Hold or sell? The STANLIB Global Select Fund constantly evaluates its positions

The Global Select Fund has done exceptionally well over a long period of time. Amit Parmar, JPMAM International Equity Group vice president and investment specialist, explains to STANLIB’s Chief Economist, Kevin Lings, that the fund’s recent performance has been driven by stock selection, especially of semiconductor and media companies. Parmar cites the example of how the team took an early position in Texas Instruments in 2016 and realized profits as the stock became more expensive, reallocating those profits to other well-priced opportunities. There is constant dialogue among the global team to analyse where returns are coming from and how each stock justifies its place in the portfolio.