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September 2023

PSG Asset Management
Our commitment to our clients is to consider the bigger picture when it comes environmental, social and governance (ESG) investing.

“ ...we do not believe ESG investing should be a simplistic, add-on or stand-alone process. ”
As responsible stewards of our clients‘ capital, PSG Asset management actively takes environmental, social and governance (ESG) factors into account as part of our investment process. We believe businesses must be sustainable to thrive and deliver shareholder value in the long term. Therefore, we do not believe ESG investing should be a simplistic, add-on or stand-alone process.
For more on how ESG factors are incorporated into our investment process, read our Annual Stewardship Report or click here to find our more about our approach to ESG investing.

In this edition, Head of Research Kevin Cousins considers how a misunderstanding of the nature of inflation during the 1970s and 1980s may be contributing to an incorrect policy response currently. Assistant Fund Manager Ané Craig elaborates on how investors should think about navigating the investment environment when it is clear that conditions are far from ideal. Lastly, Fund Manager Shaun le Roux argues that in the current environment, the benefits for patient investors who can stay the course are amplified even more than usual.
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