Thursday, October 04, 2018

Generation Global Share Fund Closed to New Investors

It turns out that the Generation Global Share Fund is closed to new investors and so I couldn't do the fund switch I tried to do yesterday. CFS's systems allowed me and the guy I phoned to select this option but then rejected the complete portfolio. So I recomputed the numbers and did the switch online now. New allocation is:

CFS Geared Share Fund: 7%
CFS Geared Growth Plus: 40%
CFS Conservative: 11%
Platinum International: 23%
CFS Developing Companies: 19%

Gearing in the Geared Growth Fund is lower than in the Geared Share Fund. Still it is quite aggressive and I will likely delever further at some stage.

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