Stephen Yiu: “We don’t feel any of our companies are overvalued”

Stephen Yiu, manager of Blue Whale Growth Fund, tells Mary McDougall how he constructs a concentrated portfolio of companies he believes are very high quality and can do well in all macroeconomic conditions.He shares why he has sold Unilever (ULVR), Boston Scientific (US:BSX) and Moncler (IT:MONC), and why he has conviction in Kering (FR:FER), Adobe (US:ADBE), Alphabet (US GOOGL), Mastercard (US:MA) and Visa (US:V).Blue Whale Growth Fund was set up in 2017 and has grown to assets of over £800m. Since launch the fund has delivered an annualised return of 17.9 per cent, ahead of 11 per cent for the Investment Association’s global sector over the same period. Hosted on Acast. See acast.com/privacy for more information.