Dowell uses disciplined approach to turn around HSBC European Growth

Nick Dowell took over the HSBC's £272m European Growth fund three years ago this month, tasked with turning around the vehicle's lacklustre performance.

After one year running the fund, he introduced the 25x4% investment process, creating a much more disciplined approach which has boosted performance. Over three years to 8 November, the fund has returned 5.9%, compared to an IMA Europe ex UK sector average decline of 1.3%. Describe your investment process. We are fundamental long-term investors who focus on a bottom-up approach. For us, stocks fall into two categories. One is compounders – companies that have shown consistent growth and are favoured by markets. Then there are the improvers which, for whatever reason, the market ...