Forum Archive Index - February 2000

["Brian Brakenridge" <brianbrak@xtra.co.nz>]

Hi Mark:

Thanks for that. Now, what would be an interesting exercise, would be to
compare each of your UK investment trusts with their closest relative
indexes. Not too sure the best way to go about it but will have a surf
through Trustnet, Morningstar etc and see what I can find. Cheers, Brian

-----Original Message-----
From: Mark Hubbard <mhubbard@es.co.nz>
To: sharechat@sharechat.co.nz <sharechat@sharechat.co.nz>
Date: Sunday, 6 February 2000 12:58
Subject: Re: Re: [sharechat] Re the reference to investing in Funds


>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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