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Twelve 'Late Bloomer' stocks that can beat the FTSE

Stock Screen: We were about to can our worst-performing screen – but it suddenly delivered the goods
May 7, 2024

Our Late Bloomers screen is the worst-performing of the stockpicking methodologies that we have followed for at least five years.

Since we started tracking it a decade ago, its headline total return (that is, including reinvested dividends) has been 47 per cent, equal to a compound annual growth rate of 3.9 per cent. An investor who had simply stuck with the often-disappointing FTSE All-Share index would, by contrast, be up 72 per cent on the same measure.

Note the word ‘headline’, there. Factor in a 1.5 per cent annual charge to reflect real-world transactional charges and the wide bid-offer spreads that can sometimes crop up, and the return drops to a frankly woeful 26 per cent.

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