ISAs for April Deadline

14th Mar '10 by Betasurfer

8 comments 5885 reads

A general area for ISA related discussions, particularly managed funds, in light of the April deadline

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Betasurfer

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I seek to apply the fundamental principles of surfing to the capital markets...

8 comments

Betasurfer

14th Mar '10

Is anyone else looking at Fidelity China Special Situations fund managed by Anthony Bolton? Any views?

https://www.fidelity.co.uk/investor/research-funds/in-focus/china-special-situations/gateway.page

I can't decide whether to go for it or not. On the other hand, he has a great track record but his experience is all UK-based. There's annual fees of 1.5 per cent and performance charges on top, so it's expensive. I don't like investing in stuff that's "hot" (which this definitely is) but then again, Anthony Bolton + China just feels like a rather compelling combination.

Hmmmm...

Fangorn

14th Mar '10

Am looking at it as well. Currently undecided as it's unlikely that it will have much of a dividend and I'd far rather use my ISA allocation to focus on such divi payers as Utilities, Defence, and other high yielders.

Bolton has a good rep, my only concern is he is investing at the top of the market (or will be ) and China is very much a casino, the volatility is very high.

At least three weeks till the deadline :)

MrT

14th Mar '10

Deadline for that fund seems to be early. March 25th according to some literature I saw from Fidelity. Not sure why. And you have to fill in a paper form - how arcane!

Too toppy for me!

StrollingMolby

15th Mar '10

Easter falls smack in the middle of the TYE ISA season this year, so where a savings scheme requires pre-funding (i.e. cleared cheques), then the deadline for getting applications in will be end-March. So if planning to fund your ISA, or top-up to use the additional £3,000 allowance (if 50 years old or over), then some early planning is required!

SM

emptyend

15th Mar '10

I've been a big fan of Bolton and held Special Sits for about 15 years. However, I don't believe that he has much to add re China, which is a market that he has frankly been unfamiliar with.

China as a whole is tough to call at current levels. I have no doubt that the Chinese economy will (despite frequent bumps and issues) go from strength to strength.....but, OTOH, I also have to wonder how much of the general economic upside potential is now priced into the market......

......it seems to me that many fund managers have made the relocation switch to HK/Singapore/Shanghai etc......but there seem to me to be so many going there that the market may be topping out......

....where are the fresh buyers going to come from?

oilschmoil

15th Mar '10

Betasurfer -
Around 10 years ago I was impressed by a similar combination of Antony Bolton and the current hot topic. That topic was Technology....... In a short space of time my £7000 investment with Aberdeen Assets Technology fund (where he was based at the time) fell to less than £1800, when I finally gave up. Had I stayed in I would never have recouped my loss. I have not invested with an institution since, so now I can only blame myself for any losses from my share transactions. I have no regrets, and no commission payments!

AJ51

15th Mar '10

I think I'd wait for a correction in the Chinese Market before handing over my hard earned to Mr Bolton. A 20% discount to Nav will be a good entry point.
I've been looking at Witan Pacific IT (WPC) as tipped by the IC. It looks cheap and has 30% exposure to Japan. Japan can't get any worse,can it?

Fangorn

15th Mar '10

I'd agree Japan cant get any worse, but then again I don't think it will get that much better. Another 5-10 years of drift imv. Currently at 10700 odd, high in the last three to four years 18000 odd. Last time at this level September 04.
Sept 2001 10700 odd. So basically it's gone nowhere really in the last nine years(unless you were able to buy at the low and sell at the high!) Japanese stocks, I seem to remember , don't pay that much in the way of dividends either.

But. As the second or is it now third largest economy one still needs exposure of some sort to Japan, the question is how to go about it. I'm going to hang fire on Bolton's new fund for the time being, way too much hype,and I think Chinese markets are fully valued at the moment. The Chinese stockmarkets are very volatile, inclined as the locals are to their fondness of gambling! And the stockmarket is often on par with the horse racing at the jockey club! It's quite amazing the length of queues for any new IPO - I remember the Tom.com, it was absolutely incredible!

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ISAs for April Deadline

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Betasurfer

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