% to each region of the world?? Challenge

Venomspread3r

That's good to know @Hoenir thanks for that.

george4064

My ISA is split approximately 55% US, 5% UK, 5% Japan, 10% EM, 10% Asia Pacific, 15% Europe

Venomspread3r

george4064 said:

My ISA is split approximately 55% US, 5% UK, 5% Japan, 10% EM, 10% Asia Pacific, 15% Europe

Hi @george4064 thanks for the comment.
That seems pretty solid what funds do you use if you don't mind me asking?

kempiejon

A few years ago I set up my SIPP, I use Vanguard ETFs and although percentages are changing and I occasionally rebalance rough numbers just now are
USA 50%
Developed Europe ex UK 17%
Japan 10%
Developed Asia ex Japan 10%
Emerging Markets 11%
India 2%
I'm adding more to my stake in India most months but not the rest.

No UK in there as I hold mostly UK in ISAs. My total portfolio is UK biased but reducing as I buy global in ISAs now.

Venomspread3r

@kempiejon I like those weights & you're the first person I've seen with India included but I like it.
It makes me think should I have gone down this route instead of a global all world fund ..but I'm sure we all have those thoughts from time to time.

But let me ask you IF you didn't have a lot of UK there what would your UK % Be? 

kempiejon

Venomspread3r said:

@kempiejon I like those weights & you're the first person I've seen with India included but I like it.
It makes me think should I have gone down this route instead of a global all world fund ..but I'm sure we all have those thoughts from time to time.

But let me ask you IF you didn't have a lot of UK there what would your UK % Be? 

Singling out India is just my hunch and is included globally in my emerging market etf already.
If I hadn't already had built a UK portfolio before I made my SIPP who knows. Rationally sub 5% as it's such a weight globally. There is something to be said for having a home bias but I don't know what it is. 

But when I started ISAing 20 something years back I enjoyed researching and buying individual shares and those days economically the UK was the only market available to me as a starting stock picker. I have UK stocks with international reach, they trade global but are listed on the UK market, oil and mining majors, global brands, tobacco, defence etc. 

I now know I would have been richer if I had started with and stuck to a global tracker if I could buy such a thing in those day.
I learnt loads investing and enjoyed it, I'm not so fussed now but I'm happy to hold my investments as is.

Venomspread3r

masonic said:

For the trackers I have gone regional, as this gives me a bit more control and allows me to accommodate my legacy actively managed holdings (these are all investment trusts). I have a bit of a mix, spread over different accounts. I use CSP1 for all of my US exposure in my ISAs, then Lyxor and iShares ETFs for Europe and EM, and the iShares Class D OEIC funds for Pacific and Japan. These were what I considered to be the best options at the time, several years ago, and I'm not one to switch funds unless there's a very good reason (marginal savings in fees are worth it after accounting for bid/offer spread or swing pricing for the single priced funds). Overall my fees are currently 0.27% including all custody charges. They are rather high due to the active funds (the trackers themselves are between 0.07-0.14%).

However, I have a workplace pension that is 100% HSBC FTSE All-world Class C OEIC. It happened to be the cheapest option on my pension platform, and this is gradually moving my portfolio closer to an all-world allocation.

I don't recommend this approach for anyone else, not least someone designing a new portfolio. I think there is a lot to be said for the simplicity of something like FWRG if you want 100% equities. If there is a major market crash in the next few years (there probably will be), I don't rule out switching my portfolio into a neutral all-world allocation. The aftermath of market crashes is often a good time to take stock and rebalance after things have been levelled out and valuations look more attractive.

@masonic is there a reason you have 2 global funds albeit in 2 places (work pension and/or ISA/SIPP) Im having the same sort of issue and wondering should I just attack one 

https://forums.moneysavingexpert.com/discussion/6555291/am-i-overlapping#latest

masonic

Venomspread3r said:

masonic said:

For the trackers I have gone regional, as this gives me a bit more control and allows me to accommodate my legacy actively managed holdings (these are all investment trusts). I have a bit of a mix, spread over different accounts. I use CSP1 for all of my US exposure in my ISAs, then Lyxor and iShares ETFs for Europe and EM, and the iShares Class D OEIC funds for Pacific and Japan. These were what I considered to be the best options at the time, several years ago, and I'm not one to switch funds unless there's a very good reason (marginal savings in fees are worth it after accounting for bid/offer spread or swing pricing for the single priced funds). Overall my fees are currently 0.27% including all custody charges. They are rather high due to the active funds (the trackers themselves are between 0.07-0.14%).

However, I have a workplace pension that is 100% HSBC FTSE All-world Class C OEIC. It happened to be the cheapest option on my pension platform, and this is gradually moving my portfolio closer to an all-world allocation.

I don't recommend this approach for anyone else, not least someone designing a new portfolio. I think there is a lot to be said for the simplicity of something like FWRG if you want 100% equities. If there is a major market crash in the next few years (there probably will be), I don't rule out switching my portfolio into a neutral all-world allocation. The aftermath of market crashes is often a good time to take stock and rebalance after things have been levelled out and valuations look more attractive.

@masonic is there a reason you have 2 global funds albeit in 2 places (work pension and/or ISA/SIPP) Im having the same sort of issue and wondering should I just attack one 

https://forums.moneysavingexpert.com/discussion/6555291/am-i-overlapping#latest

A few reasons

1) My main S&S ISA has a capped platform fee for exchange traded holdings, so I can save money by opting for ETFs and ITs rather than OEICs/UTs, whereas my pension levies the same charge regardless of holdings (and doesn't offer as wide a range of holdings anyway).

2) My ISA contains various active funds, so I do not hold a global fund within it. Instead I have regional ETFs and tracker funds (these are held within a second S&S ISA with no custody fees) so that I can balance things more straightforwardly.

3) At the time I set up my portfolio, there wasn't a FTSE All-world or MSCI ACWI ETF with as low charges as the HSBC fund I hold in my pension, so it was cheaper to use multiple ETFs rather than a single one.

If it wasn't for those reasons, I would not hold different funds in different places covering the same ground.

Venomspread3r

Thanks @masonic as always I appreciate your transparency.

I AM covering the same ground with 2 separate funds (Pension/ISA) 2 all world portfolio's. 
I'm currently chucking £200 into each,
my FTSE all world ETF was established first on Invest Engine & until I just recently found out that my employer offered a shared salary Sacrifice AVC which means I save more.

I'm not sure what to do 🤦🏻‍♂️

I could either

A] leave the FTSE All world ISA Alone & just put the extra money into my AVC pension which is BlackRock all world Ex UK (I could amend this so it's 95% All world ex UK & add 5% UK equities that they offer making it an all world.

B] continue as I am £200 into AVC all world & £200 Into my ISA which is 90% All World 10% Gold

C] put £200 into AVC & put £200 into my ISA But In different fund/etf (I'd still have 10% Gold) 

I've got a good 15 years before I want to be more conservative but I'm a little bit unsure what to do ? I don't want to overlap but I don't feel like I need/want securities Just yet.

🤦🏻‍♂️

aroominyork

I'm also underweight US - I'm sure it will benefit me, one day....   N America 45%, UK 12% (the overweight is small caps), Europe 16%, Japan 8%, Emerging markets 12%, Developed AP 8%. 64% in index funds across the portfolio, with largest allocations to index funds in N America, Europe and Japan.