The fund style deployed by Troy is one that is often called 'quality', and after a period of profound success it has come under pressure in recent months as investors switch to more economically sensitive areas.
Boyle says that while the characteristics that define a “quality” company have not really changed since she began, they are “usually associated with businesses like consumer staples, but actually in the modern world there are other places where you can find them, for example in areas such as medical technology. And we can certainly be a lot more fussy now than in the past about what we buy”.
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David Thorpe is special projects editor of FTAdviser
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