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Is There a Difference Between UK and Emerging Markets?
Geographical slicing is the most common tilt in a portfolio. HSBC has a fund, which does that for 0.13%. But do you think holding X UK and X emerging markets will make a significant difference to your long term returns? Well, UK not, I don't think. The UK only makes up 4% anyway. You would have to outperform or underperform hugely to make any difference. For me, we've got a lot of gray hair. It's not going to make a big difference for me. Are you not worried about having 70% in the US market when it does look one of the more expensive markets in the world? Yeah,. I've had this conversation