Richard Wilson, co-manager of the Polar Capital North American Fund, gives his views on inflation (transitory or otherwise) and explains why he feels the Fund’s investment process should insulate it from any adverse impact of a period of sustained higher inflation. Richard also talks about US company growth and profitability and the compositional issues in the US benchmark accounting for the higher headline valuations in the US. He ends with an optimistic outlook, particularly for disciplined investors able to manage some of the extremes in valuations within the market that we are all only too aware of.

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