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Post by Deleted on Jul 29, 2019 7:59:20 GMT
Which Phoenix fund has achieved these figures? The management team run lots of different funds some of which have done terribly. What is their standard deviation on that fund?
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bg
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Jul 29, 2019 9:47:44 GMT
Post by bg on Jul 29, 2019 9:47:44 GMT
Which Phoenix fund has achieved these figures? The management team run lots of different funds some of which have done terribly. What is their standard deviation on that fund? I'm not aware of these other funds, perhaps you could point them out. As far as I am aware they have run the Phoenix fund since 1998 and launched an investment trust version in 2016. Here is the performance data:- link
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Stocks
Jul 29, 2019 11:32:14 GMT
Post by Deleted on Jul 29, 2019 11:32:14 GMT
these 10 for example.
Thanks for the link I'll take a look
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macq
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Jul 29, 2019 11:54:42 GMT
Post by macq on Jul 29, 2019 11:54:42 GMT
Which Phoenix fund has achieved these figures? The management team run lots of different funds some of which have done terribly. What is their standard deviation on that fund? I'm not aware of these other funds, perhaps you could point them out. As far as I am aware they have run the Phoenix fund since 1998 and launched an investment trust version in 2016. Here is the performance data:- linktechnically they did not launch a IT version in 2016 but were appointed as new managers (which is One of the good things with IT's in that the board can act if the manager is under performing)which i did remember reading.Never looked at them before but on looking this morning i did not realise how concentrated a fund it is
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Stocks
Jul 29, 2019 12:14:32 GMT
Post by Deleted on Jul 29, 2019 12:14:32 GMT
So like Lindsell and FCT?
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macq
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Jul 29, 2019 13:04:54 GMT
Post by macq on Jul 29, 2019 13:04:54 GMT
So like Lindsell and FCT? could say that at about 15 - 17 holdings even maybe a little bit more
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bg
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Jul 29, 2019 14:11:49 GMT
Post by bg on Jul 29, 2019 14:11:49 GMT
these 10 for example.
Thanks for the link I'll take a look
That is Phoenix Unit Trust Managers as opposed to Phoenix Asset Management Partners. Completely unrelated entities (as far as I am aware).
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bg
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Post by bg on Jul 29, 2019 14:27:24 GMT
I'm not aware of these other funds, perhaps you could point them out. As far as I am aware they have run the Phoenix fund since 1998 and launched an investment trust version in 2016. Here is the performance data:- linktechnically they did not launch a IT version in 2016 but were appointed as new managers (which is One of the good things with IT's in that the board can act if the manager is under performing)which i did remember reading.Never looked at them before but on looking this morning i did not realise how concentrated a fund it is Yes they took over management of the UK's worst performing investment trust back in Jan 2016. It is a high conviction, value style approach. They look for companies they see as at least 50% undervalued before buying. They do not trade much, they are buy and hold. I like that approach. They have their own research team and they look into each company in detail (including mystery shoppers etc) before investing. They see their portfolio as very cheap at the moment 'upside to intrinsic value now more than 120%'. linkPerformance has been lackluster, it's underperformed the market but it doesn't worry me. Value investing is very out of fashion at the moment, I think over a 10y horizon it will do very well though. What I also like is I see it as a bit of a hedge to my other higher risk stuff that's probably going to tank if we do have a correction. By nature of Aurora's style they may do OK even in a correction or bear market. Please people do your own research though. There is risk in any investment.
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Stocks
Jul 29, 2019 17:53:24 GMT
Post by Deleted on Jul 29, 2019 17:53:24 GMT
I just noticed that it achieves 8.7% a year net. Roughly where I am.
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bg
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Jul 29, 2019 19:52:11 GMT
Post by bg on Jul 29, 2019 19:52:11 GMT
I just noticed that it achieves 8.7% a year net. Roughly where I am. 11.4% a year including dividends
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sd2
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Aug 31, 2019 8:23:04 GMT
Post by sd2 on Aug 31, 2019 8:23:04 GMT
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daveb
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Aug 31, 2019 9:23:10 GMT
Post by daveb on Aug 31, 2019 9:23:10 GMT
Yes, and the yield on Standard Life/Aberdeen is even higher. Not sure what the problem is with these shares? People moving assets from their managed funds to cheap trackers? Or difficulty is doing business in Europe after Brexit?
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sd2
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Sept 1, 2019 5:46:57 GMT
via mobile
Post by sd2 on Sept 1, 2019 5:46:57 GMT
Yes, and the yield on Standard Life/Aberdeen is even higher. Not sure what the problem is with these shares? People moving assets from their managed funds to cheap trackers? Or difficulty is doing business in Europe after Brexit? Not sure either. L&G were very early into exchange traded funds and are taking on a lot of pension work while selling their unreliable insurance arms. Just flogged their house insurance to the Germans. The dividend is soooo tasty
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hazellend
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Post by hazellend on Sept 1, 2019 8:30:25 GMT
I am not a dividend lover at all. Dividends are a forced return of capital and can be tax inefficient. I look at total return only.
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hazellend
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Post by hazellend on Sept 1, 2019 9:29:07 GMT
Hopefully you are not putting too much money into a single share. That is a highly speculative and risky strategy. Just think about how many funds and analysts have researched a FTSE company. Do you think it is possible that you are aware of some fact that has not been priced into the current share price? I know I sound like a broken record, but amateurs like us should not be investing significant amounts in individual shares. Buy and hold cheap, broad index trackers through the good times and bad, and in 20 years you will be very happy
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