Where Do Morningstar Professionals Invest their ISA Cash?

Morningstar Investment Management and Morningstar analysts work with stocks, funds, markets and ETFs every day - but where do these professionals invest for themselves?

Emma Wall 9 March, 2017 | 12:53AM
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This week as part of our Guide to ISA Investing we reveal the top rated and top performing stock and fund ideas – as well as sharing where the experts stash their cash, the latest news from the 2017 Budget Report and how to reduce your tax bill.




Emma Wall: Morningstar Investment Management manage discretionary investment portfolios where Morningstar analysts examine stocks, ETFs, funds, and investment trusts all day. Who better than the professionals to share their pastel investing stories. Today we're asking where they've put their ISA cash.

Where are you investing your ISA portfolio this tax year?

Monika Dutt: So, this year I'm pretty aggressive on the equity front with 80% of the portfolio in domestic emerging markets and international ex-U.K. equities. And the remaining is in gilt and emerging market debt.

Ruli Viljoen: I typically split my ISA investments between absolute return funds and equity funds. In the absolute return space, I've long held the Henderson U.K. Absolute Return Fund and recently added the Fulcrum Diversified Core Absolute Return Fund to my portfolio.

In the equity space, I allocate between global and U.K. equity funds. In the global space, I have long held the Artemis Global Income Fund. And in the U.K., I typically invest in the Old Mutual UK Alpha or the Man GLG Undervalued Assets Funds.

Cyrique Bourbon: My ISA cash at the moment is invested fully in cash as I'm building a bit of savings base. But as for my pension, I am more invested into equities, about 60% of my portfolio at the moment. I'm a bit more cautious generally on kind of markets valuations in the long run and the rest is in a bit of cash and alternative strategies like Newton Real Return, for instance.

Emma Morgan: I'm probably going to add to some of my existing holdings this year in the areas that we're seeing that are good value. So that's emerging market equities and emerging market debt, and I might also allocate some of my absolute return funds. One fund I like there is the Absolute Insight EMD Fund.

Simon Molica: So, given my profile, I intend to invest fully in equities. I'm a little bit nervous at the moment for emerging markets. So, it would be more biasing it towards cash and just waiting for the opportunity to get into equities.

Randal Goldsmith: Okay. Well, I invested my ISA allowance right at the beginning of the tax year. And at that time, I put it all into equity ETFs because I felt that equities were one of the few good value asset classes around. I have to say that, at this point in time, I've taken some of the money out and just put it into cash, because I think equities are now discounting a lot of good news. Although, it's cash within the ISA, so the tax shelter remains.

Wall: As for me, as my SIPP is in globally diverse assets, my ISA is in U.K. equity funds, including Marlborough Special Situations, Evenlode Income, Schroder Recovery, and Finsbury Growth & Income (FGT).

Now it's over to you. You have less than a month until the end of the tax year. So, happy ISA investing. 

Investors should note these Morningstar professionals are sharing their personal investment strategies, suitable for their own unique financial goals - this is not investment advice. 

The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Artemis Global Income R Acc2.04 GBP-0.23Rating
BNY Mellon Real Return A GBP Inc120.56 GBP-0.15Rating
Finsbury Growth & Income Ord852.00 GBX0.47Rating
IFSL Marlborough Special Sits A Acc1,816.45 GBP0.88Rating
Man GLG Undervalued Assets Profl Acc C224.33 GBP1.19Rating
Schroder Recovery A Acc295.21 GBP0.69Rating

About Author

Emma Wall  is former Senior International Editor for Morningstar

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