16H·

I am considering liquidating/reallocating the following 2 ETFs: FUSD and JRUD

$FUSD (-0,28 %) In principle, an S&P 500 consisting of around 110 stocks that "should" fulfill a few quality and dividend filters 🧐 TER 0.25%. An index ETF would most likely be the better choice here.

$JRUD (-0,27 %) This is an actively managed ETF on the S&P 500 with currently around 250 positions and a TER of 0.2%. This fund has actually outperformed the benchmark index over longer periods of time. However, I see the risk here in the management (currently Raffaele Zingone and Piera Elisa Grassi) in the event of a change or a wrong decision. It is not for nothing that the specialist literature advises against actively managed funds🫣.

Both have the same reference index and therefore overlap. So what to do? Sell the Fidelity (possibly wait a few more weeks/months, as the tide is lifting all ships again) and keep JP Morgan or replace it with an S&P 500 Index ETF? In principle, the excess return is not phenomenal and the risk is relatively high.

For the sake of completeness, I would like to briefly mention the two other ETFs in my portfolio:

$TDIV (+0,48 %) The ETF "The European Dividend" focuses on high-quality dividend payers from industrialized countries with a focus on Europe. In my opinion, this has proved its worth in recent times as it has had less correlation with the overall market due to its defensive approach.

$GGRP (-0,16 %) This ETF is based on high-quality dividend-paying companies from industrialized countries around the world and also takes the momentum factor into account.

Fun fact: the combination of TDIV, GGRP and FUSD ensures monthly distributions😎 - but that shouldn't be a criterion 😆🫣

58Positions

14,65 %

10 Commentaires

100erHebel@100erHebel

16H

I would sell $FUSD. This ETF performs worse and has a high TER. I don't see any advantage in it. The fact that $JRUD performs better than the S&P 500 means it can actually stay in. If you are worried that it will perform worse in the long term due to active management, then get rid of it. But nobody can say that. As you have already said, passive ETFs are of course recommended. So: Just get rid of both? In any case $FUSD.

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K@TechNav

14H

If you are looking for dividends or current income, then the $TDIV is perfectly adequate. The VanEck ETF has even outperformed all "fancy" alternatives such as $FUSD, $JRUD or $GGRP.

Alternatively, you can simply put everything into the $CSPX, which outperforms the aforementioned anyway.

My personal favorite if you are looking for quality is the $QUS5. It has also beaten the S&P500 so far. But be careful ⚠️ : The ETF is still very small and new, so there is no proven history yet, so far only the theoretical performance presented by S&P Global counts.

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Kate💎 🙌.@Iwanowitsch

@TechNav There are so many interesting ETFs 😌

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Stulle 🥪@Stullen-Portfolio

Hello, Kate ☀️

First of all: $FUSD is also an index ETF, as it tracks the (very special) Fidelity US Quality Income Index... 🤓

If you take a closer look at index ETFs, smart beta or factors, active/passive and focus on return orientation, you will notice that the momentum factor is particularly important. [Some time ago, the good @DonkeyInvestor wrote a few posts as a set on this subject]
For a relatively long comparison period of 30 years, the global (global!) momentum index outperforms the S&P 500.

As an investor, you have quite a few advantages combined: ☀️☀️☀️
▫️passiv invested in an index fund
▫️globale Diversification, no single nation
▫️Outperformance vs. S&P 500
▫️Teilfreistellung (in Germany)

Products are for example $XDEM or $IS3R.

The question remains, what more do you actually want? 🤷😎
(-> okay, the estimated @Epi also mentions the outperformance, but sees the potential in a strategic changing asset allocation to reduce the maxDD or the risk with at least the same return. Also very exciting, but anything but passive and with tax details to consider).

In my opinion, world momentum offers top opportunities for many passive investors, also for the additional return they may be aiming for compared to a plain vanilla MSCI World...

How do you see world momentum, @Iwanowitsch?

Greetings
🥪

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Tenbagger2024@Tenbagger2024

@Stullen-Portfolio
How often does rebalancing take place here? Do you react promptly and situationally?
Because if I've seen it correctly, the momentum in the Trump crash didn't perform that well. And there was hardly any reaction and rebalancing.
Is there any retrospective analysis of the Trump Customs Crash?
@Epi

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Stulle 🥪@Stullen-Portfolio

@Tenbagger2024
Rebalancing in the true sense of the word does not take place at all.
Reallocation takes place strictly on a regular basis and never depending on the situation.
It is strictly rule-based and not actively based on management decisions.
The cycle has been semi-annual to date, but there is information that it will be quarterly from August.

Yes, logically there is no direct reaction to such events, but the reaction takes place downstream based on the consideration of two different retrospective momentum phases (last 6 and last 12 months).

Greetings
🥪

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Tenbagger2024@Tenbagger2024

@Stullen-Portfolio
Thank you my dear,
For your quick and great answer.
Okay, if you react according to the situation, you can probably speak less of an ETF.
But rather an actively managed fund.
And dear @Iwanowitsch has already written about this.

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Kate💎 🙌.@Iwanowitsch

16H

@DonkeyInvestor @lawinvest In your opinion, would it be wise to switch the $FUSD into the All World immediately or would that be a mistake, as the US-heavy ETF will most likely have the stronger rise in the short term in this particular market situation and therefore switching later could be more advantageous?

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Sina@lawinvest

15H

@Iwanowitsch thanks for highlighting ;) as far as I can see from your portfolio, the ETF makes up 3% of the ETFs (which in turn make up 2/3 of the portfolio). So we are at 2% total share?
Get rid of it.

Don't hesitate if you are no longer convinced and make any considerations about USD and US exposure etc. etc.

Hypothetically, it is conceivable that you will see a stronger rise in the 100% US, but given the high US share in the all world, we are talking about so little money here...

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Date von @Epi@DonkeyInvestor

15H

@Iwanowitsch what @lawinvest says 👍 #fehlkauf => click and read

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