20. Every little helps: a strategic investment in Tesco

Tesco has been under pressure from competitors Aldi and Lidl for sometime. But Richard Hallett, manager of Marlborough UK Multi-Cap Growth fund, believes its outlook is more positive in the short term. With every little helping in investment terms, he tells us why he is willing to take the chance on the company and explains why he tends to avoid oil and utilities firms in favour of e-commerce businesses like Boohoo and WorldPay.
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Marlborough UK Multi-Cap Growth takes an unconstrained approach. It invests in small, medium and large UK businesses that are leaders in their sector and that can grow regardless of the prevailing economic landscape. The team at Marlborough has a fantastic track record when it comes to stock-picking and this fund has the added benefit of the manager’s macroeconomic overlay which helps to add context.

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The views of the author and any people interviewed are their own and do not constitute financial advice. However the knowledge that professional analysts have analysed a fund or trust in depth before assigning them a rating can be a valuable additional filter for anyone looking to make their own decisions. Before you make any investment decision make sure you’re comfortable and fully understand the risks. If you invest in fund or trust make sure you know what specific risks they’re exposed to. Past performance is not a reliable guide to future returns. Remember all investments can fall in value as well as rise, so you could make a loss.

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