Buying baskets of stocks instead of taking a 'stock picking' approach limits the potential for human biases to creep into the investment process, Miton multi-asset co-manager Anthony Rayner has said.
"We buy baskets - we're not stock pickers - we don't visit companies, a lot of our competitors do," said Rayner (pictured). He said that when he and fellow co-manager David Jane used to work at M&G, which was then part of Prudential, they would have access to and visit a lot of big companies. "These [companies] are run by people who are by definition very entrepreneurial and very passionate about what they do," he said. "We just found ourselves coming out thinking 'that's a really well run business, they're a really nice bunch of people, they seem to know what they're doing' and a big...
To continue reading this article...
Join Professional Adviser
- Unlimited access to real-time news, industry insights and market intelligence.
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters.
- Make smart business decisions with the latest developments in regulation, investing retirement and protection.
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes.