I've sold up my FTSE 250 funds realising £40k and have to decide where to put it this week. It's in a PEP wrapper so I can't just do anything with it like putting it on a horse.

My current thoughts are:

Japanese equities - currency undervalued due to the carry trade, haven't had a boom so won't have a big bust so safe haven which will help the currency even more
Energy (though heavily into this already)
Gold (but a bit negative on other metals)

Which seems a bit narrow even gievn that Warren Buffet warns off people going into everything because of the seesaw effect.

Anybody have any suggestions / specific funds I should be looking at?

Or should I BTL?

Wow, another FTSE250 fan !!!!!!!!!!!!! Out of interest what FTSE250 fund where you in and what fund provider ?

I am pretty sure you can still switch your PEP to another fund with your provider or to another provider still keeping the PEP wrapper. But you have just sold it !!!!

You dont say anything about how long you intend to invest for because any investment in equities for less than 10 years could be risky.

Personally i would have kept about 30% FTSE250 and stuck about 50% into European equities. If you want something a bit riskier then Latin America is hot at present. China, India and Russia are also hot but also volatile and risky - maybe stick 10% in them.

It's staying within the PEP wrapper. The FTSE 250 was good but as it had more than doubled in a few years I'm taking the profits (unlike property investors!). It was Schroder UK Mid 250, perfectly good fund but I can't see much more to go in that sector.

India has begun to interest me but I don't want to just take a punt on some rookie fund manager who puts India in the title of the fund. Latin America perhaps. Russia & China I might just pick up within a general global. They look very risky.

Yes i have stuff in Schroder 250 and Old Mutual Midcaps but have diversifed into Europe -Europe small caps have done very well in the last few years.

INVESCO Perpetual Latin American Growth Acc and F&C Latin American Equity Acc are flying at present.

Im just looking at JP Morgan Natural Resouces fund (mainly Gold - It looks pretty hot:

http://www.fundslibrary.co.uk/FundsLibrary...s_doc_factsheet


This is a Brazil/Russia/India & China fund:
http://www.fundslibrary.co.uk/FundsLibrary...s_doc_factsheet

Having lived in Brazil until recently I would say it is a good bet. Their stock market has gone gone up dramatically over the last few years but the signs are still good. They should make investment grade within 18 months, interest rates coming down (maybe to 10% within a year), soya et al, and of course the future of alcohol technology. Expect the Bovespa to reach 60,000 by the end of the year.

I invested in the Aberdeen Global India Opportunities Fund, at about the bottom of the wobble, nearly a year ago, and so far I'm nearly 40% up. However, had I bought before the wobble, my gains would be half that.

In the long run, I have a lot of faith in the Indian economy, but it's sure to be a bumpy ride.

Why pay Ferrari money to fund managers? Have you considered an ETF. Barclays iShares have lots of options which can give you exposure to a number of global markets and sectors.