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Pick of the pops

In today’s markets, it is important to have a major part of a growth portfolio in trusts, where the manager can choose shares from all over the world and in any sector.

Rathbones’ global opportunities is one such trust run by James Thomson, another Rathbones rising star. His fund has risen by over 76 per cent against an average of 41 per cent over the three years to October 1 and it ranks fifth out of 129 funds in its sector. I am most impressed by Thomson’s knowledge and energy and I believe his fund has the potential to go to the top of the pops over the next year or so.

It has also outperformed all but a dozen of the 248 UK equity funds over the same period. Thomson is the ultimate stockpicker and at present is particularly keen on small oil company shares and engineering companies which build power plants that supply countries with rising living standards.

This is where there is a huge potential as consumers begin to be able to spend more. At present, the fund has about 47 per cent invested in the US and Canada, with one of the biggest holdings being Petrolifera Petroleum, a Canadian company where the share price has gone up by around 25 times since Thomson bought it.

He also has about 23 per cent invested in the UK, the biggest holdings here being One to One Media and Playtech. Around 16 per cent is invested in Europe and around 8 per cent in Asia Pacific.

Rathbones has outperformed all the bigger groups. The fund managers work as a team to discuss the best ideas but each individual manager has absolute discretion over investments within their own fund.

I believe that this is a fund which should be considered for all growth portfolios. It can be bought through Cofunds.

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