The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Will a rising US dollar negatively effect emerging markets? Does anyone know the P/E ratio for the underlying shares owned? I guess it will look high.
Deliberating myself but its still on a premium. Scottish Oriental (SST) would appear to be a better buy with a discount and a very rewarding period of success. I personally have way to much in this trust, as i bought at inception, so looking to diversify.
fascinating, down at £10 to buy
I watched some of it, Britain's Warren Buffet! I liked his comment on interest rates- needing to go up to prevent deflation, QE he says will not work, imo the funds go into the pockets of the rich and makes the stock market a toy.
Just checked the graph and almost fell off my chair. It's gone from 1022 back in March to 1100 in April like and arrow
I watched the latest FundSmith annual report yesterday, Terry has about 4 x as much money in the open ended fund as in the close ended fund (FEET) and intends to put even more into the open ended fund. I see we broke the £11 barrier today. Onwards and upwards
Fundsmith has basically two offerings, a open ended fund which is very heavy in $ and has negative asset turnover. FEET is Fundsmith's closed ended fund focused well outside the USA . Latest spread Asia 57% Europe, Middle East, Africa 27% Latin America 16% with a similar aim of very low turnover. I could see the strong pound being an issue, but NAV is up at 1002.67p yesterday which, given that Terry should get a premium looks fantastic value. Agreed, strong pound, but we need NAV to up value to move the SP I guess.
The fund targets UK investors who at the moment are supporting the strong dollar(or have been of late)so i assume they have been switching to US investments. In addition the emerging markets in which the fund is invested have more expensive costs when sourced in dollars. Their currency may have suffered against the strong pound too leading to currency losses reflected in the capital value. Having said all that, the reasons we are invested are still there and I don't see why they won't assert themselves in the long run.
hi doze, I thought I understood this trust, can you explain why strong dollar hurting?
The strong dollar is hurting this.
Looks like I was wrong 1022 today and looking good
hit 1060 today
44% invested by 5/11, judging by the sp they must be good investments. More of the same should see feet at £12 when fully invested.
today they hit £10.03 good to know
FETISH
Thanks doze, I hadn't set my RNS report up for FEET yet, will do so now. Glad he has only invested 25% so far, steady is good as is the SP delta.
Interesting, I thought Asia would be largest portfolio % but it is EMEA 11.8% more http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail.html?announcementId=12070196 Asia 34.3% EMEA 46.1% South America 19.6%
I got in at launch too, and picked up a bit more when it slipped, still probably not exciting enough, me I'll be happy with 15% a year ;-) and no excitements
They are a bit slow investing their money here, I thought they were already well researched and would be good to invest quick while the pound is strong? I got in here at launch as like the theme.
I'm seeing lots of articles in the papers now about how tough a time we have had in AIM over the last few months and how funds are coming into their own and how the emerging markets are best accessed via funds. All helps
And Martin Bralsford, based in Jersey (famous for being a tax haven) has £1m or 0.5%. Meanwhile T Smith must hold £5M which gives him 2.5%
Well hopefully that is the noise over, up 7% on the IPO price and some stability until we get some news.
So two of the boys from Money Supermarket are in with 10% and 5% respectively. Makes my investment look pitiful
and the company has not done anything yet. Gently gently.
journey