WHAT IS HIGH GROWTH ?

•  Investors are generally looking for an Internal Rate of Return IRR , or compound annual return, of 30% to 40%

•  Why not? A proportion of any investor's PHG investments will often fail completely - an IRR of more than -100%; the surviving investments will have to make up for those losses and provide an above-average return overall - or the investor might as well leave his money in the safety of a building society