Three growth stocks the market has overlooked

Professional investor Richard Penny picks three growth stocks that have been unjustly marked down.

A professional investor tells us where he'd put his money. This week: Richard Penny of the Crux UK Special Situations Fund picks three favourites.

Despite the intense uncertainty created by Brexit, the UK stockmarket still offers opportunities for long-term capital growth. The volatility in global markets over the past few months has had the greatest impact on growth shares, notably some of the UK's best and most expensively-valued companies. We seek out high-quality businesses that boast low levels of debt and strong management teams. Now some of the promising growth stocks that fit the bill have been unjustly marked down or are being overlooked by rattled investors. Here are three "hidden growth" stocks.

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Richard Penny

Richard Penny has been managing the Crux UK Special Situations Fund for the past five years. Prior to this, he spent 15 years as a Senior Fund Manager at Legal & General Investment Management (LGIM) where he managed the award-winning L&G UK Alpha Trust and L&G UK Special Situations Trust In June 2021, Richard got awarded a AAA rating from Citywire. Richard studied Engineering and Economics at the University of Oxford and he now shares his expert knowledge on shares in our MoneyWeek share tips.