Good stock pickers are valuable!

Andrew Bolton has historically done well at stock pickking. That's why lots of investors are throwing money at him for his Chinese ventures.

The trust is attracting widespread interest from investors because of Mr Bolton's spectacular investment track record. More than 12,000 private investors have already registered to be sent the prospectus.

Fidelity is confident of raising $US1bn in what would be a record for a new conventional investment trust in Britain. It will take a 1.5 per cent annual management charge, which equates to $US15m.

Communication

It's important to not just have a good strategy, but to be able to communicate it as well. NAB seems to have doubters on both fronts: The Australian

Key graf:

The question now is whether the NAB narrative is understood.
Mr Clyne believes it is, but admits investors are tough critics who are keen for answers.
"We outlined our strategic view and what's critical to us is that we consistently deliver against that," Mr Clyne said.

Remember too that NAB has better resources than most to try and explain its strategy.