2022 has been a highly volatile year for equities, given the geopolitical risks, stronger inflationary pressures, and monetary policies that are needing to normalise, despite the weakening economic momentum.
Zehrid says the area that is showing promise in the current environment are companies with structural growth, that also generate attractive returns on invested capital. Quality cyclicals in the industrials sector have pulled back and can perform through the cycle - some of these are exposed to long term infrastructure spending, giving them a long-term runway of growth.
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