Trent Masters of Alphinity Investment Management told CNBC Pro Talks he picks stocks with one key quality: earnings resilience.
Many investors are bracing themselves for a tough year, with at least a mild recession looking likely . Because of the "darkening" economic environment, fund manager Trent Masters of Alphinity Investment Management told CNBC Pro Talks last week that he doesn't own any tech stocks, which have been very volatile in the past year. Instead, he picks stocks with one key quality: earnings resilience.
— very, very powerful business, very strong house of brands, the performance has been quite exceptional. You have seen that organic growth running at about 20%," he said. "And that has been with China, not really having the same level of growth they normally do because of the lockdowns that they have been experiencing."
has demonstrated this," Masters added. During the pandemic, the "upper end tended to be fairly protected," while the middle and lower ends were more affected, he said. "Today, the performance of their business and the execution has been rock solid. And that remains a core position in the portfolio," Masters said. Masters manages the Alphinity Global Equity Fund, which outperformed the MSCI World Index last year.
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