One of the worlds top fund manager duo’s have just made an investment. Not startling news, surely, isn’t that what fund managers do, buy investments?
Not these two.
They rarely buy anything. Their fund Finsbury Growth & Income invests in only 25 to 30 shares only worldwide.
I suppose you could accuse them of being the laziest fund managers of all time, except that the fund performance figures over the years would inform you that their “lazy” approach has paid dividends, lots of dividends and good capital growth, so their investment process works.
Yet this recent purchase is a little unusual, they have bought a chunk of Manchester United. [Liverpool fans avert your eyes].
They clearly think they have bought this investment at a good price, otherwise why would they have bought it?
Should you consider buying this investment?
Well that depends on your point of view. Investing can be “a game of two halves”, your decision should be based upon whether you believe in the judgement of the fund managers, not on which team you support!
As always take advice.
If your investment portfolio is in the “transfer market” do contact us for a second opinion. We can show you how to get your investment portfolio in the “premier league”.
