Stephen Yiu: “We don’t feel any of our companies are overvalued”

Stephen Yiu, manager of Blue Whale Growth Fund, tells Mary McDougall how he constructs a concentrated portfolio of companies he believes are very high quality and can do well in all macroeconomic conditions.


He shares why he has sold Unilever (ULVR), Boston Scientific (US:BSX) and Moncler (IT:MONC), and why he has conviction in Kering (FR:FER), Adobe (US:ADBE), Alphabet (US GOOGL), Mastercard (US:MA) and Visa (US:V).


Blue Whale Growth Fund was set up in 2017 and has grown to assets of over £800m. Since launch the fund has delivered an annualised return of 17.9 per cent, ahead of 11 per cent for the Investment Association’s global sector over the same period.


 

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