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I am 57 but I could afford to be high risk with this money and on that basis could you recommend where to invest?
It’s usually the otherway round in that the young can afford to take on more risk becuase they have more time in the market to ride out dips and see their investments grow. The closer people get to retirement the more they lean towards income rather than growth. But if you are interesting in putting your money to work with more risk, Victoria Hasler, head of fund research at Hargreaves Lansdown has provided the following information.
“For investors who have longer timeframes or are happy to accept a higher level of volatility, equity funds can be a good place to start.
Global
Global equity funds provide a good foundation to an investment portfolio focused on long-term growth. Investing in companies across the globe provides diversification in a single fund. An index tracker fund is one of the simplest ways to invest, and could be a good addition to a broader investment portfolio aiming to deliver long-term growth in a responsible way.
The Legal & General Future World ESG Tilted and Optimised Developed Index fund provides broad exposure to a range of large and medium-sized companies in developed markets, such as the US, Japan and Europe, while being mindful of environmental, social and governance (ESG) issues. Responsible investment funds give you the chance to make money in a way that’s in line with your principles.
This fund aims to track the performance of the Solactive L&G ESG Developed Markets Index. It won’t invest in tobacco companies, pure coal producers, manufacturers of armaments or persistent violators of the UN Global Compact Principles.
Asia
Over the years, rapid industrialisation, growing populations, and a desire to succeed have helped transform countries in the Asia region. Domestic consumption is set to be a key driver of growth over the coming years, helped by a young and growing population, and rising wealth. Continued innovation from companies at the forefront of technology based there could also provide exciting growth opportunities for investors. However, younger economies mean the risks are greater and more volatility should be expected. While Asia is home to developed markets such as Hong Kong and Singapore, others, including China and India, are still emerging.
The FSSA Asia Focus is run by a manager and team with a great pedigree of investing in Asia. We like the culture and philosophy at FSSA – the managers view themselves as stewards of investors’ capital, looking after it as though it’s their own. The fund has an impressive track record of picking some of the region’s best-performing companies over the long run.
UK Equity Income
UK equity income funds are a convenient way to invest in a mix of dividend-paying UK companies, and to access one of the highest-yielding stock markets in the world. An equity income fund can be a great addition to an ISA portfolio for different reasons. You can take the pay-outs to supplement your income and have a bit of extra cash in your back pocket. Or if you’re targeting growth and aiming to build your portfolio for longer, reinvesting dividends can help grow your pot thanks to the beneficial effect of compounding.
The Artemis Income fund focuses on companies which can pay a sustainable level of income, regardless of the economic backdrop. The fund mainly invests in large UK businesses, but it can also invest in some medium-sized and overseas companies when the managers find great opportunities.”
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