When value of pound is low, is it better to buy UK shares?

[gordonsntonic]

I have some money to invest. My current investments are in Vanguard LifeStrategy 100%, which is a non-uk index tracker fund. If I put more money in that fund while the pound is weak will I be getting less for my money than when it is strong? Should I be investing in a UK tracker fund instead?

Good question, I also have that fund! Hopefully someone can comment and enlighten us

The key question is whether you think the pound is going to significantly strengthen again, and in what timeframe.

The cost of units in that fund could be cheap today compared to 6 mths time.

(I don't know anything about that specific fund though. What's the base currency of the fund?)

If your investment fund is in any currency other than GBP and you are buying stock if a company that trades and manufactured internationally more than in the UK then now is a good time to buy. If you are investing GBP in UK manufacturing companies... Don't be so daft.

Looks like the base currency of that particular fund is GBP though.

LS invests in both U.K. and non-U.K funds.

In fact is more heavily U.K. weighted than a true "global" fund. In its objective it says "the U.K. will generally form one of the largest single country exposures for shares".

Go for a S&P Tracker from Vanguard in an ISA Wrapper.

But don’t buy now, there’s a bit to go down before s&p is attractive again, 2-3 months away. Watch some MSNBC to get a feel for the US economy and sentiment. Then you can walk away and come back in 10+years to a tidy profit.