Giles Hargreave: ‘The 1 share I would buy for my grandchildren’
In a new series we request some of Britain’s very best fund managers to title the 1 share they would get for their young children or grandchildren. Prime carrying out manager Giles Hargreave reveals his decision – chemical company Elementis 
Photograph: Alamy
Fund managers are usually keen to highlight the shares that have served them properly in the previous when they have made the proper get in touch with. But when it comes to naming one share they would buy and hold for twenty years, many are significantly less inclined to put their neck on the line.
Right here as portion of a new series some of Britain’s ideal fund managers reveal the share that they would invest in for their children or grandchildren and hold on to for 20 many years. Every share meets 1 of Warren Buffett’s golden investment exams: “Only get one thing that you would be perfectly content to hold if the market shut down for ten many years.”
The up coming fund manager to give his share tip is Giles Hargreave, who manages the Marlborough Particular Conditions fund. Mr Hargreave primarily buys up and coming British businesses, discovered outdoors the FTSE 100. His greatest get and hold investment for the up coming twenty years is chemical company Elementis.
“Elementis is a truly global enterprise, built on progressive science, and positioned to advantage from the way our globe is modifying.
“The speciality goods division, which serves industries from cosmetics to oil and gas manufacturing, presents the most exciting options. Adjustments such as escalating longevity and urbanisation, and the growth of unconventional oil and gasoline drilling methods, are most likely to underpin demand for its products.
“The company has one a lot more aggressive benefit: it owns a mine that is the only identified supply of high–grade hectorite clay, which is employed in a variety of its merchandise.
“Occupying a niche place, Elementis is properly positioned to increase its revenues and marketplace share whilst preserving margins.” The shares expense 278p and the current p/e is 19.six.
Why Giles Hargreave is well worth listening to
Marlborough Specific Situations overall performance more than 5 years 183pc (turning £10,000 into £28,300)
Regular fund 151pc (turning £10,000 into £25,one hundred)
Other fund managers share their share tips
Richard Buxton: ‘The one share I would get for my children’
Paul Mumford: ‘The a single share I would get for the two my grandchildren’
Nick Train: the one share I would get for my kids
Best manager: ‘The stock I would pick for my daughter’s Isa’
‘The a single share I would purchase for my youthful daughter’