In the article you post, it mentions that the ‘C’ share class isn’t to common retail investors:
The board of Schiehallion said on Thursday (6 January) it was considering raising up to $500m via the proposed issue of a ‘C’ share class aimed at both institutional and professional investors.
Can’t wait to get back in PHI and BGCG, but can’t see the sense in it while they are still issuing new equity.
Been looking at other options, here’s a chart comparing 1 year results of BGCG, PHI, JCGI and JAGI.
PHI is very impressive, BGCG of course was completely different prior to BG taking over, so take those results with a pinch of salt and expect to see them rise if they work their usual magic.
Did a quick comparison between holdings in PHI and BGCG, here are the overlapping holdings:
Alibaba
Brilliance China Automotive
Burning Rock Biotech Ltd
CNOOC
Geely Automobile Holdings
Guangzhou Kingmed Diagnostics ‘A’
Huayu Auto Systems ‘A’
iQIYI Inc
JD . Com Inc
KE Holdings
Kingdee Int’l Software Group
Kingsoft Corp Ltd
Li Ning
LUFAX Holdings LTD
Meituan Dianping
Minth Group
Ping An Bank ‘A’
Ping An Insurance
Tencent
Zai Lab ADR
Nice, I am guessing this pie is not the majority of your portfolio or is it? My only thing is if they are mostly all BG funds, if there was an issue with them (I know very unlikely) then all funds may be impacted. I have no basis for this haha just that I have chosen funds/ETFs from different companies for this purpose.
I believe not. It is a fund and not an investment trust. I know there are some Baillie Gifford funds on t212 already but they are actually trusts. T212 can add close ended funds like investment trusts and operate like stocks. Open ended funds don’t behave like stocks.
Yes, you pay .45% on everything in your portfolio.
However, You pay .45% to a maximum of £45 per year on ETF’s & Trusts.
So, if you had £1,000,000 in funds with HL, you’d pay £4500 a year in fees.
If you had £1,000,000 in ETF’s & Trusts with Hl, you pay £45 a year!!!
I only worked this out recently, so I have switched most of my funds to ETF’s & Trusts.
Funds are free to buy & sell -hence the no limit on their .45% charge.
Etf’s & Trusts cost £11.95 to buy & sell, hence their cap at £45 per year.
if you plan accordingly, you can save a bit.
What i do is cost average into funds… (free to buy), then once I have a substantial amount saved up and the time is right, i sell the fund and buy an ETF or Trust. It’s been working well.