In last week's magazine, Shares focused on the methods by which leading fund managers identify genuine long-term growth opportunities, covering everything from the need for a growth mindset to bottom-up stock picking and the need to factor in top-down considerations.Now we turn the spotlight on the regional markets, themes and stocks which have some of the market's most admired investors...

There are several fund managers who run extremely concentrated portfolios with the aim of having meaningful stakes in companies allowing them to actively influence and support management.This strategy is broadly akin to that of a private equity investor putting money into an unlisted firm. The lack of diversification means this approach comes with a different risk profile to funds which spread...

Discounts and premiums to NAV (net asset value), which is the value of all the investments an investment trust holds minus any debt or loans, are among the trust universe's unique quirks and can confuse novice investors. At the moment the vast majority of trusts trade at a discount.Annabel Brodie-Smith, the AIC's (Association of Investment Companies) communications director, says: 'Only around...

Value stocks have outperformed growth stocks by 12% since Pfizer (PFE:NYSE) announced the first effective Covid-19 vaccine on 9 November 2020. That's comparing the MSCI World Value index against the MSCI World Growth index.We have reason to believe the value investing style could soon deliver even bigger outperformance given the shift in the backdrop from cheap money to more normalised...