The start of a new year is a good time to review your investment portfolios (and waistlines) and trim the fat. This year, I’ve decided it’s time to slim down my own bloated portfolio.
My first two investments were a pair of domestic equity ESG exchange-traded funds. A few months later I added an international equity fund. Then came a selloff in Chinese equities and I piled into two Asia focused exchange-traded funds (ETFs). A mild diversification panic saw a handful of property and infrastructure funds join the line-up. Before I knew it, my portfolio had grown to 14 different funds.
At the end of last year, I sat down to rebalance my portfolio and was overwhelmed by the decisions on offer. I set the goal of trimming my investments down to a more manageable four or five.
To guide the process I spoke with financial advisers and Morningstar experts. What follows are their suggestions for decluttering a portfolio this year.
Before we start, two points. Portfolio slimming is one part of a broader annual review, which should include a look at asset allocation, your savings rate and…
