Andrew Pitts

Money Observer Rated Funds in the third quarter 2019: laggards and watchlist

It is perhaps not surprising to see several funds and trusts managed by Baillie Gifford included among the Rated Fund laggards over the three months to 30 September.

The Edinburgh-based investment partnership makes no bones about its liking for innovative companies – quoted and unquoted – that it believes can deliver sustainable growth in profits for years to come, and it is prepared to hold such companies through periods of market stress.

40 years of investing: is this the end of easy money?

The concept of easy money has resonated throughout Money Observer’s 40-year history. First came the virtual guarantee of immediate share price gains from mass privatisations in the 1980s; then came the windfalls from building society demutualisations as the decade turned; and then the spoils from dotcom fever in the late 1990s, when any company that came to market could raise capital, burn through it and make its stockmarket backers rich, albeit fleetingly.

Ethics has entered mainstream investment thinking

The asset manager for a changing world” seems a fitting description of BNP Paribas Asset Management, following its recent research paper on renewable energy versus oil. In ‘The death toll for petrol’, Mark Lewis, the investment bank’s global head of sustainability research, sets out a compelling case for long-term investment in renewable energy for transportation, when assessed in terms of the energy return on capital invested – shortened to EROCI.

Rated Funds mid-year review: top performers

Stunning returns have been made by a large cohort of Money Observer’s Rated Funds since we revealed the 2019 members at the end of January.

Our specialist gold selection tops the performance charts (see below), but in a period when markets at large regained their mojo after the bitter disappointments of 2018, it is group of overtly equity growth-oriented US and global selections that have made the most money for investors – with gains of 20% or more recorded by 28 Rated Funds.