221. Balance is best, but in an inflationary environment, equities are key

<p>Matthew Page, co-manager of the <a href='https://www.fundcalibre.com/elite-funds/guinness-global-equity-income'>Guinness Global Equity Income </a>fund, talks to us about how company dividends are holding up this year. He also covers the fund’s investment process, how it differs from others, how the team makes its buying and selling decisions, and the effect recent decisions have had on the geographic weighting of the portfolio. Matthew also comments on the perennial &apos;bonds v equities&apos; debate, looks at how some consumer staples’ companies are defying economic norms, and wraps up by telling us why British American Tobacco is out, and Coca-Cola is in. <br/><br/><b>What&apos;s covered in this episode:</b></p><ul><li>Positive dividend news despite the difficult macro environment</li><li>Companies that are defying standard economics</li><li>The investment process that seeks long-term, sustainable and growing dividends</li><li>Why the managers don&apos;t invest in utilities, energy, telcos</li><li>Well-protected dividends in the US</li><li>Protecting income streams from inflation</li><li>The fund’s ‘one in, one out’ approach to buying and selling</li></ul><p><b>More about the fund:</b></p><p>This <a href='https://www.fundcalibre.com/elite-funds/guinness-global-equity-income'>core global income fund</a> typically consists of around 35 equal-weighted stocks, which means that investments are very different from the benchmark index. The managers focus on how well and consistently a company can use money to generate returns. They also have substantial freedom to entirely avoid countries and sectors they don’t like. The one-in, one-out philosophy means the <a href='https://www.fundcalibre.com/elite-funds/guinness-global-equity-income'>fund</a> stays up to date with the managers’ best ideas. </p><p><br/>Learn more on <a href='https://www.fundcalibre.com/'>fundcalibre.com</a><br/><br/><em>Please remember, we’ve been discussing individual companies to bring investing to life for you. It’s not a recommendation to buy