RE: Can we believe SMT management now?23 Mar 2023 14:38
@realist1 it’s interesting you mention foreign and colonial, I recently sold out of that fund because they have had a fantastic run, but bear in mind the discount there has narrowed substantially , to around 1% I think, whilst Smt has widened. Also f&c has over 12 % private equity which was where their best returns came from last year. Interestingly I haven’t seen the same negative press speculation levelled at their “risky” assets like we have seen with SMT. I would expect medium term for the f&c discount to widen whilst SMT narrows, hence why I switched funds. Only time will tell if it was a good decision.