Many thanks for all the advice, lots to ponder. I think I won't put so much into the uk investment trusts. How do you invest in ishares? Some of the uk trusts still appeal but I'll lower the amount. Do you simply buy ishares on the asb securities website like normal shares. Also am I then exposed to the aud/nzd exchange rate movements? Thanks also old rider for sharing your picks with the uk investment trusts. I guess it depends a bit on when you bought n as to the returns you are achieving. I'm thinking of averaging in over the next 18 months.