Ian McVeigh believes unconstrained approach key with valuations squeezed

Identifying growth catalysts is the key to maximising returns in the view of Ian McVeigh, manager of...

Identifying growth catalysts is the key to maximising returns in the view of Ian McVeigh, manager of the Jupiter UK Growth fund. He believes an unconstrained approach is crucial as valuations are squeezed across the UK market. McVeigh's investment process involves three stages of defining a potential stock's growth, value and recovery, identifying a catalyst for its change and setting a price target. "If you can spot a change ahead of the others, that's the golddust," he said. He does not believe the end of the equity bull market is close, predicting it will continue through 2007, along...