Citywire Selection Verdict: Cautious investor James Harries’ defensive positioning and focus on dividends work well in the long term. The fund only buys companies that yield 25% more than the FTSE World index. He favours high yielding pharmaceuticals and tobacco stocks which are not dependent on the economic recovery and help to maintain the fund’s dividend payout. Preferring financially sound companies, nearly half of his £4.5 billion fund is invested in US equities. A sound pick for the long term investor.

For more details view the latest