My favourite UK stock’s a FTSE 100 fixture with a market-cap of almost £30bn. Yet it never seems to be on many people’s radar. It’s flying high on mine though.
I’m talking about private equity and infrastructure specialist 3i Group (LSE: III). Whenever I checked out the 3i share it was going great guns. So when I shifted some company pensions into a Self-Invested Personal Pension (SIPP) last year, it was one of the first stocks I bought.
3i Group’s now the biggest single direct equity holding in my portfolio, having risen 56% since I added it to my SIPP on 3 August last year. And that’s not a one-off.
Blue-chip outperformer
The investment trust is the fourth best performer on the FTSE 100 over the last year, up 52.85%. Over five years, it’s in third place, up 172.42%, beaten only by Frasers Group (up 280.98%) and Diploma (190.59%).
This is particularly impressive, given that private equity’s…
