Buy, Hold or Sell: Stonehage Fleming Global Best Ideas Equity

Fund manager Gerrit Smit reveals his penchant for sport and e-commerce.

Annalisa Esposito 21 February, 2020 | 10:57AM

Concentrated funds with fewer stocks in their portfolio can be risker options compared to their diversified peers. But managers who manage to choose the right stocks can produce superior returns for their investors. 

Gerrit Smit, manager of the four-star rated Stonehage Fleming Global Best Ideas Equity fund aims to find "outstanding" businesses across the globe and has just 27 names in the portfolio. Smit's definition of outstanding centres around four pillars which he uses to identify companies that are "best in class". These four pillars are: sustainable revenues (he doesn't like recovery companies); good quality management and culture; strong balance sheets and business efficiency such as the ability to reinvest in the company for future growth; and increasing cash flow. 

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About Author

Annalisa Esposito  is a data journalist for Morningstar.co.uk

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