Rory T Gillen
Registered User
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- 38
This thread, apart from the initial post, is a decent example of why I find myself struggling to participate on this site. Everyone wants their view to be right, and then get argumentative, with little based on facts. It is a fact - well researched, well documented - that passive investing ensures market performance (less the fees, which are lower); active management does not (and they have, typically, higher costs). I am a big fan of index trackers, but not to the exclusion of all else. Personally, I get quickly bored with passive investing (ETFs, for example) and find actively-managed funds more interesting. I may not be entirely rational in that regard, but a key point is we are all different. As a concrete example, I find the JP Morgan Global Growth & Income Trust - quoted on the LSE - to be very interesting. The fund follows a strict approach to stock selection which I find convincing and the Board is committed to paying out 4% of its net asset value each year, backed up with decent revenue reserves and substantial capital reserves (which means the dividend can be sustained through weaker periods in markets). Adds an element of attraction to it for an investor who needs an income - now - from his/her investments - think of the ARF investor, perhaps. It adds something to the choice, I feel.
Rory Gillen
Rory Gillen