“Quality is never an accident. It is always the result of intelligent effort.” – John Ruskin

The ethos is true of our Quality approach and the Quality companies we invest in – businesses that are
inherently resilient, able to withstand uncertain market conditions and invest in their own futures to continue to grow.

Some of the Quality stocks held in the Investec UK Equity Income Fund are likely to be amongst your most used brands. This infographic shows how often we engage with and rely on Quality companies throughout our everyday lives:

Through disciplined capital allocation, Quality companies invest in their own futures to strengthen their market positions by forging hard-to-replicate, enduring competitive advantages.

• They have dominant market positions in stable growing industries
• Often world leaders in their fields, they have high barriers to entry
• They are capital-light, highly cash generative and have track records of disciplined capital allocation
• Naturally resilient, many have been around for decades, if not centuries, surviving stock market crashes and world wars, making them well placed to continue to thrive.