Avoid stock picking to 'limit human biases' - Miton's Rayner

Buying in baskets

Victoria McKeever
clock • 1 min read

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...

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