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Originally Posted by thegreatestben
I think the concern Snoopy was that the Simplicity Growth and High Growth funds feature holdings of Simplicity Living in the top 5.
Growth it's number 2 and High Growth it's number 4.
Shane Brealey and Sam Stubbs are people who get things done. They make it very clear they want to do good things and that doesn't have to involve not making money for investors.
That's exactly right. Before I pulled out, my growth fund had these as the 10 biggest holdings from highest to lowest: Apple, Microsoft, Simplicity Living Ltd, Fisher & Paykel, Simplicity Home Mortgages, NVIDIA , Spark, Infratil, Meridian.
So it only held more Apple & Microsoft than Simplicity Living Ltd, which combined with Simplicity Home Mortgages was a bigger holding than F&P, Spark, Infratil and Meridian combined.
That is not a responsibly managed Kiwisaver growth fund in my view. I agree with posts on here that this is good work and some very well qualified people involved, but it has no place in my growth Kiwisaver fund.
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