Three wealth-creating funds

Professional investor Simon James believes we should be looking to buy companies with wealth-building characteristics – such as strong balance sheets, excess cash flow, and a good and growing dividend. Here, he picks three funds that aim to do just that.

Each week, a professional investor tells MoneyWeek where he'd put his money now. This week: Simon James, founding partner at Gore Browne Investment Management.

The coalition government's approach to tax will reinforce Britain's dependence upon corporate investment and development during the next decade. The economy will behave very differently in the years ahead compared to what we've been used to. The 'buy now, pay later' creed can no longer be sustained. Tight credit, higher personal taxes and job insecurity should drive debt repayment and higher savings, which will constrain consumption.

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