Forum Archive Index - February 2000

["Mark Hubbard" <mhubbard@es.co.nz>]

If you're looking for a good overseas investment vehicle for investing in a
range of overseas equities, etc, then I don't believe you can do better than
UK investment trusts. I believe they are superior to NZ domiciled unit
trusts (investing overseas) as the UK Trusts are structured so that they
don't pay capital gains (whereas other than passive NZ unit trusts all do).
Through UK Investment Trusts there is also a much greater variety of
investment options; you cannot only invest by country (or there are also
straight global funds), but you can also invest by sector.

An excellent site here is Trustnet, where you can get listings of all trusts
available, plus 1 to 5 year performance. I'm currently invested in:

Finsbury Technology
Charter European
Jardine Fleming Fledging Japan
Flemming Asian Investment Trust
Flemming Overseas Fund (this one purchased on NZSE)
Henderson Electric & General

Note that I'm getting far superior returns (even with brokerage taken into
account) than I ever got through NZ unit Trusts which I was invested in for
8 years before completely switching over to UK Funds. Note also that all of
the above trusts are concerned with achieving capital gains rather than
income.

The only downside at the moment is the low $NZ (although good if you've
already got your money overseas!)

You'll find Trustnet at:

http://www.trustnet.co.uk/general/default.asp

Regards


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