EDITOR’S LETTER
IN THIS ISSUE
Issue 30 / June 2017
Separating investment
fact from fiction
UNICORN
HUNTING
The search for the
elusive Next Big Thing
WHO CARES?
Funding the cost of ill
health in retirement
FOLLOW THE
LEADER
The US: Are Japan
and Europe hot on its
heels?
ISSUE 30
CREDITS
TRUSTNET MAGAZINE (FORMERLY
INVESTAZINE) IS PUBLISHED BY
THE TEAM BEHIND FE TRUSTNET IN
SOHO, LONDON.
WEBSITE: WWW.TRUSTNETDIRECT.COM
EMAIL: [email protected]
CONTACTS:
Anthony Luzio
Editor
T: 0207 534 7652
O
UR PREVIOUS ISSUE WAS SOMEWHAT
TENTATIVE IN TONE as we sought to
remind investors about the importance of not
positioning your portfolio to benefit from a
single outcome of the general election. This seemed likely
to fall on deaf ears at the time the election was announced,
with the battle between Theresa May and Jeremy Corbyn
likened to the one between Margaret Thatcher and Michael Foot in 1983.
However, just over a month later and with May looking more chocolate
teapot than Iron Lady, it appears we can safely put “forgone conclusions” in
the file marked “myths & legends” – which brings us nicely to the subject of
this month’s magazine.
In “Hit or myth”, Pádraig Floyd examines whether five oft-repeated
investment rules of thumb contain a germ of truth or are more likely
to see you lose your shirt. I look back at the careers of three investment
legends to see how they made their fortune, while Daniel Lanyon
indulges in a spot of “unicorn hunting” – the name given to searching
for the Next Big Thing in the world of start-ups.
In our regular columns, Adam Lewis’s spotlight falls on the AIC North
America, Japan and Europe sectors, Artemis’ Ed Legget names three UK
stocks that are ignoring the uncertainty at home and quietly increasing
profits, while Coram’s James Sullivan reveals why he is buying the
iShares Emerging Markets Infrastructure ETF.
Finally, following all the talk of myths & legends, John Blowers will
help to bring you back down to earth with an article on how to fund the
cost of long-term care in retirement.
12
Enjoy reading,
Art direction & design
Javier Otero
W: www.feedingcrows.co.uk
Editorial
Gary Jackson
Editor (FE Trustnet)
T: 0207 534 7680
Rob Langston
News editor
T: 0207 534 7696
Lauren Mason
Senior reporter
T: 0207 534 7625
Jonathan Jones
Reporter
T: 0207 534 7640
Anthony Luzio
Editor
Trustnet Magazine
Sales
Richard Fletcher
Head of publishing sales
T: 0207 534 7662
Richard Casemore
Account manager
T: 0207 534 7669
Photos supplied by Thinkstock
and Photoshot
Cover illustration: Javier Otero
In association with:
24
28
HIT OR MYTH? Pádraig Floyd finds out if five oft-repeated pieces of investment wisdom are grounded in fact or
fiction P. 2-5 / E-KINGS Baillie Gifford Shin Nippon’s Praveen Kumar names three Japanese e-commerce firms
that aim to dominate their industry P. 6-7 / HALL OF LEGENDS Anthony Luzio reveals how three investment
pioneers made their fortune P. 8-10 / UNICORN HUNTING Investors looking for the Next Big Thing in start-ups
are more likely to find themselves down a dead-end, warns Daniel Lanyon P. 12-14 / FUND, PENSION, TRUST
Templeton Frontier Markets, Schroder Income Maximiser and BlackRock Throgmorton are under the spotlight this
month P. 16-18 / FOLLOW THE LEADER Adam Lewis finds out if Japan and Europe can replicate the performance
of the US when they step off the QE treadmill P. 20-23 / WHO CARES? John Blowers looks at how to fund the cost
of long-term ill-health in retirement P. 24-26 / TICKING OVER Artemis’ Ed Legget names three UK stocks that are
ignoring the uncertainty and quietly increasing profits P. 28 / WHAT I BOUGHT LAST Coram’s James Sullivan says
iShares Emerging Markets Infrastructure ETF fulfils a long-held desire to build up emerging markets exposure
without overpaying P. 29