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[Deleted User]

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hoc

Looking for similar. Some of the other active ones didn't make much sense being actively managed for example VMOM. VVAL as actively managed made sense and I would have been surprised had I not earlier in the year seen the news on VUVLX.

AnotherJoe

Looking at its performance, why would you want something similar ?

[Deleted User]

The iShares alternative IWFV

Linton

AnotherJoe said:

Looking at its performance, why would you want something similar ?

"Value" generally has performed poorly in recent years, being eclipsed by the boom in "Growth" but the situation has been rather different in the past and could be again. Also Value could provide some protection against major economic fluctuations. For a diversified portfolio I think it would be wrong to ignore it. 

Using the Morningstar Fund Screener the only mainstream fund I can find with a broad sector allocation that seems to tick the same boxes as VVAL is Liontrust Global Income.  The Screener is not able to select ITs or ETFs on the necessary factors.

Radiantsoul

I guess these funds are not that popular. I think the total fund size includes the USA, so it might not be $170m in assets that is looking to go somewhere else.
VLIQ is odd. It has only about $11m of assets and 1200 holdings. And they are all illiquid.

ossian

I have to say that this could be the worst time imaginable for closing a UK value fund.  I get that value has been out of fashion for a long time and so has the FTSE100 however a return of the style is inevitable and it seams unlikely that one will have to wait long given the way everyone buys growth and the eyewatering valuations that result.  Growth has been running on momentum for quite a long time but when things switch to value there will be little to hold value back given the relative valuation of value to growth.

As ever there is no way of knowing when the growth momentum will peter out but it will.  I can remember when nobody could imagine growth ever performing and pointed to the historic returns of growth funds and said why would anyone buy them.  I can also remember buying UK large caps because they had better historic growth than  everywhere except the US.  As ever when the market turns most investors are caught on the wrong side of the trade and it takes a lot of assets to ride out the market being against you.

Linton

Deleted_User said:

The iShares alternative IWFV

It doesnt have a small cap tilt which seems to be a major requirements

ossian said:

I have to say that this could be the worst time imaginable for closing a UK value fund.  I get that value has been out of fashion for a long time and so has the FTSE100 however a return of the style is inevitable and it seams unlikely that one will have to wait long given the way everyone buys growth and the eyewatering valuations that result.  Growth has been running on momentum for quite a long time but when things switch to value there will be little to hold value back given the relative valuation of value to growth.

As ever there is no way of knowing when the growth momentum will peter out but it will.  I can remember when nobody could imagine growth ever performing and pointed to the historic returns of growth funds and said why would anyone buy them.  I can also remember buying UK large caps because they had better historic growth than  everywhere except the US.  As ever when the market turns most investors are caught on the wrong side of the trade and it takes a lot of assets to ride out the market being against you.

VVAL is a global fund.  As regards timing - surely one of the best times to buy into a sector is when it is out of favour.

Shocking_Blue

Sorry if I'm reading this wrong, but doesn't VMID have a UK mid/ small cap tilt (from what I could glean from Morningstar stock map)? Just asking as I'm also interested in adding UK mid/small to my portfolio.
Thanks

Another_Saver

Shocking_Blue said:

Sorry if I'm reading this wrong, but doesn't VMID have a UK mid/ small cap tilt (from what I could glean from Morningstar stock map)? Just asking as I'm also interested in adding UK mid/small to my portfolio.
Thanks

/
VMID doesn't have a tilt per se, it's just a FTSE 250 index tracker, and the FTSE 250 is considered to be the UK mid cap. Tilt generally means that a fund is trying to do something other than the vanilla index.
I'm a big 250 fan, we share a birthday and it's 1/3 of my portfolio. I also think that its outperformance of just about everything since 2000 can continue for the foreseeable future, but not indefinitely, and the size of the outperformance must necessarily be smaller, for reasons too academic for this thread.

Thrugelmir

With a proliferation of ETF's now available to investors. Consolidation is inevitable. Those with scale and liquidity will survive as long as there's a sufficient demand. A $170 million of assets under management to Vanguard is chicken feed. At 0.22% not that cheap either.