Amundi Index Solutions - J.P. Morgan GBI Global Govies

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ISIN: LU1437016204

Ticker: GGOV

LU1437016204

GGOV

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Philip

@Philipwdr

3G·

How was my "Norwegian sovereign wealth fund" structured and why I rejected this idea?

Hello dear Getquiner,

after I explained in my last post why I changed my portfolio to a "60/30/10" portfolio, I would like to show you how my portfolio was structured before.

50% iShares Core MSCI World ETF $IWDA (+0,21%)

10% iShares Core MSCI EMU ETF $CSEMU (+0,21%)

3% Franklin FTSE Taiwan ETF $FLXT (+1,87%)

5% iShares Core MSCI EM IMI ETF $EIMI (+0,51%)

27% Amundi Index GBI Gbl Govies ETF DR $GGOV (+0,07%)

5% Amundi Index FTSE EPRA NAREIT Global ETF DRC $EPRA (+0,21%)

This structure should roughly replicate the Norwegian Government Fund by holding the respective asset classes as ETFs as a percentage of the real fund, the Taiwan ETF was an admixture, as I held a lot of Taiwan at the time, in the end it basically only contained equities. $TSM (+1,13%) I wouldn't do anything like that today. 😬

The idea behind it was that I would also be able to take advantage of the Norwegian sovereign wealth fund and at some point, like Norway, I would be able to withdraw 3% annually and it would be more crisis-proof than a 70/30 portfolio and have more emerging markets than an All World ETF.

If you want to know more about my new portfolio, check out my last posts where I explain the new allocation.

Now I'm looking forward to your opinion, feel free to write a comment and if you want to see more, leave a follow! 😁

2 Commenti

Johnny B.@JBatelli

I had the same thought once. But I came to the decision not to do it.
Unlike a state, you can have fluctuations. So 27% bonds really mess up your returns. That's a lot of money you're leaving behind in the long term.

The same with REITs, they don't rise as much, but they still fall with the entire stock market.
Norway has a high proportion because they have to reflect the global economy and real estate is a considerable proportion. As a private investor, you don't have to.

A 2 ETF solution like you already have with MSCI World and Emerging Markets is completely sufficient for a private investor. You will outperform the sovereign wealth fund. The latter slows down its returns through the bond block.

And you can easily sell 3% annually later on.

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