Comgest's Negiar: Three stocks we bought during Covid sell-off

'Compelling valuations'

Laure Negiar dipped into the Comgest Growth World fund's 'subs bench', adding three stocks to the portfolio during the height of the Covid-19 market sell-off and topping up a number of long-term holdings.

The $999m fund added new positions in luxury goods giant LVMH, Indian mortgage lender HDFC and commercial aerospace engineer MTU Aero Engines in March, Negiar told Investment Week. The fund manager said she also "reinforced a number of our long-term holdings" like Microsoft, Alphabet, Tencent and Alibaba as it looked to capitalise on a 2020 of outperformance. Scottish Mortgage's Flood: Sometimes the best thing to do is nothing Comgest Growth World has returned 11.5% year-to-date, according to FE fundinfo, well ahead of its MSCI ACWI benchmark's 3.6% and Investment Association Globa...