UK PP fund

Discussion of funds that implement the Permanent Portfolio strategy

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Hal
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UK PP fund

Post by Hal » Thu Mar 03, 2022 6:14 am

Aussie GoldSmithPP - 25% PMGOLD, 75% VDCO
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I Shrugged
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Re: UK PP fund

Post by I Shrugged » Thu Mar 03, 2022 7:51 pm

So it’s UK bonds and global equities. Those are always the interesting pieces of non US PPs.
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Hal
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Re: UK PP fund

Post by Hal » Fri Mar 04, 2022 2:51 am

I Shrugged wrote:
Thu Mar 03, 2022 7:51 pm
So it’s UK bonds and global equities. Those are always the interesting pieces of non US PPs.
Wondered if they could substitute UK hedged International Developed Markets Bond ETF's.....
Aussie GoldSmithPP - 25% PMGOLD, 75% VDCO
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seajay
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Re: UK PP fund

Post by seajay » Sun Mar 06, 2022 8:51 am

25% Global stock via London Stock Exchange listed FCIT investment trust https://www.bmogam.com/fandc-investment-trust/ has around 50% US, 50% rest of world stock exposure

50% domestic UK Gilts (Treasury), 1 and 20 year barbell or a simple 10 year ladder bullet

25% physical gold (some SGLN ETF for liquidity/rebalancing purposes)

has good enough multiple currencies/assets exposure.

BMO (Bank of Montreal) manage the FCIT fund i.e. you can buy into their savings plans so you're dealing/holding directly with the Trust rather than via a broker (direct investing rather than via Street Name). Whilst the fees/costs look high relative to low cost ETF's in practice their active management and ability to leverage/de-leverage, along with a price to net asset value discount tends to offset the costs. Shares are recently priced to a 10% discount to net assets value https://www.trustnet.com/factsheets/t/f ... al-inv-tst

Much of UK stock earnings are sourced from foreign anyway, north of 70% for the FTSE100 (largest 100 stocks). FCIT is pretty much the same as a 50/50 S&P500/FTSE100 split rolled up into one.
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