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In general, FTSE 100 stocks have a reputation of being steady income investments. The idea is investors probably won’t go broke owning them, but they also won’t get outstanding returns.
That might be true of the index as a whole, but a £10,000 investment in 3i (LSE:III) a decade ago is now worth more than £85,000. By any standards, that’s worth paying attention to.
Outstanding returns
A decade ago, the 3i share price was around £4.95. Fast forward to today and the stock trades at £42.32 – an increase of 755%, which is the equivalent of compounding at 23% a year.
Importantly, it’s also not as though the stock’s momentum is all in the distant past. Over the last 12 months, it’s up almost 50%.
3i’s 10-year record compares favourably with even the most impressive US shares. In fact, the stock’s been a better investment since 2015 than Amazon, Alphabet,…
