How can long-term leadership help improve investment?

David Walton, manager of the Marlborough European Multi-Cap fund, explains why the long-term commitment of a company's CEO can provide an important buy signal for investors.

With Hillary Clinton and Donald Trump battling it out for the US presidency, and Theresa May (pictured) establishing herself in her new role as Prime Minister in the UK, the importance of leadership has been dominating the headlines. For stockpickers too, quality leadership is a key consideration. When assessing the growth potential of a company and weighing up the risk/return proposition, the calibre of those running the business is one of the essential factors savvy investors are likely to focus on. Asset managers shrug off post-Brexit jitters as recruitment sees 'bizarre' uptick ...