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To achieve an above average dividend yield, with long term growth in dividends and capital ahead of inflation, by investing principally in global equities.
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This is a reminder about equity funds growth over last 5years article ( Nov '13 ) http://www.4-traders.com/SECURITIES-TRUST-OF-SCOTL-4005343/news/Comment--Have-we-seen-the-best-from-equity-income-17523307/
Ex-Div on Jan 8th (9.5p). http://www.dividendinvestor.co.uk/index.php?exg=GB&symbol=MYI&chk=fc6581389309823
With some brokers saying for a month or two that miners will perform well in 2014, I think that is some statement to put, but I believe that August is the month when we do ask questions about where the markets came from, and why. Free money, and to a lesser extent economic growth in Germany, China, Canada, Australia, Africa, Canada. We now have big currency fluctuations. What is your put on MYI? I own 1600 MYI.A
I will ask my broker what they think will happen over the coming decade with MYI. I might as well call MYI themselves as well?
I would say to you to leave it until end of Aug'14 to review effects of economic changes to fund. I think that's when the $85bn QE ends for USA. With emerging countries going to suffer the most over the next decade with interest rates rising in developed world maybe next year, its a guessing game! Don't sell trust unless you need money, and remember the loss can help offset gains on a profit elsewhere. I'm looking at Berkeley Group Holdings ( #CASH COW ). There dividend yield for year ending 2014, could be close to 6%, and 9% for 2015. That's if trends continue.
How do you see this SP going in the next 6 months ? Looks possible that the NAV and SP will converge given current trends.
Todays premium on MYI.A is 9.9%, and MYI.B is a staggering 34%. Data was from The Times newspaper.
My worst 'pick' in funds ( and only I'm afraid ), is TEMPLETON EMERGING MARKETS. bought exactly 2 years ago when 670p. Rio is a cheap stock, but cheap (P/E), as the market possibly knows that RIO has hit the top. I have accumulated RIO for 5years now... I wouldn't sell MYI at this price. I would hold onto mid 2014! We have earnings season starting in 2/3weeks, which will bring another bull run... My broker is Speirs&Jeffrey Ltd.& trading account I have through HL.co.UK Hope you have good year ahead...
My portfolio has only one fund MYI at the moment. My broker charles stanley recommended Threadneedle global equity a while back. I am not over impressed with Mr.Stout stating the obvious perhaps because MYI is up less than 2% on the year. Rio must be a good move as they and all miners have taken some battering this year.I am in two minds whether to sell MYI (at a large loss) or hang on in the hope of a better performance in 2014. I will be double your age less half a decade in a weeks time, so you have many years to make your fortune. Happy New Year.
great to look and compared trusts & funds. below is an article regarding affects on ASIAN funds/trusts over 2014... http://www.fundexpert.co.uk/research/news,asian-income-for-uk-investors_153.htm
This is a cut & paste from Dec 18th in TheTelegraph.co.uk As a result, th e manager is maintaining a high exposure to quality and less-economically sensitive companies as he is concerned that a correction is right around the corner. “Some considerable time has now elapsed since global financial markets focused on fundamentals,” Stout said. “Wildly oscillating sentiment and policy induced distortions continue to exert significant influence on numerous financial assets, ranging from prices of ten year bonds, emerging market currencies and global equity markets.” “Any return towards more fundamental based asset pricing is likely to expose the fragility of high hopes and expectations that have recently prevailed, thus great caution will continue to be exercised in the current hostile environment,” he added. Stout has managed the £1.3bn Murray International Investment Trust since June 2004. According to FE Analytics, the closed-ended fund has returned 305.72 per cent over that time and has beaten its composite benchmark – 40/60 split FTSE World UK and FTSE World ex UK – by more than 180 percentage points.
OEIC_ I was thinking about THREADNEEDLE's Global Equity income fund. I think its best to only invest in instruments that one fully understands... I read yesterday that Mr Stout is bearish on Outlook on economic bull market, and has positioned his fund MYI likewise. Last time I looked, he had RIO INTO as a top10 stock? I being 34, and having invested for nearly 16/17 years, which funds / trust do you have an interest in? Mine; TEM MYI ATST CLIG SMT HICL NEWTON GLOBAL HIGH INC M&G REC STERLING A ACC S&W SHORT CORPORATE BOND B ETF ISHARES FTSE100 INVESCO PERP HIGH INC. MURRAY INCOME PLUS many equities... All the best.. Scott
I have been in 3 different OEIC's in the recent past. Ceres,Thames river etc. I sold out of all of them, which were highly recommended by my broker, at a net loss. I will not go there again mainly because of my track record. There are of course some good ones about but the task is picking them.I, because of my past experience would be too afraid to give an opinion on Newton lol Kiss of death. IMHO you might be better off topping up on STAN. Continue to post on MYI please. ATB
Entry level was tipped by my broker in 2009. Do you have any interest in OEIC's. I have one; Newton Global Income, and was looking at the Newton Asian Income fund, but really just 'watching it'...
have a very large holding here. Bought for income but looks now I will face a semi permanent 10% loss having bought earlier this year. Perhaps you are right and for now due to mainly incorrect asset allocation Mr.Stout needs a new and profitable strategy. Will have to watch closely. Well done on your entry level.
4 traders . Com website has this fund as bearish over both short & long term. Has Mr Stout done all he can with this outperforming fund? This one is on watchlist v ATST. I don't want to invest in any other fund, but will add when we see some lower prices which will probably happen later next year, though what impact will happen with a stronger USD when interest rates & QE is brought to a slower pace.
Hi all, I hold 1600 at 721p since 2009. Does anyone hold these with any intension of buying more in future? I understand what could / will happen with the effect of easing of QE on emerging markets, thus will have a big impact on MYI holdings. Thanks Scott
It is a big buy at this level. Good track record will rise again
Therefore, as ATST has one of the biggest discounts of 15.5% with one of the biggest market caps in Funds, would one go for discount or fair value, and have a good track record. Considering MYI.A is more geared towards emerging markets and has a good div. Of 4%, this in my view is a good investment trust. Any prem-discount below +10 I would say is good. Te only problem with this fund, I believe it will be hit harder when interest rates rise and QE gradually disappears. I also have my eye on Newtons Asian Income with a div of 4.9% and is trading just marginally below fair value, and has market cap of £4.1bn.
The Chronicles Investor magazine had this as a buy in the fund sector 28/11/13, saying its discount had decreased from 12 to 5.
James Budden of Baillie Gifford said: "The fact that these trusts are still going strong suggests that they have been doing most things in the right way for their investors over the past 60 years. "The standout trusts are Murray International and Scottish Mortgage, both of which have adapted well to modern times and have given strong returns to investors over the past five to 10 years. The former was well positioned for the 2008 downturn while Scottish Mortgage offers shareholders a stake in some of the world's most progressive companies." Source: http://www.telegraph.co.uk/finance/personalfinance/investing/9305667/Investment-trusts-best-performers-over-Queens-reign.html Alan Brierley of Canaccord said: "Two of my favourites investment companies are Edinburgh Investment Trust and Murray International. Neil Woodford of the Edinburgh has put together a concentrated portfolio of predominantly UK companies that can deliver solid earnings and dividend growth, while Bruce Stout of Murray International has constructed a genuinely global portfolio of companies that have delivered the best long-term record of any open or closed-ended global equity fund." Source: http://www.telegraph.co.uk/finance/personalfinance/investing/9305710/How-investment-trusts-work-and-how-to-find-the-right-one.html P.S. Here's a couple of links about SCLP, one of the hottest stocks at the moment: http://www.euroinvestor.com/community/discussionthread.aspx?threadid=252803 http://www.euroinvestor.com/community/discussionthread.aspx?threadid=253089
FANNWI
How right you were! Just watched an iball video of this coy. The manager spelled out very clearly the case for getting into overseas, ie out of uk, for dividend growth as well as sp.
This is a highly regarded investment trust with relatively low risk now trading at serious low levels, looking at the techinal indicators it should be around 625p pick yourself up a bargain!