Growth fund 251% return since inception; 2007; 7.7% ytd.
Aust Div fund 102% since inception ,2011 10.3% ytd
Pie emerging Australasian 82.4% since inception 2013 ytd 13%
Pie Global 10.4% since inception 2013 7.6% ytd still sitting on some cash
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Growth fund 251% return since inception; 2007; 7.7% ytd.
Aust Div fund 102% since inception ,2011 10.3% ytd
Pie emerging Australasian 82.4% since inception 2013 ytd 13%
Pie Global 10.4% since inception 2013 7.6% ytd still sitting on some cash
Not in their list of substantial holdings so heres hoping.Sold INA as well.
In regard to the global fund .I would imagine only a small % was invested Sept/Dec 31 so it was probably really a Global "cash fund" as opposed to global small co's . They were still trying to appoint managers for it . Anyway i am not going to sit here all day and wonder/ try and defend I don't have any concerns at this stage with them as a manager of my money . . When I have had a problem I have called, emailed and he has responded immediately. So if you are an investor I would advise you do the same if you have an issue with it .
I expect one PieFunds fund, the Australasian Dividend Fund, will not be affected as I see AZV doesn't pay a dividend so I assume AZV will not be in the ADF portfolio.
Growth fund 251% return since inception; 2007; 7.7% ytd. Averaged out say 7 complete years =re 36 %per annum ;FANTASTIC
Aust Div fund 102% since inception ,2011 10.3% ytd Averaged out say 3 complete years= 34% per annum AWESOME
Pie emerging Australasian 82.4% since inception 2013 ytd 13% Averaged out say 2 years = re 41 % SHOW ME BETTER!
Certainly better than my own returns .
Longer term I'm thinking the returns will drop as i guess they prob have already from the first year or so.But this simplistic averaging is fine by me ; kudos to Mike and management.As part of my diversified portfolio ; mainly NZ and Aus stocks with some bonds etc I'm so happy that i took a friends advice and bought in.
Pie Global 10.4% since inception 2013 7.6% ytd still sitting on some cash Don't hold this one atp.
Not sure what the motive is from a few posters; proof is in the PIE:t_up:
Remember at one stage an offer was made that if you invested in the global fund you were able to invest some in the earlier funds. That would account for some inflow to those funds.
Missed out on the 1st fund but hold the next three. Offered the Chairman's fund but decided against it as decided I had enough invested there. Also a little concerned at possible doubling of fees with a fund of funds arrangement. Or are non Chairman Fund investors paying the total fees from the individual funds being covered.
Happy as an investor.
KW I don't agree.I see this as a good balance to my own investing .You say you are surprised by their investment decisions . However even the Buff makes mistakes ...it's impossible to sell them all at the top ......Everyone makes mistakes, but surely their performance speaks volumes . Honestly how many people would put their hand up and say they can beat them ? Looking at the sharetrader ASX comp not many ..........
I have invested money in the market for my family as an education fund . The admin etc was a bit of a nightmare, investing it with PIE funds has simplified it and been very profitable.