Troy: Why We Bought Facebook and L'Oreal

The Troy Trojan Global Equity fund last year added positions in Facebook and L'Oreal, companies the managers had long admired, and topped up a holding in Heineken

David Brenchley 14 February, 2019 | 12:53PM

Facebook, L'Oreal, Heineken, Troy Trojan Global Equity, quality stocks, stock market

Last year was busier than usual for the Troy Trojan Global Equity fund. The portfolio, run by Gabrielle Boyle and George Viney, generally has turnover in the low single digits, but in 2018 this hit 10% as stock markets presented opportunities throughout the year.

One big reason for this was the takeover of UK-listed holding Sky by US rival Comcast. That returned cash to the managers that they re-deployed into the market.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Facebook Inc A268.74 USD-0.36
Heineken NV89.42 EUR0.36
L'Oreal SA306.30 EUR-1.86

About Author

David Brenchley

David Brenchley  is a Reporter for Morningstar.co.uk

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