 | | | 
11.07.2018, 13:27
|  | Forum Legend | | Join Date: Apr 2010 Location: Verbier
Posts: 21,376
Groaned at 461 Times in 352 Posts
Thanked 23,091 Times in 11,824 Posts
| | Re: Fundsmith FEET 2018 | Quote: | |  | | | 1.91% total expense ratio...which includes management charges, plus trading charges etc. ....1.91% is huge | | | | | Not on the sort of stocks owned.
| 
11.07.2018, 13:36
| Forum Veteran | | Join Date: Mar 2014 Location: Neuchatel
Posts: 803
Groaned at 3 Times in 3 Posts
Thanked 377 Times in 226 Posts
| | Re: Fundsmith FEET 2018 | Quote: | |  | | | Not on the sort of stocks owned. | | | | | You pay your money, you take your choice I guess.
I think it's highly unlikely he'll beat his benchmark.. or an standard ETF like VWO, over 10 years with his huge fees.
He's shown he's good at running a concentrated developed market fund over the last few years, same par as Nick Train, but I'm not at all tempted to invest in this FEET fund
| 
11.07.2018, 14:42
| Forum Veteran | | Join Date: Mar 2010 Location: Greater Zürich Area
Posts: 1,016
Groaned at 134 Times in 84 Posts
Thanked 839 Times in 443 Posts
| | Re: Fundsmith FEET 2018 | Quote: | |  | | | Higher growth rates of good business's will trump many fold on a 30 year view, paying a fair price for a good business is way better than paying a good price for a fair business. The third biggest stock in the index is Samsung 3.84% which is already a global business not really what this is about IMHO.
10% would seem overweight if you were looking for a balanced portfolio, I am under 1%, the market will give me the opportunity to buy at a discount to NAV during the next market crash, I know you prefer $ cost averaging. | | | | | So 10% in EM would be overweight? It is below the GDP % in EMs...
I am still in my thirties and just building up my portfolio, so 1% for me would mean no more than a couple of thousands...
| 
11.07.2018, 15:38
|  | Forum Legend | | Join Date: Apr 2010 Location: Verbier
Posts: 21,376
Groaned at 461 Times in 352 Posts
Thanked 23,091 Times in 11,824 Posts
| | Re: Fundsmith FEET 2018 | Quote: | |  | | | So 10% in EM would be overweight? It is below the GDP % in EMs...
I am still in my thirties and just building up my portfolio, so 1% for me would mean no more than a couple of thousands... | | | | | As a % of stock market valuation v global valuation of all listed companies. (UK 3% France 1.9% Germany 1.8% India 1.7% Switzerland 1.4%)
Clearly over the next 30 years the EM co growth rate will be many times that of the developed world for companies that are actually doing all their business in those countries. They will be way more volatile in any period of uncertainty so the time to buy is not when everything is going OK but when it looks like the end of civilisation that happens relatively often with the stock market, which frightens the general public.
| The following 3 users would like to thank fatmanfilms for this useful post: | | 
21.02.2019, 17:44
| Junior Member | | Join Date: Mar 2018 Location: Schlieren
Posts: 44
Groaned at 0 Times in 0 Posts
Thanked 18 Times in 12 Posts
| | Re: Fundsmith FEET 2018
Hi, does anyone know how to find enter the FEET fund in the Tax software from Canton ZH? I tried the recommended page: https://www.ictax.admin.ch/extern/it.html#/search
with ISIN (GB00BLSNND18), name etc, but it cannot find the fund :-(
Any suggestion?
| 
22.02.2019, 16:10
|  | Forum Legend | | Join Date: Apr 2010 Location: Verbier
Posts: 21,376
Groaned at 461 Times in 352 Posts
Thanked 23,091 Times in 11,824 Posts
| | Re: Fundsmith FEET 2018 | Quote: | |  | | | Hi, does anyone know how to find enter the FEET fund in the Tax software from Canton ZH? I tried the recommended page: https://www.ictax.admin.ch/extern/it.html#/search
with ISIN (GB00BLSNND18), name etc, but it cannot find the fund :-(
Any suggestion? | | | | | Don't lose any sleep, just use value at 31.12, I rarely bothered with fund no & they did not give a shit.
| This user would like to thank fatmanfilms for this useful post: | | 
22.02.2019, 17:02
| Junior Member | | Join Date: Mar 2018 Location: Schlieren
Posts: 44
Groaned at 0 Times in 0 Posts
Thanked 18 Times in 12 Posts
| | Re: Fundsmith FEET 2018 | Quote: | |  | | | Don't lose any sleep, just use value at 31.12, I rarely bothered with fund no & they did not give a shit. | | | | | Thank you!
| 
22.02.2019, 19:03
| Forum Veteran | | Join Date: Mar 2010 Location: Lyss
Posts: 910
Groaned at 37 Times in 29 Posts
Thanked 883 Times in 434 Posts
| | Re: Fundsmith FEET 2018
Why would someone bother with FEET? It's absolutely appaling. 3.3% YTD? I'd have a hard time trying to build an ETF portfolio of absolute dog EM ETFs and I'm not sure I'd match this.
It has also underperformed broad EMs (FTSE or MSCI Index, your call) since inception.
This is nothing like the original Fundsmith.
| 
22.02.2019, 20:13
|  | Forum Legend | | Join Date: Oct 2009 Location: Basel
Posts: 14,992
Groaned at 295 Times in 199 Posts
Thanked 19,064 Times in 8,021 Posts
| | Re: Fundsmith FEET 2018 | Quote: | |  | | | Why would someone bother with FEET? It's absolutely appaling. 3.3% YTD? I'd have a hard time trying to build an ETF portfolio of absolute dog EM ETFs and I'm not sure I'd match this.
It has also underperformed broad EMs (FTSE or MSCI Index, your call) since inception.
This is nothing like the original Fundsmith. | | | | | I'm up 12% (or 40% annualized) since buying Q4 last year. Hard to judge on a short term basis, you have all sorts of factors which impact short term performance. I was holding off on EM but started to dip my toe in it last year.
Would like to buy more, but only when timing/value/environment is right.
| This user would like to thank Phil_MCR for this useful post: | | 
22.02.2019, 20:35
| Forum Veteran | | Join Date: Mar 2010 Location: Lyss
Posts: 910
Groaned at 37 Times in 29 Posts
Thanked 883 Times in 434 Posts
| | Re: Fundsmith FEET 2018 | Quote: | |  | | | I'm up 12% (or 40% annualized) since buying Q4 last year. Hard to judge on a short term basis, you have all sorts of factors which impact short term performance. I was holding off on EM but started to dip my toe in it last year.
Would like to buy more, but only when timing/value/environment is right. | | | | | You'd do just as well with EIMI (IE-Based, 0.18% TER) or VWO (US-based, 0.14% TER) ETFs without the extortionate management fee.
| 
22.02.2019, 20:44
|  | Forum Legend | | Join Date: Oct 2009 Location: Basel
Posts: 14,992
Groaned at 295 Times in 199 Posts
Thanked 19,064 Times in 8,021 Posts
| | Re: Fundsmith FEET 2018 | Quote: | |  | | | You'd do just as well with EIMI (IE-Based, 0.18% TER) or VWO (US-based, 0.14% TER) ETFs without the extortionate management fee. | | | | | you need to look at the constituent holdings. if i wanted the kind of EM portfolio offered by vwo, i can pretty easily construct something similar myself without the fee and be more selective at the same time.
feet gives me access to the kind of EM companies that i want but am not able to construct myself.
| 
22.02.2019, 20:54
| Forum Veteran | | Join Date: Mar 2010 Location: Lyss
Posts: 910
Groaned at 37 Times in 29 Posts
Thanked 883 Times in 434 Posts
| | Re: Fundsmith FEET 2018 | Quote: | |  | | | you need to look at the constituent holdings. if i wanted the kind of EM portfolio offered by vwo, i can pretty easily construct something similar myself without the fee and be more selective at the same time.
feet gives me access to the kind of EM companies that i want but am not able to construct myself. | | | | | Well honestly I have absolutely no clue about any of the constituents of FEET. What I see is 40% exposure to India, and as it is India is extremely overblown in value by P/E ratio (22 vs 12 avg for EM).
I'm more familiar and confident in constituents of MSCI All Nigeria tbh and it pays 6.5% dividend ;-)
| 
23.02.2019, 11:19
|  | Forum Legend | | Join Date: Apr 2010 Location: Verbier
Posts: 21,376
Groaned at 461 Times in 352 Posts
Thanked 23,091 Times in 11,824 Posts
| | Re: Fundsmith FEET 2018 | Quote: | |  | | | Well honestly I have absolutely no clue about any of the constituents of FEET. What I see is 40% exposure to India, and as it is India is extremely overblown in value by P/E ratio (22 vs 12 avg for EM).
I'm more familiar and confident in constituents of MSCI All Nigeria tbh and it pays 6.5% dividend ;-) | | | | | The EM companies worth buying have a far higher PE than 22, however their growth rates make them seem good value to a long term investor.
| 
19.09.2019, 17:04
|  | Forum Legend | | Join Date: Oct 2009 Location: Basel
Posts: 14,992
Groaned at 295 Times in 199 Posts
Thanked 19,064 Times in 8,021 Posts
| | Re: Fundsmith FEET 2018 | This user would like to thank Phil_MCR for this useful post: | | 
23.08.2020, 21:00
| Forum Legend | | Join Date: Jul 2020 Location: Frick, Aargau
Posts: 2,876
Groaned at 62 Times in 50 Posts
Thanked 4,070 Times in 1,901 Posts
| | Re: Fundsmith FEET 2018
Anyone think this is worth buying. It's been a pig so far and it's been going for years. Will it turn the corner?
| 
24.08.2020, 09:41
| Forum Veteran | | Join Date: Jun 2014 Location: Zürich
Posts: 754
Groaned at 9 Times in 8 Posts
Thanked 602 Times in 320 Posts
| | Re: Fundsmith FEET 2018 | Quote: | |  | | | Anyone think this is worth buying. It's been a pig so far and it's been going for years. Will it turn the corner? | | | | | Everyone else knows about the future just as much as you do - i.e. nothing.
| 
18.10.2020, 20:53
| Forum Veteran | | Join Date: May 2007 Location: Basel
Posts: 585
Groaned at 13 Times in 7 Posts
Thanked 260 Times in 161 Posts
| | Re: Fundsmith FEET 2018 | Quote: | |  | | | I opened mine about 5 years ago whilst resident in CH. I still use them but resident in E.U. | | | | | What is the problem with buying FS direct with FS?
I bought into FS a couple of years ago direct and had no problems ... a very straight forward transaction.
Has something changed and would such changes prevent me from buying more, or is this not a problem as I am already an existing client?
| 
18.10.2020, 22:02
|  | Forum Legend | | Join Date: Apr 2010 Location: Verbier
Posts: 21,376
Groaned at 461 Times in 352 Posts
Thanked 23,091 Times in 11,824 Posts
| | Re: Fundsmith FEET 2018 | Quote: | |  | | | What is the problem with buying FS direct with FS?
I bought into FS a couple of years ago direct and had no problems ... a very straight forward transaction.
Has something changed and would such changes prevent me from buying more, or is this not a problem as I am already an existing client? | | | | | I think you can, the online system does not work if your debit card has a foreign address. Phil MCR has definitely bought directly by bank transfer.
My direct holding is an ISA originally a PEP, my wife who is joint UK resident holds directly, most of my holdings are via Luxembourg in Euros, a small holding von Hargreaves Lansdown.
| This user would like to thank fatmanfilms for this useful post: | | 
18.10.2020, 22:06
|  | Forum Legend | | Join Date: Jan 2010 Location: Rapperswil
Posts: 3,754
Groaned at 75 Times in 70 Posts
Thanked 4,537 Times in 2,076 Posts
| | Re: Fundsmith FEET 2018 | Quote: | |  | | | What is the problem with buying FS direct with FS?
I bought into FS a couple of years ago direct and had no problems ... a very straight forward transaction.
Has something changed and would such changes prevent me from buying more, or is this not a problem as I am already an existing client? | | | | | You certainly have that option on the website: https://www.fundsmith.co.uk/invest
Select "non-ISA" at the start and Switzerland seems to be acceptable as a residence and tax residence option.
| This user would like to thank newtoswitz for this useful post: | | 
12.11.2020, 14:10
|  | Forum Legend | | Join Date: Apr 2010 Location: Verbier
Posts: 21,376
Groaned at 461 Times in 352 Posts
Thanked 23,091 Times in 11,824 Posts
| | Re: Fundsmith FEET 2018 | Quote: | |  | | | Anyone think this is worth buying. It's been a pig so far and it's been going for years. Will it turn the corner? | | | | | Interesting comment, looks like it did just before you wrote the post.
FEET has beaten SMT & Smithson on 1 week, 1 month & 3 months.
FEET has beaten Fundsmith & Smithson on 3 / 6 month view
FEET 1 week + 4.34, 1 Month 9.32, 3 months 17.81, 6 months + 31.63
Smithson 1 week +2.6, 1 Month 0, 3 months 4.77, 6 months 22.67
Fundsmith 1 month 0, 3 months +4.4 , 6 months 12.36
SMT 1 week -3.2, 1 Month -2.46, 3 months + 13.62
Last edited by fatmanfilms; 12.11.2020 at 14:26.
Reason: Cant get spacing to work
|
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests) | | Thread Tools | | Display Modes | Linear Mode |
Posting Rules
| You may not post new threads You may not post replies You may not post attachments You may not edit your posts HTML code is Off | | | All times are GMT +2. The time now is 06:51. | |