New IT selection

[Luniversal]

Interesting, I only looked at the pritty graphs, eg a FTSE 100 tracker v CTY looks remarkably similar, and for the last year the tracker has outperformed it, but only by a bit and only for a year so who's counting.

But can you compare CTY to the all-share index, or skew it to FTSE 100 or 350 as I thought it was much more heavily invested in the larger stocks?

I use the All-Share Index as a universal comparator for trusts, but since 90% or more of it is the FTSE 100 there is not a lot of difference. CTY, as you say, inclines to the biggest stocks but cites the FTAS as one of three benchmarks, alongside the AIC peer group and comparable open-ended funds.

The relative performance indicator that really matters to me is the Retail Prices Index. I seek to preserve the purchasing power of my capital and income, without too much of a switchback ride.

Here is CTY's latest factsheet:

https://az768132.vo.msecnd.net/document ... 3.gzip.pdf

[runnygum]

Id agree with the others in this thread who have suggested an ETF portfolio.
Having run an ETF vs IT test over the last 3 years I have found IT's sorely wanting.

ETF capital gain is 2x the IT gains, dividends are 10% ahead for ETF's.

Perhaps not surprising given the closer to 1% total costs for IT's vs the 0.3% or so for ETF.

Id be doing a global ETF. VWRL or VHYL or mix thereof etc. Add tilts to suit Euro vs Emerging etc whatever your fancy.

Discretionary expensive management is dead to me

[gbjbaanb]

Id agree with the others in this thread who have suggested an ETF portfolio.
Having run an ETF vs IT test over the last 3 years I have found IT's sorely wanting.

ETF capital gain is 2x the IT gains, dividends are 10% ahead for ETF's.

Perhaps not surprising given the closer to 1% total costs for IT's vs the 0.3% or so for ETF.

Id be doing a global ETF. VWRL or VHYL or mix thereof etc. Add tilts to suit Euro vs Emerging etc whatever your fancy.

Discretionary expensive management is dead to me

Interesting... what ETFs did you use for this backtesting? Diversification is important to a lot of people, which is why ITs are often used, did your ETF basket cover the same areas?

[runnygum]

List of ETF's are here, pretty much all world if you include GBDV but income based.

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