The investing world’s attention has been firmly on soaraway US growth stocks over the past couple of years but there is a contrarian opportunity to profit closer to home, says Iain McCombie.
The co-manager of Baillie Gifford UK Growth Trust says that high quality, UK growth companies trade on very attractive ratings and offer a fantastic chance for investors to tap into the best of British business.
As a largely overlooked part of the market, investors could consider UK growth to be on sale, says McCombie, but earnings look good and while share prices are keeping up with them, an uptick insentiment could turbo-charge returns.
On this episode of the Investing Show, the fund manager speaks to This is Money’s Simon Lambert to discuss growth investing and why Auto Trader and some other housheold names have a place in his portfolio.
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