Hasbro proves to be a good play for Majedie's Brass

"hidden gem" games

James Baxter-Derrington
clock • 2 min read

Toy conglomerate Hasbro represents a confluence of attractive investment themes, with the business well-positioned for a post-Covid recovery while holding a strong stable of established and beloved brands, a fund manager has told Investment Week. 

Adrian Brass, manager of Majedie's US Equity Global Focus and Global Equity funds, espoused the virtues of the underappreciated stock, in particular its "hidden gem" Wizards of the Coast. The subsidiary produces the company's role-playing games, including Magic: The Gathering and Dungeons and Dragons, which hold extremely dedicated fan bases and now represents more than half its parent's profits. "[Wizards of the Coast] has been growing strongly and is a very high margin part of the business," Brass explained. "The reason we like it is because it has been stealthily growing and is now...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Equities

Deep Dive: Uncertain economic outlook boosts case for blended portfolios

Deep Dive: Uncertain economic outlook boosts case for blended portfolios

Value and growth have a role to play

Valeria Martinez
clock 23 February 2024 • 5 min read
Partner Content: Three Minutes With Federated Hermes Limited's Mark Sherlock

Partner Content: Three Minutes With Federated Hermes Limited's Mark Sherlock

What are the prospects for US SMID equities in 2024?

Federated Hermes Limited
clock 20 February 2024 • 1 min read
Partner Insight: Attractive yields but narrow spreads - The credit dilemma

Partner Insight: Attractive yields but narrow spreads - The credit dilemma

Arif Husain, Head of International Fixed Income and Chief Investment Officer, Fixed Income at T. Rowe Price
clock 14 February 2024 • 4 min read
Trustpilot