Operating leverage and the spectre of inflationary pressures have been notable features in the investing environment during the first half of this year. In their latest update, the North America team look at how many businesses have adapted to emerge stronger from the pandemic. They also give their broader thoughts on inflation, a topic that is not straightforward, and how to approach the uncertain inflation environment from a portfolio perspective. In addition, they highlight the breadth of opportunity on offer in the American market, profiling some of the eclectic recent additions to the Fund.

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