MENU

Top fund manager likes these 5 ASX shares

Credit: Blackmores

While studies come to many different conclusions regarding the arguments both for and against operating an active investment strategy, there is no doubt that done correctly, an active investment strategy can do wonders for your wealth.

Boosting your portfolio’s returns via an active investment strategy is certainly no cinch however and it requires plenty of hard work and vigilance.

Part of the process of being an active investor is generating ideas. One way that can be helpful in identifying new investment candidates is keeping an eye on what successful boutique fund managers are buying.

With that in mind here are five stocks which one leading boutique manager, OC Funds, had a positive view on as at 31 May 2016.

  1. Fisher & Paykel Healthcare Corp Ltd (ASX: FPH) – a leading provider of respiratory care medical devices which continues to grow profits at a high double-digit rate.
  2. Worleyparsons Limited (ASX: WOR) – a leading provider of services to the hydrocarbon, minerals, metals, chemicals and infrastructure sector. The stock has fallen on hard times in response to the weak oil price but OC views Worleyparsons as a turnaround opportunity.
  3. Mineral Resources Limited (ASX: MIN) – offers exposure to the “hot” commodity of lithium.
  4. Speedcast International Ltd (ASX: SDA) – a leading provider of satellite services whose shares have been sold down in response to soft demand from oil, gas and maritime customers.
  5. Blackmores Limited (ASX: BKL) – OC recently visited China and believes that concerns regarding disruption within Blackmores’ Chinese distribution channels in response to tax and regulatory changes have been overblown by the market. OC remains positive on the long term prospects for this leading vitamin manufacturer.

If you are interested in quality dividend shares, then I would recommend this top dividend share instead. A strong yield and potential share price gains make this a great investment idea in my opinion.

Our Top Dividend Stock for 2016

Looking for more actionable investment ideas? Our resident dividend expert names his Top Dividend Share for 2016. Not only are the shares dirt cheap, the company is trading on a fat fully franked dividend yield. Simply click here to gain access to this comprehensive FREE investment report, including the name of this fast growing ASX dividend share. No credit card required!

Motley Fool contributor Tim McArthur has no position in any stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

Two New Stock Picks Every Month!

Not to alarm you, but you’re about to miss a very important event! Chief Investment Advisor Scott Phillips and his team at Motley Fool Share Advisor are about to reveal their latest official stock recommendation. The premium “buy alert” will be unveiled to members and you can be among the first to act on the tip.

Don’t let this opportunity pass you by – this is your chance to get in early!

Simply enter your email now to find out how you can get instant access.

By clicking this button, you agree to our Terms of Service and Privacy Policy. We will use your email address only to keep you informed about updates to our website and about other products and services we think might interest you. You can unsubscribe from Take Stock at anytime. Please refer to our Financial Services Guide (FSG) for more information.