% of international and domestic shares

[stevenroyals]

Hi
I wanted to know what percentage of international and domestic shares a portfolio should have. I'm thinking about getting some VEU and VTS etf's as well as a few Australian LIC's such as ARG or MLT.

 

[luutzu]

Hi
I wanted to know what percentage of international and domestic shares a portfolio should have. I'm thinking about getting some VEU and VTS etf's as well as a few Australian LIC's such as ARG or MLT.

It's good to diversify, don't put all your eggs in one basket and such... but don't over-do it. I mean, not unless you're paid to do just average.

 

[stevenroyals]

I'm not really interested in scrutinising every company and trying to beat the market. I just want a basic portfolio that doesn't require much work and brings in what the market gives. I wanted people's opinions on the percentage of domestic versus international shares considering currency risk.

 

[pixel]

I'm not really interested in scrutinising every company and trying to beat the market. I just want a basic portfolio that doesn't require much work and brings in what the market gives. I wanted people's opinions on the percentage of domestic versus international shares considering currency risk.

If you're not trying to beat the market, why bother at all?
Pick a couple of fund managers, pay them to get you index-linked average return, and enjoy a happy life with family and friends.
That's precisely the gist of Marcus Padley's column this weekend:
http://www.pressreader.com/australia/the-west-australian/20171111/282797831656055

TANSTAAFL - There Ain't No Such Thing As A Free Lunch.

 

[So_Cynical]

Hi
I wanted to know what percentage of international and domestic shares a portfolio should have. I'm thinking about getting some VEU and VTS etf's as well as a few Australian LIC's such as ARG or MLT.

The international and domestic shares mix is one thing, other considerations should be franking credits, currency exposure, commodity movement exposure, hedging, and market neutral funds.

I Have noticed the recent pull back of all the market neutral funds operated by watermark, punters switching out of low market risk into high, something to do with the latest round of enthusiasm, many of us have been waiting for a broad pull back that hasn't happened.

Market neutral listed stocks, ALF, WMK and WGF have all fallen, punters switching out and recent poor performance due to poor stock selection or at least bad timing. http://wfunds.com.au/

 

[kid hustlr]

If you're not trying to beat the market, why bother at all?
Pick a couple of fund managers, pay them to get you index-linked average return, and enjoy a happy life with family and friends.
That's precisely the gist of Marcus Padley's column this weekend:
http://www.pressreader.com/australia/the-west-australian/20171111/282797831656055

TANSTAAFL - There Ain't No Such Thing As A Free Lunch.

I think the idea is most fund managers don't beat the mkt though?

 

[GlobeTrekker]

Around 65% Aussie and 35% international is where I'm currently at. If you're interested in LICs like ARG and MLT, you might like to check out the LICs that invest internationally like PMC, TGG, FGG, PGF, MFF etc.

 

[stevenroyals]

Thanks for your help. I might have a look at those LIC's you have suggested.

 

[Dona Ferentes]

If you're interested in LICs like ARG and MLT, you might like to check out the LICs that invest internationally like PMC, TGG, FGG, PGF, MFF etc.

A shrinking field, of late. Many LICs are below NTA as ETFs gain popularity. MLT has been absorbed into SOL and a whole bunch of sub-optimal, low FUM and higher fee vanity projects have gone, with WAM operating the hoover in many cases.

International LICs have performed even more poorly. I'll be watching AFI as it is thinking off having a go:

AFI will be ready to launch an international LIC by early next year, according to managing director Mark Freeman.

Speaking to The Australian after handing down AFIC’s full-year results, Mr Freeman said the timing of any rollout for the international LIC would be dependent on market conditions.
“For us, it’s about being ready, and then when we think it’s the right time, we’ll seek to go ahead (with the launch). The advice we’re getting on the structure, particularly on tax, is it’s going to take a bit of time.
“But certainly by early next year, we’d be ready. And then it’s just about looking for that window to say now’s the right time to do it,” Mr Freeman said.

Portfolio performance will also play a part in determining whether the launch will go ahead in 2025, Mr Freeman added.

The international push comes three years after AFIC launched a modest global portfolio within its broader $7.7bn offering. AFIC has invested a total of $103.7m of shareholder capital in the global portfolio, which was valued at $147.5m as at June 30.

To date, the global portfolio has outperformed its benchmark by 1.4 per cent, returning 14.1 per cent between May 2021 and June 30 this year.

The outperformance for the 2024 financial year was stronger, at 3.1 per cent, with the portfolio delivering a 23 per cent return versus the MSCI World Index ex Australia’s 19.9 per cent.

 

[divs4ever]

AFI will be ready to launch an international LIC by early next year, according to managing director Mark Freeman.

i wasn't aware of that , thanks for the heads up

i will decide later, after a see more details

further to the original posters some international LICs have been turning themselves into 'managed funds ' which i dislike as i enjoyed cherry-picking the deeply discounted LICs that attracted , i guess i will be adding more ETFs with new cash