jsan22
30 May 2018
Re: picked up fair enough, but discount isn't the biggest driver for me, as tend to hold for years.the FAS manager is 3rd out of 34 over 5 years in the sector - here's hoping for the next 5
alandwd
30 May 2018
Re: picked up Momentum might be good, but the discount is terrible. I cashed out the last of mine last month. it seems you can get a similar exposure on a decent discount by buying a couple of other Asian ITs. I know though the Fidelity ITs are popular, so it could go to a premium, so still have my subscription shares
jsan22
25 May 2018
picked up topped up my FAS holding this weekIt had a shabby 12 months or so, but the momentum this year is good, 2nd out of 15 Asian ITs.I like its spread in terms of geography and sectors.Also holds a good slug of cash which seems sensible.
alandwd
04 Oct 2017
Re: Discount now 3.9% There are some terrible trusts in that article in terms of low to non-existent discounts. OK, performance might be fine with a certain manager (eg. Shin Nippon) but it's easy to be caught out by a good manager leaving.Asian trusts generally remain poor value this past year. I'm letting monthly savings drip some in, but that's all.
jsan22
29 Sep 2017
Re: Discount now 3.9% hello all, good to see some dialogue on here.I've held FAS since the new manager came in and it had a great couple of years and now a bad one.Can't speak for SDP but a quick look at the two funds, shows not much difference in the last 3 years in terms of total performance.But one obvious difference is that SDP has half its holdings in China/HK. FAS has 8%FAS also has a bias towards medium/smaller cap.And SDP is a few points cheaper to own.So there are some differences to choose from.The standout in the article though for me though, is the recommendation of EDIN which has tanked all year. They also mention it has outperformed its benchmark this year which is clearly not the case now nor when the article was written. So I take it all with a pinch of salt.
holland44
28 Sep 2017
Re: Discount now 3.9% Hm, FAS's performance has been pretty weak over the year, reflected in Money Observer's recently decision to remove FAS from its "Adventurous" portfolio and replace it with SDP "because its NAV returns have been much stronger than FAS's over the past year, as well as over the long term, and its shares trade on a much wider discount."SDP is also more positively positioned, with a modicum of gearing, and longstanding manager Matthew Dobbs seems more confident about the outlook."Dobbs says Japan and Europe appear to be on a recovery tack, there is no reason to expect a sharp downturn in the US and the Chinese authorities are committed to maintaining a "satisfactory level of growth" - all of which should sustain global trade."He has been encouraged by "an earnings season (in Asia) which saw upward revisions, for the first time for a number of years", and is pleased his holdings have been strengthening their balance sheets rather than pursuing expansion for the sake of it."Source: [link]
alandwd
09 Jul 2017
Re: Discount now 3.9% Haha and it's not like I even bought any more myself! European trusts do seem to be very in again right now, the discount on that one is down to 7%.
nimbo1
14 Jun 2017
Re: Discount now 3.9% Alandwd - thanks for putting me onto TRG - up 20% now following your mention. Cheers
OilPrince
20 Mar 2017
Re: Midas share tip today Many thanks for your quick reply, much appreciated!
alandwd
20 Mar 2017
Re: Midas share tip today Hi, The charge with investment trusts is hidden within the company fees, so yes, you just go ahead and buy them through your stockbroker. There will be no extra annual fees for you directly, apart from any your stockbroker might charge for maintaining your dealing account.Normally the Investment Trust is better value than the Unit Trust equivalent.
OilPrince
19 Mar 2017
Midas share tip today Hello everyone. FAS was tipped with a good write up in ThisisMoney today.[link] a little confused so I wonder if someone could help me? I thought these trusts from Fidelity had some sort of annual charge, but seemingly I could go ahead and buy these for 'just' the share price through my normal stock broker.Is that correct? I'm thinking of putting a few in my ISA as a long term hold.
nimbo1
29 Jan 2017
Re: Discount now 3.9% Thanks for the suggestions I will take a look at them. I started buying FAS in the crash 12 months ago and have been buying it since. I also own ASCI - discount is too wide. I think these silly discounts are starting to get noticed as I have seen multiple tips for the UK smaller companies trusts in money week / ic etc.
alandwd
28 Jan 2017
Re: Discount now 3.9% Hi there, on the basis of decent discounts and yet seemingly unrecognised good stock market performance, I'm buying Fidelity Japanese and several of the UK smaller companies trusts (Aberdeen Smaller, Dunedin Smaller and HOT obviously).It actually also sounds like we started investing in Fidelity Asian about the same time! I've had a monthly savings with Fidelity since about then and yes, it's a pain to part with something that came good. However, I'm wondering if some the outperformance here is also due to Indian cash decision and the effect that had on Indian stock market, rather than sound fundamentals.Look also at the Henderson TR Europe trust (not the Eurotrust one). There's another fund manager that seems to manage outperformance well.
nimbo1
28 Jan 2017
Re: Discount now 3.9% Hi Alan, we obviously hold similar trusts, HOT for example. This is my second largest holding. I agree discount might widen again but I won't be selling - this is arguably the best manager in this space atm. A key long term hold for me - 20 years plus. I think my SIPP and grandchildren will be pleased. Also dividend doubled in the space of a year paid for our of income. Interesting to see Grey investor's comments on the HFEL thread - he is now receiving a 20% + yield on his first purchase! Out of interest what have you been buying instead? I am always on the lookout to make some new additions.
alandwd
27 Jan 2017
Discount now 3.9% That's less than the 96% of NAV tender they enacted at this trust some years ago. I exited most of my holding now. Other asian trusts on 10%+. I'll let the monthly saving continue to drip in, but better value elsewhere.
