Some of the key long term trends Moor is playing are the increasing longevity of what is a growing population, a theme that plays into the pharmaceutical and savings sectors. Another is the growing need for both physical and digital infrastructure.
But, having said that, he adds, there is growth out there and points to the likes of BT, ITV and L&G as examples of companies that have grown their dividends significantly over the past reporting season.
In terms of positioning this approach has led the fund to be strongly overweight pharmaceuticals and biotechnology, which accoutns for 17.49% of the fund. The funds next four biggest overweights versus the FTSE All Share are: financial services, non-life insurance, mobile telecoms and fixed line telecoms.
In terms of underweights, the fund is very light on banks, oil and gas, beverage companies and general retailers.
