Dod101 wrote:monabri is right and that is probably the reason that European oriented trusts are at a decent discount at the moment. I am not very enthusiastic about specialist trusts anyway, whether by geography or industry for just this reason. I prefer that managers have got a flexible mandate subject maybe to an income trust or growth trust or some other very broad aspiration. But leave them to get on with it.
Ok, that's a different perspective I maybe should have considered a bit more. Perhaps been influenced too much by having a counterpoint to a predominently UK based HYP(-ish). In effect an IT version of VWRL ETF but hopefully without the duds.
Dod101 wrote:So I hold Murray International, Caledonia, RIT Capital Partners, Finsbury Growth and Income, Tenple Bar, HFEL (a sort of geographical specialist, but a fairly broad one) and the two UK income trusts, Edinburgh IT and Murray Income. I would have ditched Edinburgh but I have held it for a long time and despite its very poor performance recently, I will have a large CGT liability if I sell and do not want that this year.
Murray International is a sore point for me - still down over 12% on a batch I bought in Nov 17. Looking at the others I note that Caledonia, RIT Capital Partners, and Finsbury are more growth oriented than income, so it sounds as if you and richfool are maybe nudging me towards a more mixed total return non-geographical approach? More pondering required.