F&C/BMO Managed Growth

[Aminatidi]

Does anyone have any views on the above please?

There seem to be two ways of looking at it:

• One stop shop which gets a diverse blend of ITs
• Neither fish nor fowl

[77ss]

Does anyone have any views on the above please?

There seem to be two ways of looking at it:

• One stop shop which gets a diverse blend of ITs
• Neither fish nor fowl

Or, two layers of charges! The OMF of 1.98% looks high to me - irrelevant if it does the business - but does it?

I suspect you would be better of with the vanilla FRCL IT. Or a number of other ITs - Witan etc.

Check out their cumulative performances over the past 5 years. No guarantees for the future of course.

[Aminatidi]

Does anyone have any views on the above please?

There seem to be two ways of looking at it:

• One stop shop which gets a diverse blend of ITs
• Neither fish nor fowl

Or, two layers of charges! The OMF of 1.98% looks high to me - irrelevant if it does the business - but does it?

I suspect you would be better of with the vanilla FRCL IT. Or a number of other ITs - Witan etc.

Check out their cumulative performances over the past 5 years. No guarantees for the future of course.

Factsheet shows OCF of 1.03% or have I misunderstood?

[77ss]

Does anyone have any views on the above please?

There seem to be two ways of looking at it:

• One stop shop which gets a diverse blend of ITs
• Neither fish nor fowl

Or, two layers of charges! The OMF of 1.98% looks high to me - irrelevant if it does the business - but does it?

I suspect you would be better of with the vanilla FRCL IT. Or a number of other ITs - Witan etc.

Check out their cumulative performances over the past 5 years. No guarantees for the future of course.

Factsheet shows OCF of 1.03% or have I misunderstood?

It can be incredibly difficult to get a handle on costs! Different measures, different data sources.... Not to mention all the different classes of unit - each of which somehow contrives to have a different OCF.

I took my figure of 1.98% for the OCF (sorry about the OMF typo) from the Trustnet data sheet:

https://www.trustnet.com/factsheets/o/r ... ged-growth

A more detailed breakdown, of all the different classes shows the various charges:

https://www.trustnet.com/factsheets/o/r ... owth-1-acc

Good luck!

[Aminatidi]

Oh god didn't realise there was a find with the same name!

I mean F&C Managed Portfolio Trust Plc Growth Portfolio FMPG

Apologies for the confusion.

Amin

[monabri]

FMPG top 10 holdings

( Numbers are percentages)

Monks Investment Trust 4.4 Global
Syncona Limited 4.2 Biotechnology & Healthcare
Polar Capital Technology Trust 4.1 Tech Media & Telecomm
Allianz Technology Trust 4.1 Tech Media & Telecomm
Scottish Mortgage Investment Trust 3.6 Global
Baillie Gifford Japan Trust 3.1 Japan
Worldwide Healthcare Trust 3.0 Biotechnology & Healthcare
Jupiter European Opportunities Trust 2.8 Europe
Edinburgh Worldwide Investment Trust 2.7 Global
Mid Wynd International Investment Trust 2.7 Global

[77ss]

Oh god didn't realise there was a find with the same name!

I mean F&C Managed Portfolio Trust Plc Growth Portfolio FMPG

Apologies for the confusion.

Amin

No worries. There are an awful lot of stocks out there!

I have to say, FMPG looks a great deal more interesting than the fund (to me anyway). I had not come across it before.

Scanning their top-ten holdings is a bit like reminding myself of what ITs I have been seriously interested in. As it happens, I just hold 2 - ATT & WWH, but I may add to list - or even look harder at FMPG itself.

[Dod101]

FPMG reminds me of London and St Lawrence which was a also a collection of ITs. It did well with a much smaller selection than FPMG holds. And it did not have the two classes of share so was altogether much simpler. I was sorry that it was liquidated by the founding family in favour of an OEIC.

FPMG has an interesting selection of trusts which may interest me. Like some of the other posters I know very little of it though.

Thanks.

Dod

[Aminatidi]

FPMG reminds me of London and St Lawrence which was a also a collection of ITs. It did well with a much smaller selection than FPMG holds. And it did not have the two classes of share so was altogether much simpler. I was sorry that it was liquidated by the founding family in favour of an OEIC.

FPMG has an interesting selection of trusts which may interest me. Like some of the other posters I know very little of it though.

Thanks.

Dod

Yes this is, I guess, where it comes back to the original question around fish nor fowl or a useful way to get a very diversified set of resources.

And whether it's just re-creating a tracker...

[monabri]

Noting that Syncona ( SYNC) is currently +42% above NAV.

[richfool]

Investment trust wise, note there is a FMPG (Growth) version and an FMPI (income) version. I believe its possible to switch btween the two without creating a chargeable or taxable event.

I would guess that the OCR relates to the main trust itself, and doesnt include the charges on the various trusts that it then invests in.

[richfool]

I notice that BMPG has been holding Woodford trusts in its portfolio. Though BMPI appears not to hold them.

[senanque]

I hold some of the income shares. The holdings include some slightly more eclectic trusts that I have considered investing in so I reckon it gives me exposure to those.