Fisher Investments are a well-known, high profile independent investment advisory firm founded by Ken Fisher in 1979. They manage assets for both individual and institutional clients, offering personalized investment strategies and financial planning resources. Fisher Investments charges a fee based on a percentage of assets under management, with rates varying based on the portfolio size and account type. Typical charges are 1.5% plus an initial on-boarding fee. Overall, including fees, Fisher aim to beat the performance of the global MSCI index (e.g. SWDA).
The Purisima Global Total Return B fund is managed by Fisher and has a TER of 1.51% and we can use it to compare Fisher's investment performance with other benchmark indexes.
Recently, Purisima Global Total Return B has performed poorly compared to it's chosen benchmark standard of SWDA - a very large MSCI Global ETF consisting of 1350 stocks (67% USA stocks).
Here are the returns for Purisima vs SWDA:
1 YEAR - Purisima 6% |
We can see that over this last 12 month period, SWDA has outperformed the Fisher Purisima fund. However, the Purisima fund has been catching up recently (last 3 months).
The chart below is for 3 years and shows that the Fisher Purisima fund has outperformed SWDA by quite some margin (>10%).
3 YEARS - Purisima 51% |
5 YEARS - Purisima 82% |
Dollar vs. GBP
Riskier companies
Crypto and the Genius Act
Stablecoins are cryptocurrencies designed to maintain a stable value by having their market value pegged to an external reference, typically fiat currency. The world’s two biggest stablecoins (by market capitalisation) are Tether and USD Coin – both are, like most stablecoins, pegged to the US dollar.
The GENIUS Act concerns the issuance and exchange of stablecoins, a form of digital currency backed by another form of currency, like the U.S. dollar or a commodity like gold. The bill outlines specific requirements for entities that issue stablecoins, including licensing, reserve requirements, disclosure obligations and compliance procedures.
I am not really into crypto (particularly at this time when the wider use of stablecoins could encourage more government regulation in future and cause a massive 'run' on Bitcoin, Eth, etc. thus collapsing the price). The day when everyone will finally see that the Emperor's new clothes don't exist and that there is nothing behind most crypto except for thin air is coming and I don't want to get caught by it! I have about £1k in Bitcoin and I am looking for an excuse to sell when the price starts to drop.
The attraction for traders to accept stablecoins is that they are charged lower transaction fees. Business are typically charged 1-4% per transaction for bank or credit card payments, but stablecoins should be transferred for a fee of a fraction of 1% (at the moment). The problem with stablecoins is that there is little consumer protection should you wish to get your money back.
None of this is investment advice - please do your own research - I am no expert!
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