The basic case for investment in larger companies is well known: with the onset of globalisation and...
The basic case for investment in larger companies is well known: with the onset of globalisation and the reduction of tariffs, a number of global companies are emerging in each industry whose unrivalled resources, market position and competitive advantages will ensure their future success. A successful equity investment strategy must focus on these leaders. Their market dominance, coupled with relative stability of earnings, should produce higher risk adjusted returns over the long term. Changes in the asset management industry have also benefited large cap companies such as the developmen...
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