UK PP fund

Discussion of funds that implement the Permanent Portfolio strategy

Moderator: Global Moderator

Post Reply
User avatar
Hal
Executive Member
Executive Member
Posts: 1388
Joined: Tue May 03, 2011 1:50 am

UK PP fund

Post by Hal »

User avatar
I Shrugged
Executive Member
Executive Member
Posts: 2127
Joined: Tue Dec 18, 2012 6:35 pm

Re: UK PP fund

Post by I Shrugged »

So it’s UK bonds and global equities. Those are always the interesting pieces of non US PPs.
User avatar
Hal
Executive Member
Executive Member
Posts: 1388
Joined: Tue May 03, 2011 1:50 am

Re: UK PP fund

Post by Hal »

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.....
User avatar
seajay
Executive Member
Executive Member
Posts: 482
Joined: Mon Aug 09, 2021 11:11 am

Re: UK PP fund

Post by seajay »

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.
Post Reply