BG to manage their global equities active fund. 

After a long hard (well not really) look, I decided to use them as satellite as well, so no mymap6 this round lol

great suggestion @Prism

[Deleted User]

slapPCM said:

csgohan4 said:

Prism said:

Baillie Gifford Managed is one of my favourite multi asset funds around the 70% to 80% equity level

Agreed I use them for my satellites, they also manage their star performer SMT.  Surprisingly Vanguard sub contract to BG to manage their global equities active fund. 

After a long hard (well not really) look, I decided to use them as satellite as well, so no mymap6 this round lol

great suggestion @Prism

I have the active Vanguard fund as well (it's a blend fund with two management teams BG and Wellington, in effect Growth and Value.
My wife has the BG Managed as well on HL, which has a discount and is only 0.28% OCF

slapPCM

Albermarle said:

aroominyork said:

HSBC Global Strategy Balanced currently has a little under 60% in equities but over five years had outperformed VLS60. Is that because it has been successful in its asset allocation in different market conditions or because, unlike VLS, it does not overweight the UK?

I am pretty sure it is the UK weighting . Blackrock Consensus funds performance have suffered from the same problem. 
The problem is more the equity home bias , I am thinking non equity home bias ( UK gilts etc ) is less of an issue.

not saying the uk bias of VLS is not high, but recent two months, vls80 growth is 2.23% while hsbc dynamic is 1.56%. Of course given how volatile is atm, the "growth" has been bouncing rapidly even dip into red on occasions...

slapPCM

Deleted_User said:

slapPCM said:

csgohan4 said:

Prism said:

Baillie Gifford Managed is one of my favourite multi asset funds around the 70% to 80% equity level

Agreed I use them for my satellites, they also manage their star performer SMT.  Surprisingly Vanguard sub contract to BG to manage their global equities active fund. 

After a long hard (well not really) look, I decided to use them as satellite as well, so no mymap6 this round lol

great suggestion @Prism

I have the active Vanguard fund as well (it's a blend fund with two management teams BG and Wellington, in effect Growth and Value.
My wife has the BG Managed as well on HL, which has a discount and is only 0.28% OCF

Is it this one? https://www.vanguardinvestor.co.uk/investments/vanguard-global-equity-gbp-accumulation-shares?intcmpgn=equityglobal_globalequityfund_fund_link

I mean, I appreciate multi-assets blending trackers, but blend BG and Wellington looks a bit pointless to me...

aroominyork

slapPCM said:

Deleted_User said:

slapPCM said:

csgohan4 said:

Prism said:

Baillie Gifford Managed is one of my favourite multi asset funds around the 70% to 80% equity level

Agreed I use them for my satellites, they also manage their star performer SMT.  Surprisingly Vanguard sub contract to BG to manage their global equities active fund. 

After a long hard (well not really) look, I decided to use them as satellite as well, so no mymap6 this round lol

great suggestion @Prism

I have the active Vanguard fund as well (it's a blend fund with two management teams BG and Wellington, in effect Growth and Value.
My wife has the BG Managed as well on HL, which has a discount and is only 0.28% OCF

Is it this one? https://www.vanguardinvestor.co.uk/investments/vanguard-global-equity-gbp-accumulation-shares?intcmpgn=equityglobal_globalequityfund_fund_link

I mean, I appreciate multi-assets blending trackers, but blend BG and Wellington looks a bit pointless to me...

It isn't the only active Vanguard fund where they use more than one fund manager to achieve a blended portfolio. Vanguard Global Emerging Markets Fund (GB00BZ82ZY13) buys in three fund managers: Baillie Gifford for growth, and then Oaktree and Pzena, one for core and the other for value.

Albermarle

slapPCM said:

Albermarle said:

aroominyork said:

HSBC Global Strategy Balanced currently has a little under 60% in equities but over five years had outperformed VLS60. Is that because it has been successful in its asset allocation in different market conditions or because, unlike VLS, it does not overweight the UK?

I am pretty sure it is the UK weighting . Blackrock Consensus funds performance have suffered from the same problem. 
The problem is more the equity home bias , I am thinking non equity home bias ( UK gilts etc ) is less of an issue.

not saying the uk bias of VLS is not high, but recent two months, vls80 growth is 2.23% while hsbc dynamic is 1.56%. Of course given how volatile is atm, the "growth" has been bouncing rapidly even dip into red on occasions...

If you look at the lower equity funds you see the HSBC Conservative outperforming VLS 40 at all time scales and both outperforming Blackrock consensus 60 , which seems particularly poor . Probably why they launched the mymap series with no UK bias .

slapPCM

Albermarle said:

slapPCM said:

Albermarle said:

aroominyork said:

HSBC Global Strategy Balanced currently has a little under 60% in equities but over five years had outperformed VLS60. Is that because it has been successful in its asset allocation in different market conditions or because, unlike VLS, it does not overweight the UK?

I am pretty sure it is the UK weighting . Blackrock Consensus funds performance have suffered from the same problem. 
The problem is more the equity home bias , I am thinking non equity home bias ( UK gilts etc ) is less of an issue.

not saying the uk bias of VLS is not high, but recent two months, vls80 growth is 2.23% while hsbc dynamic is 1.56%. Of course given how volatile is atm, the "growth" has been bouncing rapidly even dip into red on occasions...

If you look at the lower equity funds you see the HSBC Conservative outperforming VLS 40 at all time scales and both outperforming Blackrock consensus 60 , which seems particularly poor . Probably why they launched the mymap series with no UK bias .

I see....that makes sense re blackrock

Albermarle

Prism said:

Baillie Gifford Managed is one of my favourite multi asset funds around the 70% to 80% equity level

After looking at the recent performance, especially the recovery from the March market slide , I am not surprised it is your favourite  Plus quite cheap for a managed fund , so hats off to them .

Thrugelmir

aroominyork said:

HSBC Global Strategy Balanced currently has a little under 60% in equities but over five years had outperformed VLS60. Is that because it has been successful in its asset allocation in different market conditions or because, unlike VLS, it does not overweight the UK?

Would have benefited from the exchange rate movement. Something that needs to be factored in. When assessing an appetite for risk and volatility. $ was around $1.55 some 5 years ago. Not a one way bet either from current exchange rate levels. 

aroominyork

Pretty much anything beginning "Baillie Gifford" has done well this year, but past performance is no guide to... something or the other.