Funds and Investment Trusts

Fancy a nice apartment in Berlin?

Fancy a nice apartment in Berlin?

2 mins. to read

A closed-ended fund that invests in a Berlin-focused portfolio of German residential properties has recently listed on the main market of the London Stock Exchange. Phoenix Spree Deutschland has been operating in Germany since 2006, but can now be traded in the UK using the ticker PSDL. The fund currently owns 114 different properties. These…

Top of the class

Top of the class

2 mins. to read

Neil Woodford’s equity income fund has just celebrated its first birthday with a sector topping annual return of 17.2%. This was more than 10% higher than the average UK equity income fund and comfortably ahead of his two former Invesco Perpetual mandates. Since it was launched on the 2nd of June 2014, CF Woodford Equity…

The funds that won’t diworsify your investment

The funds that won’t diworsify your investment

2 mins. to read

Many of the top performing funds including Woodford Equity Income and Terry Smith’s Fundsmith Equity hold extremely concentrated portfolios. These highly regarded managers have taken on board the point made by Warren Buffett that wide diversification is only required when investors do not understand what they are doing. Empirical studies suggest that once you get…