Why smart investors should buy British
MAM’s Gervais Williams thinks the China story has become dogma, leading many to ignore far more attractive growth opportunities on their doorstep.
As the economic narrative shifts away from global growth, MAM managing director Gervais Williams thinks many investors have become overly dependent on 'big and international' companies, ignoring 'small and local' firms in the UK, which offer superior growth potential, lower correlation to the main indices, and better dividends.
Williams, former head of equities at Gartmore and manager of the Gartmore Irish Growth fund during the boom years of the Celtic Tiger, details some of the key stocks he thinks fit into that bracket, including UK based debt rescheduling company Fairpoint - yielding 7 per cent at a P/E ratio which is 'ridiculously low'.
Williams manages the Diverse Income Trust
which is second quartile over one year, and Acuim UK Multi-Cap Income
fund launched in 2011, and has achieved a annualised total return of 8 per cent over 12 years of fund management according to FE Trustnet’s manager track record analysis