SSON

Prism

bostonerimus said:

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".

Just to be a touch pedantic, SSON isn't run by Terry Smith but by Simon Barnard. There is some oversight of course.

bostonerimus

Prism said:

bostonerimus said:

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".

Just to be a touch pedantic, SSON isn't run by Terry Smith but by Simon Barnard. There is some oversight of course.

Yes, but I think people come to Smithson because of Terry Smith. 

quirkydeptless

bostonerimus said:

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".

I had this same thought about Neil Woodford a while back thinking, "but what would happen to his fund if something unfortunate happened to him, like an untimely death", so I sold out. 

I hadn't anticipated what his series of  "unfortunate" events would eventually lead to , but I concur with avoiding "star" managers.

Shocking_Blue

I hadn't even considered the 'star manager' thing, or in fact who ran this fund. Was just looking for a decent mid-cap satellite fund. This aspect of the fund is something I'll use when monitoring it, though.
Thanks.

talexuser

Terry Smith had a lot of experience of fund managers before he started Fundsmith, and is on record as not being at all impressed. His style is not that far from Buffett, and the style is the house USP. If he disappeared and the style changed, there would be a lot of outflows I guess. Nothing wrong with trackers, you just get slightly less than  index performance, if you want a punt to get ahead you go active, but that needs more diligence in judging when to jump ship.