Thomas added: “The volatility seen in 2016 demonstrates that you can’t predict the stock market, which is why our investment methodology looks for secular trends that are extant in the economy; these trends are largely independent of political comings and goings and so remain relatively stable.
“Fundamentally, there is a lot of noise in the stock market so our ethos is to stick to good quality companies, that can grow revenues, earnings and ultimately their dividends – they can generate cash.
“We have a high quality threshold in the investments that we make – we stick to that, whatever the market throws at us, rather than bow to the whim of political changes or currency fluctuations.”
