Decision Time: BRSC and BGSC
Posted: November 12th, 2020, 8:49 am
Hello wise ones,
I have two trusts that don't seam to be on form anymore and I am not sure what's at the route of their recent poor performance. I've been holding out waiting for a turn around but I am losing patience. I keep hoping BREXIT will lift things. I am also wondering if value may finally make a return although it has been absent for a long time.
1. Blackrock Smaller Companies (BRSC) - should I swap for Throgmorton (THRG)? What's driving the difference in performance.
2. BMO Global Smaller Companies (the trust formerly known as FCSC.L) -- alternatives include ISP6 (US Small cap tracker) however US valuations have been heady for some time and although they look cheap compared with US Large Caps they aren't cheap by any other measure. Smithson is on a premium (I have a smaller holding of this) and the house style has had a good run for a long time. Once again struggling to emotionally and literally buy into an alternative.
Any observations on what's driving the poor performance and consequently what a sensible response would look like?
I have large caps covered and small caps are an important part of my retirement strategy (large caps are my ballast, like other people buy bonds).
Thanks,
AWOL (but not confined to camp)
I have two trusts that don't seam to be on form anymore and I am not sure what's at the route of their recent poor performance. I've been holding out waiting for a turn around but I am losing patience. I keep hoping BREXIT will lift things. I am also wondering if value may finally make a return although it has been absent for a long time.
1. Blackrock Smaller Companies (BRSC) - should I swap for Throgmorton (THRG)? What's driving the difference in performance.
2. BMO Global Smaller Companies (the trust formerly known as FCSC.L) -- alternatives include ISP6 (US Small cap tracker) however US valuations have been heady for some time and although they look cheap compared with US Large Caps they aren't cheap by any other measure. Smithson is on a premium (I have a smaller holding of this) and the house style has had a good run for a long time. Once again struggling to emotionally and literally buy into an alternative.
Any observations on what's driving the poor performance and consequently what a sensible response would look like?
I have large caps covered and small caps are an important part of my retirement strategy (large caps are my ballast, like other people buy bonds).
Thanks,
AWOL (but not confined to camp)