Portfolio manager Aneta Wynimko joins us today as she discusses the latest global consumer spending patterns and where she is finding investment opportunities in the second half of 2024.  Aneta talks about the challenges in the consumer sector over the past few years from spending on all sorts of beauty and health-related products coming out of the pandemic to slowly down spending in some parts of the world including China.  Aneta is shifting her investment focus to India and Vietnam pointing out a lot of big consumption opportunities there. She says the Global Consumer Industries Fund includes large positions with exposure to consumer tech, whether it's Apple or Netflix or Amazon. They have strong growth. They have good visibility of earnings and valuations, so they are core and pillar of the fund.  But Aneta also looks at other opportunities including early cyclicals - companies that will benefit if interest rates come down and when consumers will have more disposable income to spend. 

Recorded on August 21, 2024.

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