196. Consumer demand robust despite rising prices

Ben Peters, co-manager of TB Evenlode Global Income, discusses all things inflation: its impact on individuals, companies, sectors, and different geographies. He explains why demand has remained surprisingly robust, despite the continued rise in prices and why some companies are being slow to pass on their costs to their customers. He also discusses his team’s recent trip to the US and pent-up demand for human contact and tells us how the fund has 20% exposure to Asia but only a couple of holdings in Asian companies. What's covered in this episode:How inflation is impacting companies in different sectorsWhy companies are starting to have problems supplying goodsThe impact of China’s lockdown on networking hardware and software company CiscoWhy demand is staying surprisingly robust in the face of rising pricesWhy companies are being slower than usual to pass on costs to consumersFirms that can thrive in any environment Why meeting companies on the ground is so important for investorsHow the fund has decent exposure to Asia – without owning many Asian’ companiesMore about the fund:TB Evenlode Global Income managers Ben Peters and Chris Elliott believe the market fundamentally underestimates the value of high-quality businesses because of its obsession with short-term events. The fund has four key objectives: grow the dividend on a consistent basis, compound returns at a high annual rate, outperform major global market indices over the long-term and generate returns with lower volatility and downside risk.Learn more on fundcalibre.comPlease remember, we’ve been discussing individual companies to bring investing to life for you. It’s not a recommendation to buy or sell. The fund may or may not still hold these companies at the time of listening. Elite Ratings are based on FundCalibre’s research methodology and are the opinion of FundCalibre’s research team only.Learn more on fundcalibre.comPlease remember, we’ve been discussing individual companies to bring investing to life for you. It’s not a recommendation to buy or sell. The fund may or may not still hold these companies at the time of listening. Elite Ratings are based on FundCalibre’s research methodology and are the opinion of FundCalibre’s research team only.