Exploring options to slightly reduce my equity exposure to the US and M7 by selling about 20% of my US heavy global trackers. Dabbled with the idea of multi asset recently but think I want to keep my pf equity % the same. Already have a some alternative global equity exposure via Ranmore GE fund, but am thinking more global equity income now with lower US exposure …perfectly willing to accept a bit of lower volatility/returns to possibly smooth the way ahead a little and I’m happy to look at active as the extra cost of having an experienced eye might literally pay dividends over the next few years. I’m not yet interested in taking regular income so divis would be reinvested to max any capital growth, but if I build up a larger position over time, the option for decent income would be welcome. Two funds catching my eye are Artemis Global Income and M&G Global Dividend. Does anyone have any experience of these, or other funds they might use?

This would be a very odd choice given the stated objective IMO.

5 yr ann volatility = 14.36%, 3 yr = 11.53%, 5 yr worst month = -15.77%

compared to the global index;

5 yr ann vol = 11.82%, 3yr = 10%, 5 yr worst month = -11.82%

It's quite significantly higher volatility than the index. I suspect the recent outperformance is making it look interesting but that shouldn't outweigh the volatility if that's your specific objective.

2 of the lowest volatility equity income funds historically are Guinness Global Equity Income and Fidelity Global Dividend.

Both are underweight US, but Fidelity significantly so (30% odd US weighting).

Comparative data using data points above;

5 yr vol = 9.47%, 3yr = 7.20%, 5yr worst month = -6.13%

The Guinness one is about the same give or take.

Usual disclaimer about that all being backward looking etc. But the Fidelity one is managed deliberately to provide a smoother ride. I'd be surprised if it didnt remain less volatile than the Artemis one considering the different investment approaches from the respective managers.

With that being said, I wouldn't rule out multi asset per se. There are various options in the "adventurous" category from the likes of ABRDN, L&G, AJ Bell etc which (a) are 85%+ equities (b) have returned 8-9% a year over the last 5 years whilst (c) having only 30% or less exposure to US equities.

I am also considering upping multi asset exposure with new money going into my ISAs next month, and see that option as a bit more buy and forget.

This is a tricky one because I’m not completely comfortable with the concentration risk in the passives I hold…but on the flip side second guessing the market has its own pitfalls.

That said the big tech companies make up around 6% of my total pf so probably more something to be aware of rather than act on.

Wanted less exposure to USA / tech and diversify - bought Guinness global equity income 5 years ago, Ranmore Global Equity and Polar Capital Global Insurance about a year ago.

You may want to read Morningstar comments.

Hi Smg8, I’m aware of the volatility of Artemis but I did say I was willing to consider lower volatility, not that I’d definitely go for it. Probably I’ll go for a mix of options of which this is one, your other suggestions being very useful thank you. My main objective is to reduce US and tech, lower volatility would be welcome but not totally at the expense of returns at this stage.