Anyone dumping Fundsmith?

aroominyork

Linton said:

Prism said:

ColdIron said:

Just idle curiosity on a lazy Sunday morning, VWRP rather than VHVG?

I have quite a bit of VWRP in one of my accounts but will soon start switching some funds in one of mWhen y ISAs to a tracker and am strongly considering developed world only. VWRP is more diverse for sure but I'm not 100% sold on the value of EM over a shortish period, I'm no spring chicken any more

I am of the same mind.  I have used an allocation to emerging markets all the way through accumulation but as I get get closer to retirement I am intending on removing direct EM exposure and just getting it through developed markets. All the evidence I have seen suggests that EM exposure increases gains slightly over the long term, but I would prefer a slightly reduced more stable return.  Not quite ready to pull the plug on a China upturn just yet - but soon.

I take a different view.  Since I dont use growth investments for short/medium term income I am not planning on using my growth investments for 10 years or more, small companies  and EM at around 20-25% (almost entirely SE Asia) seem fine to me.  Furthermore since a key requirement is to control specific risk I want to keep US within 40-45% of the total.  This leaves plenty of % space for other things.  

Same here. When I started DIYing I was nervous about the level of US exposure global weighting would give. Linton's previous posts, and reading about a model of 40% US, 30% UK/Europe and 30% Japan/AP/EM seemed sensible. Obviously being underweight US hasn't played out well recently but I'm not going to meddle now, beyond having let US move higher up a 40-45% range. ChesterDog's analysis is interesting but I am not going to drop Fundsmith (I hold Sustainable to avoid Philip Morris so I missed the Meta boost). I think the strategy is sound, although maybe a little of the reason is so I can feel smug about choosing TS over Nick Train. I never felt comfortable with NT's obsession with brands; TS's broader perspective and inclusion of B2B as well as B2C seems so much more rounded.