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Blue Whale (BW)

Blue Whale Q&A December 2019

20 December 2019

Stephen Yiu, Chief Investment Officer, answers investors’ questions, sent into him.

The fund’s performance to date – 01:11
How does fx affect the fund? – 02:53
Companies jump in and out of the top 10, can you explain why? – 06:01
What is your view on timing the markets and volatility? – 11:13
Do you think some US stocks are in a bubble? – 15:54
Can you expand on Blue Whale’s managed funds category? – 20:54
Is there an opportunity cost of holding cash in the fund? – 22:20
What is your key man risk policy? – 25:43
Doesn’t frequent trading impact returns? – 27:00
What are your expectations for 2020? – 30:45

NOTE: All performance and ranking data is accurate as at midday on 10th December 2019.

Blue Whale investment objective: The investment objective of the fund is to achieve capital growth over the long-term by investing in equities on a global basis, with a current focus on developed markets. The portfolio will be concentrated, generally comprising between 25 to 35 stocks. In our view investments must fall into the below criteria in order to qualify for selection within the portfolio: 1. The business must be fundamentally attractive, this means • it has the ability to grow and improve profitability over the long term • it must not face structural or imminent cyclical issues 2. The business must have an attractive price; • the business must have a current valuation that is attractive relative to its future growth and profitability • we expect the business to receive favourable revisions of medium-term consensus growth and profitability expectations These criteria enable the Investment Manager to select investments from a broad range of geographies and sectors with no particular sector or style bias. The Investment Manager will conduct detailed bottom-up fundamental research on each potential investment and in most cases produce their own financial model and forecasts of future performance. Blue Whale fact shee:


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