The Average Company Doesn’t Matter
Investing is about capturing the outliers, Baillie Gifford’s Tom Slater says. In a study of long term buy-and-hold strategies, he found that more than 50 per cent of returns were driven by just three companies in the portfolio. But how do you find these outliers?
APG Sees More Dispersion of Returns Ahead
The rise of alternative data sets is likely to create a wider dispersion of investors’ returns as the wide range of available data will lead investors to take more varying approaches than they have done so in the past, according to APG Asset Management.