Patience is a Virtue for Fund Managers & Investors

Patience appears to be the one common trait that most successful managers share

Morningstar Manager Analysts 25 September, 2012 | 7:00AM
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At about the same time Angus Tulloch was launching what was then the Stewart Ivory Asia Pacific fund, Axl Rose was wailing  “All we need is just a little patience, patience, ooh yeah” on Guns N’ Roses’ Lies album.

Investing and rock! Who’d have thought he was inadvertently telling a new generation of investors that they should exercise patience when making their investments?! The year was 1988 and Thatcher’s owner occupied, share holding vision was well underway.

One of the characteristics of the fund managers honoured at the fifth Morningstar OBSR “Honours for Excellence in Investment” dinner earlier this month was they have been around for a long time, and anyone who had invested in their funds all those years ago and had patience would have made serious gains.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
ASI UK Smaller Companies R Acc1,192.03 GBP0.51Rating
Janus Henderson European Gr A Acc294.90 GBP0.31Rating
Jupiter European L Inc3,289.92 GBP0.65Rating
Schroder UK Alpha Plus Acc2.55 GBP0.47Rating
Stewart Inv APAC and Jpn Sstby A GBP Acc16.72 GBP0.06

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Morningstar Manager Analysts

Morningstar Manager Analysts  research and rate hundreds of OEICs, unit trusts and investment trusts available for sale in the UK.

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