The Impact of a Higher Inflation Rate on the UK Economy

Blake Hutchins manages the Trojan Income Fund and is co-manager of the Troy Income & Growth Trust.  We discuss the changing investment environment, why it could be good for high-quality, dividend-paying companies, and where Blake is finding value in the UK market today.

Show notes:
[1:16] Being deliberate and patient during tough times
[3:30] Equity income investing in a different environment
[6:50] Striking the right balance between yield and dividend growth
[9:38] Why Blake doesn’t invest in banks and commodity businesses
[13:31] The power of incumbency
[16:27] The impact of higher inflation
[18:33] UK equity valuations
[21:30] UK domestic exposure
[23:58] How the portfolio has evolved
[25:39] The attractiveness of UK-listed consumer staples companies
[27:34] Dividends are on a more stable footing following the pandemic
[30:31] Growing the dividend in a resilient and consistent way