“What is really important are the financial characteristics that we look for and the very strong governance and ESG characteristics. In terms of finances, we like strong margins, strong cashflows, we like businesses companies than can fund their growth. That naturally leads to overweight positions in certain sectors. Tech, healthcare, industrials, and consumers are probably the four we tend to be more overweight in.”

Lindsay Scott, part of the team that runs the AA-Rated BNY Mellon Long Term Global Equity fund, joined us this week to discuss their underlying growth trajectory and the interesting areas they are allocating capital to. Lindsay continues by sharing why they aren’t focused on the headline technology drivers, but rather the supply chains of these business, and where they are finding value and diversification.

Listen to the Behind the Screens on your favourite platform here, or listen below.

Don't have time to listen to the full episode, jump to your favourite part:

• 1:05 – You have a team orientated approach, how do you manage the working day?

• 4:20 – How do you think about the long-term horizon?

• 5:40 – What themes are you running in the portfolio?

• 7:15 – Do you have any examples of ideas that fit those characteristics?

• 8:50 – What do good ESG characteristics look like to you?

• 11:05 – Where do you see the opportunities in the 5 to 10 years?

• 14:30 – What keeps you up at night?

• 16:35 – An interesting statistic for the week.

This was recorded on Tuesday 14th November 2023. This podcast is only aimed at professional advisers and regulated firms and should not be passed on to or relied upon by any other persons. It is not intended for retail investors, who should obtain professional or specialist advice before taking, or refraining from, any action on the basis of the podcast, remembering past performance is not an indication of future performance. It is published by, and remains the copyright of, Square Mile Investment Consulting and Research Ltd. Square Mile makes no warranties or representations regarding the accuracy or completeness of the information contained herein. This podcast represents the views and forecasts of SM at the date of issue and may be subject to change without reference or notification to you. Nothing in this podcast shall be deemed to constitute a regulated activity or an invitation or inducement to engage in investment activity and it is not a recommendation to buy or sell any funds or investments that are mentioned during this podcast.