Hargreaves Lansdown (NEW Fund Launch) "HL US Fund"

ColdIron

Seems so, I thought it was this one - HL Select Global Growth

https://www.hl.co.uk/funds/fund-discounts,-prices--and--factsheets/search-results/h/hl-select-global-growth-shares-accumulation

But then I saw this - HL Growth Fund

https://www.hl.co.uk/funds/fund-discounts,-prices--and--factsheets/search-results/h/hl-growth-fund-accumulation

homestraight

dunstonh said:

As for investing in the US, in general, you never know what is coming next but, for UK based investors, its likely the next cycle will see US equity underperform Global equity.

That is not uncommon as you do tend to find that global vs US alternate with each cycle.  That doesn't mean it will but one of the major influences is exchange rate.   In this cycle, US equity has outperformed every other area.   This is despite US equities crashing.   However, UK investors have seen the US dollar rise and Sterling fall which improves returns from the US.   Against other currencies, Sterling is down but by nowhere near as much.  The main driver has been a strong dollar.  Looking ahead, at some point you would expect the US dollar to fall and that will create a drag on returns on unhedged funds.  If you couple if with a rise in Sterling, you could find the recovery in US equities gets wiped out for UK investors.     So, using a hedged US equity fund for some of your US equity allocation may be a good idea.     The hedged fund removes the influence of currency movements.

Thanks @dunstonh
Are there any hedged low cost us equity funds that you could suggest we might investigate further
Or are there any that other forum users use? 

Hs

dunstonh

Are there any hedged low cost us equity funds that you could suggest we might investigate further
Or are there any that other forum users use? 

I like the way you worded that question.  It allowed me to answer without falling foul of regulations.
Fidelity have a hedged index tracker....for your research

homestraight

dunstonh said:

Are there any hedged low cost us equity funds that you could suggest we might investigate further
Or are there any that other forum users use? 

I like the way you worded that question.  It allowed me to answer without falling foul of regulations.
Fidelity have a hedged index tracker....for your research

Thank you. I did consider how I might best ask! 
I'll take a look at this one for my next round of investment

george4064

dunstonh said:

Are there any hedged low cost us equity funds that you could suggest we might investigate further
Or are there any that other forum users use? 

I like the way you worded that question.  It allowed me to answer without falling foul of regulations.
Fidelity have a hedged index tracker....for your research

I use CSP1 ETF as my US equity tracker, they do have a GBP hedged equivalent with the ticker GSPX.

https://www.ishares.com/uk/individual/en/products/286083/ishares-core-s-p-500-ucits-etf

jimjames

homestraight said:

dunstonh said:

As for investing in the US, in general, you never know what is coming next but, for UK based investors, its likely the next cycle will see US equity underperform Global equity.

That is not uncommon as you do tend to find that global vs US alternate with each cycle.  That doesn't mean it will but one of the major influences is exchange rate.   In this cycle, US equity has outperformed every other area.   This is despite US equities crashing.   However, UK investors have seen the US dollar rise and Sterling fall which improves returns from the US.   Against other currencies, Sterling is down but by nowhere near as much.  The main driver has been a strong dollar.  Looking ahead, at some point you would expect the US dollar to fall and that will create a drag on returns on unhedged funds.  If you couple if with a rise in Sterling, you could find the recovery in US equities gets wiped out for UK investors.     So, using a hedged US equity fund for some of your US equity allocation may be a good idea.     The hedged fund removes the influence of currency movements.

Thanks @dunstonh
Are there any hedged low cost us equity funds that you could suggest we might investigate further
Or are there any that other forum users use? 

Hs

Very few if any funds beat the US index long term so cheapest tracker is normally a good idea. I use Vanguard

C_Mababejive

Im no expert but to me the fees are too high. Also i wouldnt say a 100% US fund is very diversified. I'd rather go in a global tracker.

aroominyork

dunstonh said:

As for investing in the US, in general, you never know what is coming next but, for UK based investors, its likely the next cycle will see US equity underperform Global equity.

That is not uncommon as you do tend to find that global vs US alternate with each cycle.  That doesn't mean it will but one of the major influences is exchange rate.   In this cycle, US equity has outperformed every other area.   This is despite US equities crashing.   However, UK investors have seen the US dollar rise and Sterling fall which improves returns from the US.   Against other currencies, Sterling is down but by nowhere near as much.  The main driver has been a strong dollar.  Looking ahead, at some point you would expect the US dollar to fall and that will create a drag on returns on unhedged funds.  If you couple if with a rise in Sterling, you could find the recovery in US equities gets wiped out for UK investors.     So, using a hedged US equity fund for some of your US equity allocation may be a good idea.     The hedged fund removes the influence of currency movements.

But woulds you expect a weaker dollar to coincide with a recovery in US equities?

STAVROS

USA is heading for recession according to Bloomberg backed by Amazon, Apple and Meta financial results this week.
"The latest recession probability models by Bloomberg economists Anna Wong and Eliza Winger forecast a higher recession probability across all timeframes, with the 12-month estimate of a downturn by October 2023 hitting 100%, up from 65% for the comparable period in the previous update."

Albermarle

STAVROS said:

USA is heading for recession according to Bloomberg backed by Amazon, Apple and Meta financial results this week.
"The latest recession probability models by Bloomberg economists Anna Wong and Eliza Winger forecast a higher recession probability across all timeframes, with the 12-month estimate of a downturn by October 2023 hitting 100%, up from 65% for the comparable period in the previous update."

On the other hand
US Economy Returns to Growth — but Maybe Not For Long (yahoo.com)