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Vodaphone: record £4bn profits

Virgin Direct claims Vodafone&#39s announcement of record £4bn profits

demonstrates why blue-chip stocks are an investor&#39s best bet for the long

term.

It says the results support recent research by Stirling University which

concluded that blue-chip stocks look set to be the best long-term

performers.

The study found economies of scale enable big firms to operate more

efficiently and be best placed to take advantage of technological

developments. Big firms find it easier to raise funds for long-term

investment.

It also concluded that while all firms can expose themselves to high

levels of risk, it is big firms which take most action to hedge against

risks. This has the knock-on effect of increasing growth rates.

Virgin Direct spokesman Gordon Maw says: “These results are good news for

tracker investors and illustrate the ability of blue-chip stocks to deliver

year after year. The UK&#39s top three companies are now hugely diversified

world leaders and cannot be ignored by investors. We believe an All Share

tracker fund is the perfect portfolio for long-term growth, with a hefty

helping of the UK&#39s biggest and best mixed with a spread of smaller

companies.”

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