The portfolio of a small-cap investment fund has the right balance to prosper in the months ahead
The idea behind our annual Bargain Shares Portfolio is very simple. It’s to invest in companies where the true worth of the assets is not reflected in the share price, usually for some temporary reason, but where we can reasonably expect that it will be in due course.
Our portfolios are based on the investment ideas of Benjamin Graham (see box ‘Rules of Engagement’) and they have beaten the FTSE All-Share index in 13 out of the 16 years in which we have run them. During that time, they’ve generated an average return of 22.7 per cent in the first 12-month holding period compared with an average increase of 4 per cent for the FTSE All-Share.
A portfolio of instruments designed to capture the rise of emerging markets
A collection of high-yielding shares that's beaten the market since 1998
Simple portfolios picked using simple rules that often beat the market
A portfolio of investment trusts designed to generate growth and income
Our columnist describes how he manages his pension fund and what he puts in it