Blue Whale manager: How I avoided the AI slump and where I'm investing for growth now
The Blue Whale Growth fund has delivered handsome returns for investors since it launched eight years ago and built a reputation for profiting from high-flying tech firms.
Yet, while manager Stephen Yiu was among the first wave of investors to see the potential gains from artificial intelligence for companies and their share prices, he also switched tack last year.
On this episode of the Investing Show, Stephen joins This is Money's Simon Lambert to explain why he decided to stop backing the big AI spenders and instead zero in on the picks and shovels companies of the tech revolution instead.
He discusses the moves he made and how they helped him avoid the recent slump that has hit stocks the market has now decided are AI losers.
Stephen also discusses the potential impact of the Iran war on investors and what they need to consider.
Plus, he reveals why he has a renewed interest in backing firms that operate with real world assets, the stock he bought last year that has surged and why he holds a famous UK name in the portfolio.
