Please enjoy this video with Andy Marsh who is a Portfolio Manager at Artemis. Andy (and his team) run the Artemis UK Equity Income Fund which is one of the core holdings within our UK equity holdings witihn the MPS models. Andy and the team focus on sustainable cashflows within the companies that they invest. This tends towards more consistent returns (hence it being a core holding for us) and a diverse group of companies. This year, 3i Group has been a key performer for them but they’ve also benefited from names such as Tesco and Imperial Brands which we discuss. These names highlight their process and also highlight the disconnect between the stock market and the economy: Tesco has performed well in the face of increased wage bills and NICs, whilst Imperial Brands has performed strongly in a shrinking market.