Anthony Bolton’s China Special Situations trust has received the go-ahead to invest in mainland China's A shares this week.
I am a big fan of Bolton's - his record more than speaks for itself, and his timing more often than not right. Investors have rushed to snap up shares in the investment trust, which has been reflected in the trust's NAV. This has recently forced the issue in the declaration that 'C' shares will be released to meet the current demand.
China still seems a difficult call for most. Do you go with the growth story and hope that it translates into capital growth for it's companies, or do you view it as a bubble waiting to happen.
Either way, Bolton will apply the same carefully selected processes to stockpicking and looking for those recovery plays and undervalued stock.
In his book, 'Investing Against the Tide', Bolton outlines the key principles of his investment process:
• If you're investing for the long term don't be concerned about short-term volatility.
• Keep a 'watchlist' of stocks or funds you are interested in and review your position on them every three months.
• Don't be afraid to go for something or somewhere out of favour.
• Use any insider knowledge of a sector you might have gained from your day job.
• Trust your instinct, but avoid emotional attachment to your holdings.
Time will tell whether he was right to come out of retirement for one last hurrah.
I am a big fan of Bolton's - his record more than speaks for itself, and his timing more often than not right. Investors have rushed to snap up shares in the investment trust, which has been reflected in the trust's NAV. This has recently forced the issue in the declaration that 'C' shares will be released to meet the current demand.
China still seems a difficult call for most. Do you go with the growth story and hope that it translates into capital growth for it's companies, or do you view it as a bubble waiting to happen.
Either way, Bolton will apply the same carefully selected processes to stockpicking and looking for those recovery plays and undervalued stock.
In his book, 'Investing Against the Tide', Bolton outlines the key principles of his investment process:
• If you're investing for the long term don't be concerned about short-term volatility.
• Keep a 'watchlist' of stocks or funds you are interested in and review your position on them every three months.
• Don't be afraid to go for something or somewhere out of favour.
• Use any insider knowledge of a sector you might have gained from your day job.
• Trust your instinct, but avoid emotional attachment to your holdings.
Time will tell whether he was right to come out of retirement for one last hurrah.
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