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International Shares & Bond Fund
nipper
post Posted: Sep 3 2019, 08:01 PM
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Posts: 6,187
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I think it’s always a good idea to buy shares when they are trading at an attractive valuation.

It can be quite hard to accurately price assets when they’re not shares – buildings or private businesses can only be priced when they’re sold, whereas shares have a valuation every day. That’s why it’s fairly easy to decide if the share price of listed investment companies (LICs) and trusts (LITs) are trading cheaper than their assets or not.

A director of Future Generation Global Investment Co Ltd (ASX: FGG).... just bought almost $30,000 worth of Future Generation Global shares.

At the end of July 2019, Future Generation Global’s net tangible assets (NTA) before tax per share was 143.29 cents, compared to the current share price of $1.30. This suggests a discount of around 10%.

If you don’t already know about Future Generation Global, its money is invested in fund managers who work for free so that 1% of Future Generation Global’s assets can be donated to youth mental health charities. There are no underlying performance or management fees.

Some of the fund managers involved include a 12.1% allocation to Magellan Financial Group Ltd (ASX: MFG), 10.9% in Cooper Investors and 9.8% in Antipodes.

Since inception in September 2015 the Future Generation Global portfolio has generated an average return per annum of 10%, with less volatility than its global benchmark.

Foolish takeaway

I am a great believer in what Future Generation is doing to support younger Australians to receive help if it’s needed. Being able to buy shares at a discount is a great incentive, particularly as Future Generation Global has just increased its dividend in the half-year result.
Motley Fool



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: Aug 29 2019, 07:22 PM
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Posts: 6,187
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Future Generation Global (ASX: FGG) Board of Directors announced today an increased fully franked dividend of 1.5 cents per share and a record $4.9 million investment in charities focused on youth mental health. The fully franked dividend represents a 50.0% increase on the prior year.

During the six-month period to 30 June 2019, the Future Generation Global investment portfolio delivered solid absolute performance, increasing 12.5%. Since inception the investment portfolio has increased 9.6% per annum with less volatility than the MSCI AC World Index (AUD), as measured by standard deviation.

This performance has delivered on the Company’s investment objective of providing capital growth to shareholders and allowed the Board of Directors to declare an increased fully franked dividend




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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
chinaski
post Posted: Jul 18 2007, 02:50 PM
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Posts: 189


In reply to: pengo on Wednesday 18/07/07 11:01am

Maybe have a look at MFF & TGG for exposure to international equities.

Allow for the probable exchange rate crunch on the NTAs though.

 
pengo
post Posted: Jul 18 2007, 11:01 AM
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Posts: 306


Does anyone know of any ETF listed on the ASX that buys international shares or bonds?

Thanks

 
 



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