Forum Archive Index - February 2000

["G Christie" <bayvu@ihug.co.nz>]

That's a very interesting site - thanks Mark. Any secret as to how you chose
the particular investments you did - there's a mind - boggling range of
options (and as we know history doesn't help with future returns). Perhaps
if the dollar does rise it could be better to wait 'till later in the year
before investing too much overseas? Regards Graeme
-----Original Message-----
From: Mark Hubbard <mhubbard@es.co.nz>
To: sharechat@sharechat.co.nz <sharechat@sharechat.co.nz>
Date: Sunday, 6 February 2000 13:03
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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