Certainly the worst performer in my portfolio this year to date. But this could be also a good buying opportunity especially with the attractive dividend yield. In my opinion I think the selloff was just an over-reaction and doesn't deserve to be punished like it has this year.
its disappointing, for sure. I am obliged to sell now. Seen my profit go from 200% to 100%. Reason for the sale - this is not a pullback, its a structural decline. I have to look at better alternative investments.
There is (was?) a school of thinking (inter alia Investec thoughts, if I may say so) that resources albeit risky, were to improve from next year.... But yes, CML has lost me 30pc - I am not a trader, so I hold on in despair. What would be an alternative at this time?
There is a disconnect between growth and value - the results tend to track each other - but for the past 5 or so years value has slipped. Ergo the value managers are underperforming. All depends on time horizon. (But I still won't buy AGL now!)
Said it long ago.CML are not as clever as everybody makes out.They have too much money now and their investment universe is too small.Due to QE markets have rallied way harder than they should ever have and CML were milking the performance fees