Our 2018 stock picks outperformed the market
BUT WE DIDN’T ACHIEVE A POSITIVE RETURN IN WHAT WAS A VERY DIFFICULT YEAR FOR INVESTORS
Our annual portfolio of share picks has outperformed the market yet again, although we didn’t deliver a positive return. The average share price return from our portfolio of 10 stocks was a 6.4% loss versus a 10.2% decline from the FTSE All-Share.
It was a very difficult year for all investors, including fund managers, and anyone who managed to deliver positive returns deserves considerable praise.
The market punished stocks with the slightest bit of bad news, meaning a lot of decent companies would have lost money for investors in 2018 because the market took a very short-term view of everything.
TOP OF THE CHARTS
Our best performing stock was vehicle testing expert AB Dynamics (ABDP:AIM), up 58.1% on the year. The company last month reported a 78% rise in full year pre-tax profit to £7.9m and said trading continued to be very good.