3 high conviction ASX stock picks for the next 5 years

Описание: If you love high-conviction stock picks from right here in our own backyard, we have got a treat for you! In this episode of The Pitch, Casey McLean, the man behind the Fidelity Australian High Conviction Fund and its accompanying ETF Fidelity Australian High Conviction Active ETF will share some ideas and his views on today's opportunity set in the ASX.

As an active high-conviction fund manager, McLean's stock-picking process is as much about what you don't add to the portfolio as it is about what you do put into the portfolio. In fact, finding out what to exclude is often the first thing he does in his process.

"Our core belief is that loss avoidance is the cornerstone to good investment performance," McLean said. "So, when we're looking at a stock, the first thing we think about is what we don't want to buy."

From there, he looks at the company's growth prospects versus its current valuation. He does this by grading potential investments through the Five S's. And although McLean is long-term minded and the average stock in the Fund lasts about five years, he is far from a set-and-forget investor.

Tune into the rest of this episode to learn about his favourite stocks for the next five years, what he does with stocks that screen red flags, and the one Big Four bank he is overweight on right now. And no, it's not CBA.