Apparently Ant financial’s listing has been postponed. News just in on the twitto-sphere.
Something to do with its valuation. edit: that was just early tweets. Apparently nothing to do with valuation. Maybe more serious.
Alibaba currently imploding into smithereens.
It is on the newspapers also:
…grrrrreat. 
Let’s hope they just realised they’ve missed a 0 off the valuation 
@Joey_Fantana can you please share a link to the full holdings of BGCG? I’ve been looking myself and can’t find them.
Not sure why BG doesn’t have them in their PDF, they do with the SMT fund.
What weights would you guys recommend for SMT and BGCG?
I’m guessing the majority of my portfolio should be in SMT and a smaller portion in BGCG?
I already own SMT but I am certainly going to invest in BGCG.
I too would love to see the remaining BG funds added.
Hi there - unfortunately they are not online yet.
It’s annoying but Client Teams usually take a while to update the monthly and quarterly documentation. This is because investments always change, the teams need to be 100% accurate as at the time of reporting and also automation of reports need to be double and triple checked as often have inaccuracies.
As BGCG has been rebranded from Witan Pacific, I presume this migth take even longer for them to pull together but I’m sure they’ll get there eventually.
It’s now fractional!!!
I can see Tencent, Alibaba and Meituan Dianping in the top 10 holdings.
These are also in the top 10 holdings of SMT.
Would it be silly to buy both SMT and this China growth one due to the big overlap? I am a noob investor so don’t know what to do in these overlap situations.
I do because I’d have a proper position in those companies if I could. Perhaps the Edinburgh investment trust might be an option when that becomes available - smaller growth companies
Getting closer to a BG pie 
So what would be a good ratio if I were to add the China growth one to my portfolio… which is just SMT.
I’d like to stay heavy on the American side. Maybe 80% SMT, 20% China?
That sounds about right @pipo although I’d maybe go 90/10. It’s worth looking at the weighted costs in this situation. The more you allocate to BGCG, the higher the overall ongoing cost will be.
@pipo there aren’t many overlaps at all when it comes to BG, that’s what I like about them. I don’t mind overlapping on companies they believe will do well, but overall their offerings are quite diverse with very little overlap–especially when you compare them to ARK’s offerings!
I’m not sure I’d agree on that point. Tesla’s the top holding in EWI, USA and SMT, as one example. AMZN, Z, TDOC, KER, ASML and a fair few others also feature prominently in multiple BG investment trusts. That said, I’m not particularly bothered by the overlap.
I’ve no issue with overlap in Tesla and amazon personally… just makes me wonder if I need them as stock holdings anymore. I love the fact they invest into private companies early pre IPO like palantir and Ant (LOL)
TSLA is top holding for a reason, they are usually top holding in any growth ETF.
If you don’t want overlap, don’t buy in to ETFs that contain overlap, some people want overlap because those companies are proven to be great growth holdings. It allows them to drop individual holdings and put their money in a cheap, managed ETF.
There are undoubtedly overlaps between the Nasdaq-100 ETF and the SMT fund I currently invest in, but I am happy with that. My plan is to start investing in to India and China when possible. I may see some overlap again with the SMT fund, but I don’t mind.
Looking at BG’s offerings, there have far less overlap. Sure, you can get lots of overlap if you buy every fund, but who’s doing that? Compare that to ARK’s offerings and they have plenty of overlap in their 5 ETF offerings.
Not saying that’s a bad thing though. Surely if overlapping stocks do well, you’d do even better by owning more. To each their own.
I have no issue with it either, I’m just merely pointing out that significant overlap exists because it’s clearly untrue to say ‘there aren’t many’ when there are in fact dozens.
There aren’t, especially in comparison to ARKs offerings.
If you say so.
Off the top of my head, these feature in multiple BG investment trusts: RSW, GNS, RMV, PRU, REL, RIO, PRX, KNIN, ZAL, SPOT, ADYEN, ADS, RYA, DHER, OR, ASML, TKWY, MOR, CFR, ITX, RI, CLLS, TSLA, OCDO, MKTX, Z, ALNY, CHGG, TDOC, TREE, W, BL, APPN, CDXS, CWR, AAXN, IRBT, SGEN, API, AMZN, BABA, GOOG, MSFT, SHOP, TMO, SE, FB, TSM, HDB, MELI, ILMN, DDOG, ABMD, DNLI, KER, NFLX, ZM, ITX, WDAY, SNOW, TTD, MA, NVCR.
I could dig up many more, but I’ve proved my point so I’ll leave it there.
