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Old 10.10.2015, 14:12
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Re: Investment fund

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Any comments on this fund?

It's via Postfinance.If you have a Postfinance plus account you pay 0,5 %
buy in fee up to a max of 500 chf per transaction.

https://www.postfinance.ch/en/priv/p...7&currency=EUR

Pictet - Europe Index (Security number 1,255,409)
Well, it lagged the benchmark since it's inception. In other words, you are basically paying them a fee to lose your money.

Last edited by Capo; 10.10.2015 at 14:24.
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  #82  
Old 10.10.2015, 17:02
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Re: Investment fund

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Well, it lagged the benchmark since it's inception. In other words, you are basically paying them a fee to lose your money.
Most do as they quasi track the index.

Of course my recommendation www.fundsmith.eu substantially beat the market during the recent volatility. I would expect it to out perform most when things get nasty.
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  #83  
Old 10.10.2015, 19:07
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Re: Investment fund

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Most do as they quasi track the index.

Of course my recommendation www.fundsmith.eu substantially beat the market during the recent volatility. I would expect it to out perform most when things get nasty.
FMF, is not the only one recommending fundsmith. It was recommended in the telegraph this week as one of the best places to invest your first 10K GBP.

http://www.telegraph.co.uk/finance/p...ion-guide.html
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  #84  
Old 10.10.2015, 20:14
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Re: Investment fund

Madoff's was recommended as well. How is this found regulated and overseen to protect investors against outright fraud?
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  #85  
Old 10.10.2015, 22:52
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Re: Investment fund

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Any comments on this fund?

It's via Postfinance.If you have a Postfinance plus account you pay 0,5 %
buy in fee up to a max of 500 chf per transaction.

https://www.postfinance.ch/en/priv/p...7&currency=EUR

Pictet - Europe Index (Security number 1,255,409)
Yes it's a Europe Index Tracker Fund and is passively managed, so has very low
management fees.
Also important to me is that there is no Swiss withholding tax, as its
based in Luxembourg.
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  #86  
Old 10.10.2015, 23:45
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Re: Investment fund

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Madoff's was recommended as well. How is this found regulated and overseen to protect investors against outright fraud?
Main fund regulated in the UK, feeder fund regulated in Luxembourg for people who don't want a UK fund.

The fund does not do anything very clever so difficult to do any fraud. It's buys shares in 29 companies & holds them....... Very few selling as Terry Smith only believes there are about 60 companies that the fund could invest in. No borrowings, no derivatives, no hedging, no short selling.
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Yes it's a Europe Index Tracker Fund and is passively managed, so has very low
management fees.
Also important to me is that there is no Swiss withholding tax, as its
based in Luxembourg.
Fund is a total joke Index up 53.54% Fund up 45.28%, thats since inception in 2001, more than 15 years. so actual costs of running the fund are enormous v return.
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  #87  
Old 11.10.2015, 00:40
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Re: Investment fund

You could invest in the MCR fund. Up 145% in 3 years. http://www.englishforum.ch/showthread.php?p=59
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  #88  
Old 11.10.2015, 16:39
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Re: Investment fund

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Madoff's was recommended as well. How is this found regulated and overseen to protect investors against outright fraud?
Looks like this Fundsmith fund is serious but there are one or two EFers that suspiciously keep recommending it...
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  #89  
Old 11.10.2015, 16:45
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Re: Investment fund

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Looks like this Fundsmith fund is serious but there are one or two EFers that suspiciously keep recommending it...
It's just a better bet than pretty much anything else, I have invested over 500,000 in the fund, Over 150,000 profit to date,whats not to like?
Why bother to go to work?
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  #90  
Old 11.10.2015, 16:54
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Re: Investment fund

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Most do as they quasi track the index.

Of course my recommendation www.fundsmith.eu substantially beat the market during the recent volatility. I would expect it to out perform most when things get nasty.
You get a gold star in your school book every time you mention "Fundsmith"?

I have to select one of the Postfinance Funds.

How do you like this one?

https://www.postfinance.ch/en/priv/p...panel=overview
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  #91  
Old 11.10.2015, 17:29
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Re: Investment fund

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You get a gold star in your school book every time you mention "Fundsmith"?

I have to select one of the Postfinance Funds.

How do you like this one?

https://www.postfinance.ch/en/priv/p...panel=overview
It's a specialist high risk fund, 100% invested in healthcare. Fees are an eye watering 1.9%. Recent performance appears excellent however it either under performed the market hugely since inception or beat it substantially depending which page you look at. Unfortunately I can't comment on performance as there is clearly an error on the website.

Healthcare is an area that Fundsmith take seriously, so as a single investment rather than an only investment I think it's far better than most Post Finance offerings.

Would I invest personally? probably not. If I decided to invest in a 3rd pillar & this fund was included then yes, as it's got a lot better chance of success than most of the other funds.

I hope my ramblings help, for info I don't like technology funds, however I did make a huge investment in Apple a few years ago, documented on the forum. At the time I hoped it would fall further as I wished to invest 90% of my net worth in Apple. This was laughed at by the other experts here, I never got to 90% invested as the market doubled over the next 18 months. Easiest 100% profit I ever had, offered on a plate. It enabled me to retire at 52, all sales of Apple have been invested in Fundsmith, I still own some Apple & if it falls below $90 I will increase holdings significantly. For the record APPL closed at 112.07, I am a shareholder & would prefer a fall in price so I can increase my stake, the stock market in the short term is a popularity index, rather than a value index, thats where a private investor can beat the professionals whose pay is based on the 1 month, 3 months figures. I always think in terms of 3 years or more.

I want to make money for myself with the least risk, if I ever find a better or equally good alternative to fundsmith, I will tell mention it.

My second choice alternative would be Lindsell Train Global Equity.

Last edited by fatmanfilms; 11.10.2015 at 17:45. Reason: Added Lindsell Train
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  #92  
Old 04.03.2016, 13:21
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Re: Investment fund

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65% of the SMI is just 3 stocks so I would not want to track that TBH.

I have recommended www.fundsmith.co.uk / www.fundsmith.eu several times in the last 30 months, I had about 5 years salary invested in the fund until last week when I added 80% of my Swiss Pension Fund which I took as cash.
So I'm pretty impressed by the model & the performance of Fundsmith to date.
I've sent in my general application with my planned investment capital denominated in EUR. They have rejected this explaining that it is denominated in GBP. I had understand that there also is a EUR fund so I went back to them & they replied

"Fundsmith do offer a Euro Currency Fund called the Fundsmith Equity Fund Feeder. We do not administer this fund. For more information about this fund, please visit www.fundsmith.eu or call 00352 464 010 600."

Fund Feeder? This mean that the cash still goes into the same portfolio as the GBP investments just through a different channel?

We do not administer this Fund - I don't understand . It is a Fundsmith product, but they don't administer it.

FMF as you are au fait with fundSmith, can you shed any light?

Many thanks,
H.
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  #93  
Old 04.03.2016, 14:40
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Re: Investment fund

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So I'm pretty impressed by the model & the performance of Fundsmith to date.
I've sent in my general application with my planned investment capital denominated in EUR. They have rejected this explaining that it is denominated in GBP. I had understand that there also is a EUR fund so I went back to them & they replied

"Fundsmith do offer a Euro Currency Fund called the Fundsmith Equity Fund Feeder. We do not administer this fund. For more information about this fund, please visit www.fundsmith.eu or call 00352 464 010 600."

Fund Feeder? This mean that the cash still goes into the same portfolio as the GBP investments just through a different channel?

We do not administer this Fund - I don't understand . It is a Fundsmith product, but they don't administer it.

FMF as you are au fait with fundSmith, can you shed any light?

Many thanks,
H.
All of the feeder fund is invested in the GBP fund in the UK.

I have most of my money in the feeder fund, it's administered from Luxembourg & designated a non UK fund which suits some investors. There are only a few hundred customers in feeder fund so you always speak to the same person.
Download the paperwork from www.fundsmith.eu
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  #94  
Old 05.03.2016, 11:16
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Re: Investment fund

At present I am doing quite nicely with government bonds,Swiss property and gold(up 20% ytd) funds all denominated in CHF.
The fundsmith stuff looks good but I worry about the currency conversion costs and currency risks relative to the CHF. Already the GBP dropped to 1.41 to the CHF recently.The EUR looks OK but I wonder how much the SNB is still manipulating the exchange rate.
The currency exchange risks IMO outweigh fund price fluctuations.I have made over 100000 chf with funds but lost a lot in currency exchange rates.Some currencies just never recover and continue a downward trend.
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  #95  
Old 05.03.2016, 11:33
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Re: Investment fund

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At present I am doing quite nicely with government bonds,Swiss property and gold(up 20% ytd) funds all denominated in CHF.
The fundsmith stuff looks good but I worry about the currency conversion costs and currency risks relative to the CHF. Already the GBP dropped to 1.41 to the CHF recently.The EUR looks OK but I wonder how much the SNB is still manipulating the exchange rate.
The currency exchange risks IMO outweigh fund price fluctuations.I have made over 100000 chf with funds but lost a lot in currency exchange rates.Some currencies just never recover and continue a downward trend.
I don't think you understand currency risk.

Nestle is a Swiss company, only 2% of the profits are derived from CH, the Indian Rupee has a bigger influence on profits however you would not think of hedging the rupee.

If the falls, the profits in will be bigger so the share price will be higher in .

The Swiss stock market fell when the CHF peg was removed, so holding Swiss shares has a currency risk, Very few Swiss companies earn their profits in CH as CH is a tiny company.

Just to put this in perspective $100,000 invested for 40 years in the S&P 500 income reinvested produced $30,000,000.

$100,000 in gold over 40 years produced $900,000
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  #96  
Old 05.03.2016, 11:45
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Re: Investment fund

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I don't think you understand currency risk.

Nestle is a Swiss company, only 2% of the profits are derived from CH, the Indian Rupee has a bigger influence on profits however you would not think of hedging the rupee.

If the falls, the profits in will be bigger so the share price will be higher in .

The Swiss stock market fell when the CHF peg was removed, so holding Swiss shares has a currency risk, Very few Swiss companies earn their profits in CH as CH is a tiny company.

Just to put this in perspective $100,000 invested for 40 years in the S&P 500 income reinvested produced $30,000,000.

$100,000 in gold over 40 years produced $900,000
You are welcome to your opinion.Gold is a short term investment for me.
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  #97  
Old 05.03.2016, 11:51
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Re: Investment fund

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You are welcome to your opinion.Gold is a short term investment for me.
I heard the definition of a long term investment is a short term investment that went wrong
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Old 05.03.2016, 11:58
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Re: Investment fund

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I heard the definition of a long term investment is a short term investment that went wrong
Yeah.Especially when you are in the wrong currency.
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  #99  
Old 05.03.2016, 20:51
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Re: Investment fund

Why not try Oiko Credit (http://www.oikocredit.coop/ or http://www.oikocredit.ch/de/). There your money will be relatively risk free invested and go to a good cause (people who really need and will be thank full for it).
Otherwise maybe an index fund at post finance (but dont go with their go no where house brand funds. They are just funds of funds. The Pictet USA Index may be low risk. Look at Morningstar.ch for advice.
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Old 07.03.2016, 22:41
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Re: Investment fund

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All of the feeder fund is invested in the GBP fund in the UK.

I have most of my money in the feeder fund, it's administered from Luxembourg & designated a non UK fund which suits some investors. There are only a few hundred customers in feeder fund so you always speak to the same person.
Download the paperwork from www.fundsmith.eu
thanks for the reply FMF.
I'd like to pick your brain a little more on fundsmith if you agree.
I have cash in hand in EUR that I had planned to invest into fundsmith. Their pushback made me rethink/question my plan. If i invest EUR with fundsmith.eu will they just convert it to GBP anyway & apply their own in house rate & then it gets further converted to the purchase currency whatever that may be for the fund component shares?

Instead, should I just convert my EUR to GBP with currency fair or similar & have it sent to their GBP fund instead. I may be splitting hairs here or maybe not.

Further, whether I decide with EUR or GBP capital I am considering placing my lump sum with them & dripping it inot the fund over the next 12 months to average out the volatility of the Brexit on fx & also on component stocks of the fund.

You mentioned benefits to some investors of the fund being administered from Luxembourg, can you explain this please. Is it due banking privacy or absence of a bilateral tax agreement with some countries?

Appreciate your opinion/thoughts on the above points FMF.

H.
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