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The Importance of Investing in Good Quality Companies
It's not just about competing with bonds for the highest yield, making sure that dividend is sustainable through investing in good quality companies. And I think we're in great shape in that regards. The second point is what do equities have in their favour over bonds? It's the opposite of being a fixed income. It's the fact that we have growth as part of our total return. So if we can deliver yield plus growth, that's going to be our defence against bonds. That's going tobe our defence against inflation and other alternatives.