Re: Near the Bottom?
Posted: May 16th, 2022, 4:40 pm
I swapped from EAT to MTE a few years ago. Less income but better TR (so far at least)
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DrFfybes wrote:I just moved a good chink of Cash ISAs to ii as they were maturing.
richfool wrote:monabri wrote:Over on HYP there's a discussion on what to do with the Aviva return: My comment was...
"I was thinking about simply reinvesting back into Aviva but in recent weeks I've wavered about deploying funds into other areas (passing reference: certain "growth "ITs) so I might now reinvest, perhaps, 50% back into perennial under achiever Aviva.
On reflection, I found myself using the words" perennial under achiever".... maybe I need to reflect some more and stop banging my head against the wall as it is quite nice when I stop ! "
I'm thinking split the returned funds 3 ways, SMT, Baillie Gifford Global Small and ????
EAT (European Assets) which invests in smaller European companies, is down pretty big (some 31% over the last 6 months) and now yielding 7.11%, so might be worth a look, particularly for those interested in income and growth. (One I held onto!)
I swapped from EAT to MTE a few years ago. Less income but better TR (so far at least)
Dod101 wrote:DrFfybes wrote:I just moved a good chink of Cash ISAs to ii as they were maturing.
I would have thought that the chink of cash would be going into Baillie Gifford China.
Dod
Eboli wrote:doug 2500 noted:I swapped from EAT to MTE a few years ago. Less income but better TR (so far at least)
I think Merryn Somerset Webb was a director of MTE (Montanaro Smaller Companies) for quite a long time ending in 2020 and the trust certainly had a very good run towards the end of that period.
More relevant to the article noted by the OP is she then became a director of MUT (Murray Income and Growth), whose performance may recently have been held back by the merger with what was Perpetual Income and Growth (PLI) which I think became briefly BCI before its demise. That would be in keeping with her comments.
Eb.
(I hold both MTE and MUT)
monabri wrote:Dod101 wrote:DrFfybes wrote:I just moved a good chink of Cash ISAs to ii as they were maturing.
I would have thought that the chink of cash would be going into Baillie Gifford China.
Dod
I think you (Dod101) bought into BGCG about the same time as I. It's performance has been dire in the time I've held it , approx 50% down ( I also own shares in JP Morgan China Growth & Income , JCGI). There is a lot of concern about China, starting before the recent lockdowns. I'm really hesitant to add more funds in their direction.
Eboli wrote:More relevant to the article noted by the OP is she then became a director of MUT (Murray Income and Growth), whose performance may recently have been held back by the merger with what was Perpetual Income and Growth (PLI) which I think became briefly BCI before its demise. That would be in keeping with her comments.
Eb.
(I hold both MTE and MUT)
PLI did not become BCI, it was (merged) swallowed by MUT where PLI shareholders received MUT shares in exchange and ended up paying a good 5% premium for them in practical terms.
Dod101 wrote:Yes. I got out of Baillie Gifford China again. My comment was intended as a modest pun on the use of the word 'chink' but it obviously did not work. Anyway it is probably racial or something nowadays.
Dod
richfool wrote:Dod101 wrote:Yes. I got out of Baillie Gifford China again. My comment was intended as a modest pun on the use of the word 'chink' but it obviously did not work. Anyway it is probably racial or something nowadays.
Dod
I thought you said you didn't invest in single country investments, or is China an exception because it's a big country?
Dod101 wrote:Merwyn Somerset Webb has a few interesting comments in her article in today's FT. She tells us that according to Tom Slater of Scottish Mortgage, this year has been the worst start to a year for growth shares for 90 years, but she goes on to say that valuations are now beginning to look more realistic not just for growth stocks. Some markets, like the UK, are now at what she calls 'meaningful discounts'. it would be good to think so.
She also mentions that Scottish Mortgage is down 41% on YTD, Netflix is down 70%, Amazon and Tesla both down 40% from their highs. She says that if you are looking for long term value, some is beginning to emerge.
Personally I would have thought she is rather optimistic, what with further interest rate increases expected and the possibility of a recession, but what do I know? As a matter of fact I have just checked my year end values, and I am down well under 1% currently. That would suggest that I have a fairly conservative portfolio, which is what I like at my stage in my investing career.
Dod