Five of the Best: US equity picks over the past half-decade

Nabeel Mughal and Peter Kaye (pictured), co-managers of the £98m Melchior North American Opportunities fund, name their five most lucrative investments over the past five years.

Mughal's fund has returned 58.1% over three years, against an average of 50.6% for the IMA North America sector, and lost 3.6% over one year, against a 3.3% average return, according to Morningstar data to 27 July. 1. Netflix The leader in DVD rental came to our attention in late 2007 through a positive inflection in earnings revisions. Sentiment towards the company had been poor with a high level of short interest. Investors were focused on issues surrounding the future of their business with the risk of Netflix being displaced by the emergence of the online downloading of films. ...