Blake Hutchins (Troy) - The Sweet Spot for UK Equity Income
Description
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
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