Ruffer Investment Share Discussion Threads

[madengland] 19/11/2012 07:52

Most definitely agree on the risks of unconventional solutions, whether thats well picked funds or assets somehwere down the line we are starring at a real risk to inflation. I was a holder of RICA for many years and did very well, as I said just took a look again and the premium surprised me given the stagnation. I do agree its a 'safer' haven for your money and that perception I guess must be the premium. My current favourite car park for funds is HICL, and I will be shifting some back to RICA if the premium drops a bit further. GL

[jimbo55] 16/11/2012 13:13

No strategy delivers at all times. Terry Smith of Fundsmith applies a good analogy to fund management in the form of the Tour de France stages. Nobody has ever won every single one as part of the same race. The same goes for fund management. The one thing RICA will do in the current climate is protect you from a Sterling Crisis. Odds are there is one of those coming in the next five years. I am really dubious about the prospect of this gent getting Mervyn King's job:



One thing I am CERTAIN of is that it will not be good for the Pound. Given RICA's well-diversified portfolio, I know which of the two I'd rather be in. I understand your perspective though, and this is one of those rare cases where it has been better to hold the OEIC Total Return Fund equivalent over the last few years. Certainly done me no harm. ;)

[madengland] 14/11/2012 12:19

Really.......lots far better places. Its not had a whiff of profit. Held for years as a safe place and got out a while back for other things, so came back to look at performance and premium. Looks to me like the old strategy does not deliver at present.

[jimbo55] 11/11/2012 01:24

Does RICA perform horrendously in volatile down markets then, Madengland? There's a reason for the premium - to have the potential to capture upside whilst limiting the downside. Ruffer have totally ensured the latter over the last year, and given how terrible markets have been in that time, this is not a track record to be unashamed of.

[madengland] 07/11/2012 13:03

I struggle to see why Ruffer still trades at a premium to NAV. You would be better off in a building society.

[mangal] 17/8/2012 09:51

Portfolio here is heavily tilted towards Japan. The last couple of days' rise in Nikkei should add a few pennies to NAV.

[bpdon] 06/2/2012 14:27

Im still here ifthecapfits. Ruffer has been a perennial under performer over the last 6 months but with zero volatility compared to the main indices.

In fact, over a 2 or 3 year time scale Ruffer is far from exciting - it just steadily plods along. Its only when you include the 07/08 blood bath that Ruffer looks a stellar performer. Also good to see the premium easing here slightly.

I do still harbor some doubts about the Ruffer investment themes. But, looking at the 07/08 performance, I kinda think of my relatively small holding here as a bit like a put option on the general market.

[ifthecapfits] 03/2/2012 15:26

Where has everyone gone - any holders? Looks to be doing a bit better of late.

[ifthecapfits] 31/10/2011 10:49

Nice spike up.

[topvest] 14/10/2011 19:50

Has anyone received the annual report? - mine hasn't arrived yet.

[ifthecapfits] 14/10/2011 15:48

Anyone going to the AGM? Would be useful for some insight.

[madengland] 12/9/2011 14:15

I think the fund is positioned well but is 6-12 months early. Am looking to buy back in the future

[babylon3] 08/9/2011 11:24

Seems like Japan could be about to come good. THe Swiss have set the benchmark.

[bpdon] 26/8/2011 13:25

Yip. Added some more this week. Its been a stellar performer for me over the last few years so keeping the faith. Big bets on eventual inflation and Japan coming good (weakening yen)...... they know what they like and go for it. No fence sitting here.

[glyn celyn] 24/8/2011 16:41

Is there anyone there!?

[madengland] 22/6/2011 08:17

Maybe, I held through 2005 to early 2010 and like the fund. I keep an eye all the time on the performance. With inflation where it is, this has lost money over the last 12 months and I do not think the portfolio is risk free either.

[bpdon] 18/6/2011 17:02

To explain the premium, I guess you just need to consider how Ruffer performed in 2008 versus the market...... and extrapolate forward investors continued market fears which continues to see the premium prevail.

[madengland] 18/6/2011 15:08

It surpises me that this IT continues to trade on a premium, given this years performance

[babylon3] 03/6/2011 08:25

Seems to have flat lined a bit of late.

[pip_uk] 09/4/2011 09:01

Jimbo55,thanks for your view on Ruffer.
If governments ever tried renege on index linked bonds where to then, unthinkable,but these days you can rule nothing out, we just get told lies.
I am very happy with what I read about Ruffer and their investment philosophy is very rewarding, looking at past performance.
As regards Gold I do hold a few Sovereigns for a rainy day but I suspect the grand children will end up with them.
I will also continue investing my money with Ruffer.

[pip_uk] 08/4/2011 14:47

AlunRM, at the end of the day governments will not fight inflation too hard,it`s the only way they will ever erode the debt burden.
It`s only the proverbial man and woman in the street who will pay the bill.
They will be our children and grand children.
Cheers.

[alun rm] 08/4/2011 14:42

pip, i haven't seen the article, but Ruffer is sitched on to the inflation mega trend. you have made a wise choice buying in here.