Dod1010 wrote:richfool wrote:I notice that the Invesco Perpetual IT's (EDIN, PLI & IVI, & KIT) have significant holdings of tobacco stocks in their top ten holdings. That along with their holdings of Provident Mutual may well have contributed to their recent falls down the performance tables.
http://citywire.co.uk/money/investment- ... ePeriod=12
Yes but I would not (and do not) worry about the tobacco stocks. They will keep churning out the dividends. As for PFG I would be much more concerned about it, if I held it. I do not and never have.
My view is that tobacco stocks have had their day and were becoming over-priced, and will in the future decline (or from some point in the future). Thus my reasoning for not wanting to hold them, directly or indirectly, if possible. That's just my view.
My latest point was that the recent fallback in their share prices will have contributed to the poorer performance of IT's with significant holdings of tobacco stocks, such as those in the Invesco Perpetual stable and Neil Woodford's funds, though I note he shed BATS back in July this year.
http://www.portfolio-adviser.com/news/1 ... cco-stocks
I am hoping that Bruce Stout (MYI) gets out, as I am aware he has significant tobacco holdings.