- Rathbones’ head of multi-asset investments on the Investing Show
The great advantage of being a multi-asset fund manager is one that ordinary investors share, says Rathbones’ David Coombs: ‘I don’t have to pretend to like anything.’
As head of multi-asset investments, David is in charge of the team responsible for managing Rathbones’ free-ranging funds – and this can mean holding shares, bonds, gold or more esoteric investments.
‘You’ve got the ultimate open field of where you can invest – any asset class, any country, any type of company’, David tells This is Money’s Simon Lambert on the Investing Show.
He adds: ‘I never have to buy bad companies just to have a diversified portfolio, because I’ve got so many other levers I can pull.’
David describes himself as a ‘quick taker of profits’ who would rather cash in some gains when investments are doing well than risk them evaporating.
He joins Simon on the Investing Show and reveals how he took an unusual route from dropping out of his A-levels and getting a job in a bank, to eventually becoming a fund manager – and what he has learnt along the way.
He discusses where he sees investing opportunities now, how the Magnificent Seven have become an asset class, why he is interested in resilient global companies with good exposure to China and doesn’t buy into the argument that the UK stock market is a must-own bargain but is a fan of UK profit machine retailer Next.
> Watch the Investing Show on YouTube
Profit machine: While David Coombs doesn’t hold see the UK market as particularly attractive, he holds retailer Next in high regard
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