I have become very sceptical about Rabodirect and their funds of late. I usually invest directly in shares, but some time ago i invested in a good few of these funds, more or less for comparisons with direct investment.
They are spread geographically and in different sectors.
Every one of these are significantly under water and collectively over 20% down. I am now watching them on a daily basis and i am particularly concerned about mining, energy, and new energy. It is strange that these funds are showing a big loss now given the momentum that commodities and particularly oil have had.
Quite frankly they are not suitable in my case, because i cannot write off losses against cgt.
Also i notice that some of the funds now have a different name, changed from Merril Lynch.
I do not remember getting any info on this but i amy have missed it, among some of the rubbish they send out.
Anyway i will be ditching them soon.