JM Finn Global Opportunities

wombat42_2

shokadelika wrote: »

Actually a little known fund from Marlborough MFM Ishares Commodities has been motoring of late invests in Agriculture,Gold,Grains etc but the actual Etf's not equities so you have direct exposure.
http://www.h-l.co.uk/fund_research/security_details/sedol/B195JD8.hl

I think this is what I have been looking for for ages. Are there any other fund like this that actively manage all commodity ETFs directly rather than commodity companies shares ? Investing directly in an ETF is rather like investing in a tracker fund - an actively managed fund is an excellent idea to dynamicall select the best ETFs for you.

shokadelika

wombat42 wrote: »

I think this is what I have been looking for for ages. Are there any other fund like this that actively manage all commodity ETFs directly rather than commodity companies shares ? Investing directly in an ETF is rather like investing in a tracker fund - an actively managed fund is an excellent idea to dynamicall select the best ETFs for you.

Not that Im aware of the beauty is the fund has at least 4 ETfs including the Jim Roger indexes (RICI) that you cannot access any other way and the two mining Etf's.Management charge is high but to buy these individually would be near impossible anyway fund is well placed over 1 year 3 and 6 months.
http://www.trustnet.co.uk/ut/funds/perf.aspx?txtSearch=&universe=ut&nsUniverse=UT&sort=28&ss=0&txts=&txtss=&columns=13%2C8%2C14%2C17%2C26%2C27%2C28%2C29&page=0&booIMA=0&reg1=all&sec=all&ima=all&unit=all&type=all



More info here from the manager.
http://www.ifunds-asset.com/funds/commodity-fact

wombat42_2

shokadelika wrote: »

Not that Im aware of the beauty is the fund has at least 4 ETfs including the Jim Roger indexes (RICI) that you cannot access any other way and the two mining Etf's.Management charge is high but to buy these individually would be near impossible anyway fund is well placed over 1 year 3 and 6 months.
http://www.trustnet.co.uk/ut/funds/perf.aspx?txtSearch=&universe=ut&nsUniverse=UT&sort=28&ss=0&txts=&txtss=&columns=13%2C8%2C14%2C17%2C26%2C27%2C28%2C29&page=0&booIMA=0&reg1=all&sec=all&ima=all&unit=all&type=all



More info here from the manager.
http://www.ifunds-asset.com/funds/commodity-fact

It is a nice idea but I still like the idea of Neptune Global Equity which is currently commodity laden but has the built in flexibility that commodities could be ditched if they go out of favour. JM Finn Global is tied into a commodity theme. Obviously you have to have faith in Robin Geffen's investment strategy but if you buy Neptune Global Equity and put it in the bottom drawer for say 10 years there is quite a good chance that the fund will keep in step with the changing market favourite sectors and countries.

Check out:http://business.timesonline.co.uk/tol/business/money/article639357.ece

shokadelika

wombat42 wrote: »

It is a nice idea but I still like the idea of Neptune Global Equity which is currently commodity laden but has the built in flexibility that commodities could be ditched if they go out of favour. JM Finn Global is tied into a commodity theme. Obviously you have to have faith in Robin Geffen's investment strategy but if you buy Neptune Global Equity and put it in the bottom drawer for say 10 years there is quite a good chance that the fund will keep in step with the changing market favourite sectors and countries

I agree I also like the Neptune fund but not at the present the MFM fund invests directly in commodities not equities/shares.You are comparing a Global Growth fund as is the JM Finn fund with a Specialist Fund.

wombat42_2

shokadelika wrote: »

I agree I also like the Neptune fund but not at the present the MFM fund invests directly in commodities not equities.You are comparing a Global Growth fund with a Specialist Fund.
The Neptune fund invests in equites/shares so they should not be correlated in fact they are not the MFM fund is doing its job and outperforming the Neptune fund and it seems with less volatility.

Depends how closely and often you want to monitor and if necessary fund switch. Timing the market is always difficult. The Marlborough fund might be a good idea right now but say in a couple of years you might wanna switch out of it. I have fund switch fatigue so I like the idea of just buying Neptune Global Equity and then hopefully forget it for 10 years.

shokadelika

wombat42 wrote: »

Depends how closely and often you want to monitor and if necessary fund switch. Timing the market is always difficult. The Marlborough fund might be a good idea right now but say in a couple of years you might wanna switch out of it. I have fund switch fatigue so I like the idea of just buying Neptune Global Equity and then hopefully forget it for 10 years.

Actually Wombat I think we have gone off track.I was actually initially responding to Mr.Fishbulb as I thought he wanted a bit of Agriculture and Gold ,PM,s etc I just thought the MFM fund would give more diversification for the £ than buying a few seperate Etf's and also be actively managed.
I hope Mr.Geffen is good to you and heals your "fund fatigue" (great quote haha!);)

wombat42_2

shokadelika wrote: »

Actually Wombat I think we have gone off track.I was actually initially responding to Mr.Fishbulb as I thought he wanted a bit of Agriculture and Gold ,PM,s etc I just thought the MFM fund would give more diversification for the £ than buying a few seperate Etf's and also be actively managed.
I hope Mr.Geffen is good to you and heals your "fund fatigue" (great quote haha!);)

I was picking up the ball and running with it and it was quite useful to work out my stance on it. That being said the Marlborough fund is a great idea and if i ever wanted to invest in commodty ETFs direct it seems the way to go. I did ask for something like Marlborough about 6 months ago on this forum but no one knew about it at the time but if i had I would have probably invested in it.

jon3001

mr_fishbulb wrote: »

Oh no! Another fund that looks good

Although the performance seems to have been bad until October when compared to ETF Securities' Dow Jones-AIG Commodity Index which has shown smooth increases for the past 12 months.

I hope that MFM iShares Commodities performance hasn't increased because it got lucky, rather than good management.

It'll be interesting to see how much value they add in the long run. Compared to the AIGC they had a rough start and caught up recently. I had read some criticism that the charges were high considering what the fund does: software based trading of about a dozen listed ETFs.

It was possible to outperform AIG by just choosing the energy heavy GSCI for instance.
http://finance.yahoo.com/q/bc?s=GSP&t=2y&l=on&z=m&q=l&c=djp

Hopefully before long there will be commodity pool funds which are accessible to retail investors which I'm sure will be able to offer real value by trading directly in the markets (rather than via ETFs) and taking both long and short positions.

jon3001

shokadelika wrote: »

Not that Im aware of the beauty is the fund has at least 4 ETfs including the Jim Roger indexes (RICI) that you cannot access any other

Not quite true if you're prepared to trade on European exchanges:
http://forums.moneysavingexpert.com/showthread.html?t=679167

jon3001

wombat42 wrote: »

I think this is what I have been looking for for ages. Are there any other fund like this that actively manage all commodity ETFs directly rather than commodity companies shares ? Investing directly in an ETF is rather like investing in a tracker fund - an actively managed fund is an excellent idea to dynamicall select the best ETFs for you.

I not sure it's really actively managed. From what I understand they use a software model.

You were critical of ETFs previously since 'you couldn't stomach direct commodity investing'. Ultimately its the same stuff backing this fund too: commodity futures.

You were also unhappy about the large energy and agriculture weightings of the DJ-AIGC. Apparently this fund recently removed exposure to industrial metals completely to increase its exposure to these very areas. Compared to the DJ-AIGC it seems to have more agriculture and less energy.

Personally I'm sticking with FAIG for now but I'll keep an eye on alternatives.