SVM's Veitch reveals the stocks powering his global equity fund

SVM's World Equity fund, run by Neil Veitch, has benefited from a pickup in merger and acquisition (M&A) activity this year, with a number of takeover targets giving his fund a lift.

Most recently Invensys, which was worth 4.8% of the fund, was acquired by French industrial firm Schneider, prompting the fund's initial investment to double in value over 18 months. Other plays on the M&A theme include Valiant Petroleum, acquired by Ithaca Energy earlier this year, and industrial technology firm Edwards Group, bought by Swedish engineering group Atlas Copco. "We do not specifically look for businesses that are about to be acquired, but we have benefited from a pickup in M&A activity this year," Veitch (pictured) said. "We expect this to continue in the Anglo-Saxon ma...