The sweet spot of growth, yield, and price

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Livewire Markets

Growth investing, yield investing, and value investing are sometimes thought as competing strategies. However, as star Fidelity fund manager, Peter Lynch, showed back in the 80’s with GARP (Growth at a Reasonable Price); these approaches can be combined. In a recent interview with Livewire, Ben Clarke from TMS Capital, described a “sweet spot" in stocks for FY17, being "reasonable yield, reasonable growth, at a reasonable price." Baillieu Holst Quant Analyst, Mathan Somasundaram’s popular GARY (Growth At a Reasonable Yield) screen has demonstrated outperformance over the ASX 300 dating back to 2012. Given this, we reached out to three Livewire contributors to get their view on a stock that offers reasonable growth, yield, and price. Responses come from Jason Teh, Portfolio Manager at Investors Mutual, Dr Don Hamson, Managing Director at Plato Investment Management, and Marcus Tuck, Head of Equities Research at Mason Stevens. (VIEW LINK)


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