Ah, brings back memories of the forum herd portfolio thread.

I think the difference between above (BG Global Discovery/EWI) and what's happening now is that above is a massive bet on the most extreme end of the scale of a factor.

So if a global tracker is now a forum favourite (which I'd say it is), that's a bet that over the long term stocks will go up. That seems a fairly sensible bet to make, as the history books show us it's usually a winning bet over long enough periods of time. The fact they are going down now, is kind of ok because sometimes stocks do go down.

The BG performance is astonishingly bad because they've destroyed massive amounts of wealth during a term stocks have gone up. It's almost unfathomable how bad a job the managers of that fund have done as you can compare it to ANY other benchmark (global stocks, growth stocks, global small caps, tech, etc) and they've massively underperformed.

JGGI is definitely the forum favourite active at the moment. As mentioned before, the risk profile of JGGI has changed as they've gone from underweight M7 and US to overweight M7 (M4 in their case) and US so it's little surprise that in a US and M7 led sell off they've underperformed over this few week period. It looks less defensive than it used to, and that's transpired.

That being said the OEIC of it is only down 4.73% YTD, so marginally worse than an OEIC global tracker (-4.45%) if we want to take discounts and the like out of the equation.