Learning: Unstructured

A complicated macro environment has produced risk at both ends of the investment spectrum, within both high growth and deep value equities. For defensive dividend investors however, such a backdrop offers plenty of opportunity believes Nick Davis, manager of the Polar Capital European ex-UK Income Fund.

Nick explores this outlook for European dividends further, including sectors the team sees as attractive and others where they see the dividend risk as underestimated. Relative to this, Nick explains how the Fund is positioned, including his medium-term expectations for the Fund’s dividend growth, should inflation fall back to less elevated levels.