Nimmo: ‘Buy and hold' strategy key to success

Standard Life Investments' Harry Nimmo said his buy-and-hold philosophy is the secret behind delivering top-quartile returns over the past two decades.

Nimmo, manager of the top-performing SLI UK Smaller Companies fund and Standard Life UK Smaller Companies trust, said one of the key drivers has been his reluctance to take profits, instead choosing to retain ‘winners’ for several years. Speaking to Investment Week after he was crowned Outstanding Investor at the Morningstar OBSR awards, Nimmo said: “Having been through an array of economic cycles I have learnt the trick is to keep faith in your process and not change the structure of the portfolio to adapt to the macro environment. “You have to hold your nerve and not be blindsided b...