Hargreaves Lansdown has today appointed Gareth Campbell as a fund manager of the HL Select Global Growth fund. Gareth will work alongside existing fund manager, Steve Clayton.
HL Select Funds aim to give a different type of investor experience with unique transparency on the holdings in the fund, the reason we hold them and we tell investors when we sell and why.
The fund has delivered a 48% return since its launch just 18 months ago, against a benchmark of 26.7%*. Its three largest holdings are Visa, GoDaddy and Microsoft and the fund currently holds 19.8% in software and computer services, and 14.1% in medical equipment, with 58.7% of the fund currently invested in US stocks.
The fund strategy is based on investing in high quality global businesses capable of creating a virtuous circle of customer loyalty, pricing power and financial strength, allowing them to deliver consistent growth over the longer term.
Gareth joined the HL Select team in mid-2018 as a global equity analyst, after seven years covering the North American equity markets as a Portfolio Manager at USS, one of the UK’s largest pension funds. Gareth holds specialist skills in the key US market and healthcare sector and has a sharp focus on identifying companies with high quality cash conversion. He has a BA in Economics and an MSc in International Management from Exeter University and is also a CFA Charterholder.
Steve Clayton, Manager of the Select Funds at Hargreaves Lansdown said:
“Gareth has played a pivotal role in the fund’s success so far and we’re delighted with this appointment. Gareth’s talent for stock-picking augurs well for the fund’s future, backed up by his thoughtful approach to portfolio construction. We knew that we had found a hugely talented investor when we first met Gareth as we set about building the team to manage the HL Select Global Growth fund.”