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While his performances in some years have been only a little over average, over a three-year rolling period his funds have nearly always been in the top decile and for many years were the top- performing funds of all. He believes the Bric economies (Brazil, Russia, India and China) are proving the driving force for global economic growth and are likely to remain so in future. He has therefore invested heavily in big UK industrial companies which benefit from overseas earnings from those areas. Over three years to July 1, 2006, his fund has risen by over 87 per cent against average growth of around 57 per cent. He invests in a mixture of big, medium-sized and small companies, with around 26 per cent in industrials, 15 per cent in oil and gas, 14 per cent in consumer services, 9 per cent in basic materials, 8 per cent in healthcare, with the balance divided between financials, utilities, technology and consumer goods. He also has a fair amount of cash available at the moment to take advantage of new opportunities. His bigger holdings include BP, Tate & Lyle, BOC, GlaxoSmithKline, BG Group, Paypoint and IMI. I believe this is one of the best funds for long- term investors and it should continue to outperform the market on a rolling three- year basis by considerable margins.