23 Feb 2017
On 1st March at 10am, Stuart will provide a detailed update on the fund, starting with the drivers of performance in 2016. He will elaborate on each of the three sources of dividend growth and their contribution to performance during a year when the markets welcomed a new regime.
Cyclicals led the markets higher with energy and materials at the forefront, while defensives experienced an abrupt reversal of fortune in the second half of the year as sentiment turned on safety at any price.
In an environment where valuation has started to have a greater influence on equity returns, Stuart will highlight the opportunities he sees in each of the fund’s three buckets before sharing his thoughts on the fund’s outlook for the year ahead.