SSON

aroominyork

csgohan4 said:

aroominyork said:

csgohan4 said:

SSON is a good option for small caps, I use BG Discovery myself, but personal preference

Smithson is not small cap. It is mid cap. In fact, by Morningstar's categories, it holds more large cap than small cap https://www.morningstar.com/cefs/xlon/sson/portfolio

It does cover small cap as well according to the KIID as well.Yes it cover mid as well

'The Company’s investment policy is to invest in shares issued by small and mid sized listed or traded companies globally with a market capitalisation'

Indeed it does say that, but why not look at what's in the tin rather than what it says on the tin. It is a stretch to call SSON a small cap IT. This from Morningstar:

Prism

Why not call at a SMID fund since that is the index that Smithson uses itself as a benchmark. The weightings of that index seem close enough and can be seen in the image above. 

aroominyork

Prism said:

Why not call at a SMID fund since that is the index that Smithson uses itself as a benchmark. The weightings of that index seem close enough and can be seen in the image above. 

Yup, I can live with that! Though note that while SSON's holdings are similar to the benchmark MSCI ACWI SMID NR, it is much more mid-cap focused than its category of Global Small/Mid-Cap Equity. On a thread some time ago bowlhead explained the difference between benchmark and category - if only he were still around...

kuratowski

aroominyork said:
On a thread some time ago bowlhead explained the difference between benchmark and category - if only he were still around...

Perhaps someone can dig him up...?

aroominyork

aroominyork said:

Prism said:

Why not call at a SMID fund since that is the index that Smithson uses itself as a benchmark. The weightings of that index seem close enough and can be seen in the image above. 

Yup, I can live with that! Though note that while SSON's holdings are similar to the benchmark MSCI ACWI SMID NR, it is much more mid-cap focused than its category of Global Small/Mid-Cap Equity. On a thread some time ago bowlhead explained the difference between benchmark and category - if only he were still around...

I found the thread. It wasn't bowlhead after all. https://forums.moneysavingexpert.com/discussion/6052023/benchmark-vs-category

kuratowski said:

aroominyork said:
On a thread some time ago bowlhead explained the difference between benchmark and category - if only he were still around...

Perhaps someone can dig him up...?

Leave him to his wombling.

Thrugelmir

Moe_The_Bartender said:

Thrugelmir said:

What's your investment rational for buying this particular trust?  YTD performance is neither here nor there. As it's a concentrated fund. Are there particular holdings of interest? 

YTD 5.98%. That would be about 13% annualised. From inception 24.1% annualised. I don’t call that neither here nor there.

Simply reflects the lifting of the negative bias towards the UK markets post Brexit and the start of the vaccination programme last year. Something that you'll find across the board with UK domestically focused IT's.  

Moe_The_Bartender

Thrugelmir said:

Moe_The_Bartender said:

Thrugelmir said:

What's your investment rational for buying this particular trust?  YTD performance is neither here nor there. As it's a concentrated fund. Are there particular holdings of interest? 

YTD 5.98%. That would be about 13% annualised. From inception 24.1% annualised. I don’t call that neither here nor there.

Simply reflects the lifting of the negative bias towards the UK markets post Brexit and the start of the vaccination programme last year. Something that you'll find across the board with UK domestically focused IT's.  

I'm sorry if I'm being a bit dim but SSON is under 20% UK. Can you clarify?

Thrugelmir

Moe_The_Bartender said:

Thrugelmir said:

Moe_The_Bartender said:

Thrugelmir said:

What's your investment rational for buying this particular trust?  YTD performance is neither here nor there. As it's a concentrated fund. Are there particular holdings of interest? 

YTD 5.98%. That would be about 13% annualised. From inception 24.1% annualised. I don’t call that neither here nor there.

Simply reflects the lifting of the negative bias towards the UK markets post Brexit and the start of the vaccination programme last year. Something that you'll find across the board with UK domestically focused IT's.  

I'm sorry if I'm being a bit dim but SSON is under 20% UK. Can you clarify?

Rerating of many UK company share prices.  Fevertree is up some 25% in the past year. 

Shocking_Blue

Thanks, guys.

Was really to cater for mid-cap but not too risky.

bostonerimus

I'm a low cost tracker investor, so SSON is not attractive to me because of its 1% charge and small number of holdings. I also make it a rule to never buy funds run by "star managers".