Total returns key to Insight's Rees

Rees, director investment strategy and manager of Insight’s Equity High Income fund, says he has a simple goal for investing in blue chip UK stocks and some bigger FTSE 250 companies. ”To use a racing analogy, I’m looking for an 8-to1 at a 20-to-1 price.” By this Rees means he is looking for the undervalued stock, and that the private investor all too often gets drawn in to buying when shares are expensive rather than cheap. “At seminars I draw a line that goes up an down over time reflecting how the market goes through cycles. I point out that many retail investors make the mistake...