http://www.cnbc.com/id/102157205
Thought you guys might find this useful.
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http://www.cnbc.com/id/102157205
Thought you guys might find this useful.
I guess it is all about risk and the investment horizon. Endowment funds etc have a 100 year plus investment horizon and need to be low risk. Index funds are perfect for them. But even they usually have a portion in core satellite investments. Like most things in life where there are two opposing views at opposite ends to the scale, the prudent approach is usually a hybrid one. Having a small portion of funds in something like PIE's emerging companies fund or Aus small cap growth as part of a balanced and diversified portfolio can generate returns above the market. To write them off as you did is short sighted.
Sounds like you're chomping at the bit to start a "KW Nimble Superior Fund" let me know:)
Maybe VTG becoming too big in the portfolio at that price , they did buy sub 25 cents .Might be forced due to cap on stake size , or could be lesson learnt on being a major shareholder in a small cap .I say feed the dogs when they are barking ....
My periodic analysis shows:
If you do a NZ Investment funds review for all funds over $10 using fund finder search on the www.morningstar.co.nz site by 6 month % performance then PieFunds have three funds in the top 9 .
AMP have three funds in the top 9 and Niko, PPS and One Answer have one each.
AMP is 1st, 2nd and 4th.
PieFunds is 3rd, 7th and 9th
Note that PieFunds have a total of just four funds and AMP have 33 funds.
AMP performance over 6 months ranges from their top fund at 17.06% to the low of 1.77%.
PieFunds range is from 14.3% to 4.12% for their four funds.
The 4.12% is for the new global fund with a higher than usual cash component as it invests over time...
Selecting a suitable fund from the PieFund range using a dart gives a high % of being on the right side as there are just 4 segments on the PieFunds fund selector dartboard I have drawn below.
Attachment 6448
Hi Homzen,
Thanks for your reply and in particular "Finally, the performance data on Morningstar is to the 30th September, so it doesn't include the impact of Titan on Pie's numbers".
For me this is a revelation.
I have always assumed that Morningstar data would update weekly and therefore be up to date as at 31 October 2014.
I expected the performance % shown would include recent TTN ASX announcements eg 15 September 2014 (Astra Drilling acquisition) no change to EBITA at $21M and 2 October 2014 RCH contracts impact EBIT now $10 to $12M.
Thanks