Tuesday 27 March 2007

Update: Managed Funds: 27 Mar 2007

I've been posting updates of my Australian and US stock portfolios each month, so I may as well post a monthly snapshot of my mutual fund holdings. I've excluded my shares in the Commonwealth Diversified Share Fund (CDF) as it is an exchange traded fund (ETF) and already appears in my stock portfolio posts.

After investing in several actively managed funds in my early days as an investor (in those days a monthly $50 or $100 savings plan was more in line with my available savings than buying blocks of stock), I've slowly moved away from funds, aside from low-cost index funds and some "hedge" funds. I found that, apart from often poor performance relative to the index they were bench-marked against, there were often problems with funds being "wound up" if they were performing badly.

My current Managed Fund investments are:

St George Margin Loan;
Code Fund Name Price Qty Value Margin
FSGSF Col First State Geared Share Fund $4.9418 4,427 $21,879.71 70%
OMIP320 OM-IP 320 Diversified Limited $1.8899 5,000 $9,449.50 65%
OMIPSL OM-IP Strategic Limited $2.2971 5,000 $11,485.50 60%
OMS1220 Series 1 OM-IP 220 Limited $4.1063 5,000 $20,531.50 70%
VIISF Vanguard Index International Share Fund $1.1462 13,046 $14,954.28 70%
VLHGF Vanguard LifeStrategy High Growth Fund $1.7237 18,453 $31,807.49 70%

Comsec Margin Loan;
FSF0169AU CFS Geared Global Share Fund $0.777 8,241 $6,403.47 50%

Enough Wealth

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