Lootman wrote:richfool wrote:scotia wrote:Looking at the figures already quoted for MYI (Murray International), and adding a few more we see it has a total return of 57% over 5 years, compared to 77% for VWRL (Vanguard World Tracker ETF). And it looks even worse when compared to popular global funds - 144% for Lindsell Train Global Equity and 136% for Fundsmith.
But why is MYI performing so poorly? Looking at its weightings, it has only 14.6% in the USA. This compares to 33% for Lindsell Train Global Equity, 53% for VWRL, and 65% for Fundsmith. Now in the USA, major companies are tending to use share buy-backs rather than dividends. So is it MYI's high dividend policy that is resulting in them missing out on many excellent USA companies? And is this likely to continue - or get worse? If so, it seems that MYI's future relative performance can only improve if the USA takes a dive (compared to other world areas). I think I'll stick to VWRL, Lindsell Train and Fundsmith.
I note the overall return mentioned when comparing MYI to VWRL and Fundsmith, but no one has mentioned the dividend returns of VWRL and Fundsmith as compared with that of MYI.
Scotia cited total return numbers, which includes dividends as well as gains.
I found the answer for VWRL yield: 1.98% (as 30 Nov 2019).
https://www.vanguardinvestor.co.uk/inve ... tributions