ASI GARS fund

Aged

I have the above fund in my portfolio, and I think the time has come to ditch it. Looking at the content of the fund, it's mainly invested in cash and bonds (67% / 29%). I was thinking of replacing it with something like Capital Gearing Trust. Would this be a sensible move?

Malthusian

Aged said:

Looking at the content of the fund, it's mainly invested in cash and bonds (67% / 29%).

That sounds like an inaccurate Trustnet summary to me.

If you go to the horse's mouth and look at abdrrr's own factsheet, you'll see that it's invested in the following:

Global Equity 25.9%
Commodity Carry 5.4%
Chinese Equity 5.2%
Cross-Market Risk Reverse Closed

And then it starts to get a bit silly.

Sensible move? If you have lost faith in ASIGARS's ability to bury your money in the ground then probably. Capital Gearing Trust wouldn't be my choice (too expensive for what it is) but if you're after a relatively cautiously invested multi-asset fund (roughly 45% equities / property, 45% bonds, 10% cash / other) it should do a job.

eskbanker

Aged said:

I have the above fund in my portfolio, and I think the time has come to ditch it. Looking at the content of the fund, it's mainly invested in cash and bonds (67% / 29%). I was thinking of replacing it with something like Capital Gearing Trust. Would this be a sensible move?

Nothing like enough information there for anyone to offer any meaningful thoughts on whether that would be sensible!

What are your objectives?
Over what sort of timescale?
Has the content of the fund surprised you?
Why did you choose it in the first place?
Why do you feel the time has come to ditch it?
What makes you think that CGT would be an appropriate replacement?
What's your risk tolerance?
What role does this holding perform within your portfolio?
etc, etc....

Aged

Malthusian said:

Aged said:

Looking at the content of the fund, it's mainly invested in cash and bonds (67% / 29%).

That sounds like an inaccurate Trustnet summary to me.

If you go to the horse's mouth and look at abdrrr's own factsheet, you'll see that it's invested in the following:

Global Equity 25.9%
Commodity Carry 5.4%
Chinese Equity 5.2%
Cross-Market Risk Reverse Closed

And then it starts to get a bit silly.

Sensible move? If you have lost faith in ASIGARS's ability to bury your money in the ground then probably. Capital Gearing Trust wouldn't be my choice (too expensive for what it is) but if you're after a relatively cautiously invested multi-asset fund (roughly 45% equities / property, 45% bonds, 10% cash / other) it should do a job.

Wow, how can Trustnet get it so wrong? Am I right in thinking that this makes the figures provided via the Trustnet portfolio planning tools pretty useless (as presumably it uses these incorrect figures)?

Maybe you could suggest some cheaper alternatives that you might choose, and I could have a look at them?

dunstonh

Wow, how can Trustnet get it so wrong?

I have seen mistakes several times.  Often it is down the data supplied by the fund house not mapping to the right areas.  Sometimes skipping a category and all the ones that follow being wrong (often due to unrecognised character corrupting the API).  Most fund houses correct it quite quickly when it is pointed out to them.

Am I right in thinking that this makes the figures provided via the Trustnet portfolio planning tools pretty useless (as presumably it uses these incorrect figures)?

They use stochastic modelling based on the underlying assets of the investments.  If the underlying assets are wrong then everything it outputs from that will be wrong too.

Aged

dunstonh said:

Wow, how can Trustnet get it so wrong?

I have seen mistakes several times.  Often it is down the data supplied by the fund house not mapping to the right areas.  Sometimes skipping a category and all the ones that follow being wrong (often due to unrecognised character corrupting the API).  Most fund houses correct it quite quickly when it is pointed out to them.

Am I right in thinking that this makes the figures provided via the Trustnet portfolio planning tools pretty useless (as presumably it uses these incorrect figures)?

They use stochastic modelling based on the underlying assets of the investments.  If the underlying assets are wrong then everything it outputs from that will be wrong too.

Thanks, Dunston. It just dawned on me that Capital Gearing is one of those companies that  'does not subscribe to Trustnet'. Not much use for modelling a portfolio then are they? 

Edit: Sorry, getting muddled. ASI GARS is the one we were talking about, and they DO subscribe to Trustnet. Totally useless!

ChesterDog

Non-subscribing funds can still be used in portfolio construction on Trustnet.

It just that TN won't carry the full, detailed information about the fund in question.

Albermarle

Malthusian said:

Aged said:

Looking at the content of the fund, it's mainly invested in cash and bonds (67% / 29%).

That sounds like an inaccurate Trustnet summary to me.

If you go to the horse's mouth and look at abdrrr's own factsheet, you'll see that it's invested in the following:

Global Equity 25.9%
Commodity Carry 5.4%
Chinese Equity 5.2%
Cross-Market Risk Reverse Closed

And then it starts to get a bit silly.

Sensible move? If you have lost faith in ASIGARS's ability to bury your money in the ground then probably. Capital Gearing Trust wouldn't be my choice (too expensive for what it is) but if you're after a relatively cautiously invested multi-asset fund (roughly 45% equities / property, 45% bonds, 10% cash / other) it should do a job.

I had this in a SW pension ( not any more ) but out of interest looked at the current factsheet for SW - Standard Life Global absolute Return .  As of 31/12 2021

Bonds 28% 
Cash 68% 

Something strange going on.....

Malthusian

ASI GARS has a very strange list of holdings.

I can't really blame a fund data aggregator for not being able to categorise "Favoured FX Carry - Long Favoured Defensive Currencies - Global Currencies Behavioural Relative Value" into their boxes. And there is bound to be a disclaimer in their terms of use to the effect of "For entertainment purposes only".

If you understand what ASI GARS holds you wouldn't use a free tool like Trustnet to model it.

Aged

Malthusian said:

ASI GARS has a very strange list of holdings.

I can't really blame a fund data aggregator for not being able to categorise "Favoured FX Carry - Long Favoured Defensive Currencies - Global Currencies Behavioural Relative Value" into their boxes. And there is bound to be a disclaimer in their terms of use to the effect of "For entertainment purposes only".

If you understand what ASI GARS holds you wouldn't use a free tool like Trustnet to model it.

I did not buy it, and I don't understand what it holds. My main issue with it is that it hasn't done well for me, hence I want to get rid of it and replace it with something else!

edit: PS I ask these questions because I'm trying to learn!

Aged

Deleted_User said:

Aged said:

I did not buy it, and I don't understand what it holds.

But have you sacked whoever did buy it?

They're no longer acting for me.