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Aminatidi
Posted: 10 February 2025 14:31:24(UTC)
#371

Joined: 29/01/2018(UTC)
Posts: 5,865
Timely given my recent posts.

Must admit I did a double-take at that chart as I couldn't quite believe HSBC GS Balanced turned in 7% a year the past ten years.
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Isaac J
Posted: 10 February 2025 14:43:49(UTC)
#372

Joined: 25/05/2022(UTC)
Posts: 298
Aminatidi;333814 wrote:
Timely given my recent posts.

Must admit I did a double-take at that chart as I couldn't quite believe HSBC GS Balanced turned in 7% a year the past ten years.


You thought it would be higher or lower?
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Aminatidi
Posted: 10 February 2025 15:27:05(UTC)
#373

Joined: 29/01/2018(UTC)
Posts: 5,865
Lower.

I thought the 100% return over 10 years was a typo.

Even thought I know a 7% return doubles your money in 10 years it never quite looks right :)
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Jay P
Posted: 10 February 2025 15:53:17(UTC)
#374

Joined: 25/08/2023(UTC)
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HSBC Global Managed Balanced has formed the core (c.80% of) my wife's SIPP - not yet in drawdown, probably not for another 6 years - for eight years now.

It has soldiered on well and allowed a bit of frivolity with the other 20% - currently equal AGT and VUSA.
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Sheerman on 10/02/2025(UTC), Harry Trout on 10/02/2025(UTC)
Rory Barr
Posted: 10 February 2025 16:52:03(UTC)
#375

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There's a bit of apples and oranges going on in the chart though...

E is RPI which is of course, RPI
D is HSBC GS Balanced, a 60:40 fund
A is Trojan, as being discussed (and a proxy for PNL)
B is Blackrock MyMap 4 which is a 50:50 fund (albeit risk/volatility managed rather than asset allocation)
C is CH Absolute Return, a comparator of Trojan (and proxy for CGT)

What isn't shown is Blackrock MyMap 3 as 20:80 Fund (again albeit risk/volatility managed)

I would expect Trojan/PNL (and perhaps CGAR and CGT) to site between MyMap 3 and 4, and below HSBC GS Balanced both in terms of risk and volatility, and thus long-term performance.
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7 users thanked Rory Barr for this post.
Thrugelmir on 10/02/2025(UTC), Barista on 10/02/2025(UTC), Aminatidi on 10/02/2025(UTC), AlanT on 10/02/2025(UTC), Sheerman on 10/02/2025(UTC), Guest on 10/02/2025(UTC), Isaac J on 10/02/2025(UTC)
Jay P
Posted: 10 February 2025 17:10:28(UTC)
#378

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Another family favourite here is Artemis Monthly Distribution. c. 95% TR over 10 years.
20-60% Equities so 40-80% bonds.

the Acc version for ..accumulation, the Inc version for monthly distributions if that's what you want one day.

https://www.fundslibrary...INk8fn5ul%2b7M3P&r=1
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Harry Trout on 10/02/2025(UTC)
Aminatidi
Posted: 10 February 2025 17:38:40(UTC)
#376

Joined: 29/01/2018(UTC)
Posts: 5,865
Rory Barr;333840 wrote:
There's a bit of apples and oranges going on in the chart though...

E is RPI which is of course, RPI
D is HSBC GS Balanced, a 60:40 fund
A is Trojan, as being discussed (and a proxy for PNL)
B is Blackrock MyMap 4 which is a 50:50 fund (albeit risk/volatility managed rather than asset allocation)
C is CH Absolute Return, a comparator of Trojan (and proxy for CGT)

What isn't shown is Blackrock MyMap 3 as 20:80 Fund (again albeit risk/volatility managed)

I would expect Trojan/PNL (and perhaps CGAR and CGT) to site between MyMap 3 and 4, and below HSBC GS Balanced both in terms of risk and volatility, and thus long-term performance.


Totally get that 👍🏼

I tend to assume a 40/60 is probably about right as a comparison?

Presume having that flexibility during the bond meltdown counted for a lot.
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1 user thanked Aminatidi for this post.
AlanT on 10/02/2025(UTC)
Rory Barr
Posted: 10 February 2025 17:53:06(UTC)
#377

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Aminatidi;333849 wrote:
Totally get that 👍🏼

I tend to assume a 40/60 is probably about right as a comparison?

Presume having that flexibility during the bond meltdown counted for a lot.


Two things counted for a lot IMHO: the flexibility (as you have noted) and the active management of that flexibility (which is what you get in return for the fees, and which I think you said recently in a different post that you can't quite bring yourself to pay for).

And that Mr A, is the very nature of passive v active management, and why I pay someone to manage almost 50% of my PF (PNL), with the other 50% being a very passive VWRP.
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Aminatidi on 10/02/2025(UTC), smg8 on 10/02/2025(UTC), Sheerman on 10/02/2025(UTC), Sara G on 10/02/2025(UTC), ben ski on 11/02/2025(UTC)
Aminatidi
Posted: 10 February 2025 17:54:51(UTC)
#379

Joined: 29/01/2018(UTC)
Posts: 5,865
Let's just say it's been a thoughtful 24 hours 👀
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Rory Barr on 10/02/2025(UTC)
Rory Barr
Posted: 10 February 2025 17:58:48(UTC)
#380

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Aminatidi;333851 wrote:
Let's just say it's been a thoughtful 24 hours 👀


Found it; you said "PNL I can't quite reconcile what they do with the fee"

I'm not trying to be aggressive here or smart, just demonstrating that fixed income is complex, and a passive approach to it has its inherent risks (as does paying someone to do it, of course).
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3 users thanked Rory Barr for this post.
Jay P on 10/02/2025(UTC), Aminatidi on 11/02/2025(UTC), Sheerman on 11/02/2025(UTC)
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