{"content":[{"text":"uncertainty that has hung over many sectors and companies is still limiting short-term visibility. In turn \n this will drive elevated profit warnings, both positive and negative as the year progresses. \n In this context we anticipate heightened volatility at the individual stock level. However, we believe that \n volatility, while creating some challenges, will provide an attractive environment for long-term investors \n to back quality companies with attractive, sustainable income streams and long-term structural capital \n growth at reasonable valuations across the market cap spectrum. Across the UK equity income sector, \n we believe that there are likely to be compelling diversified, robust, and resilient income generating \n opportunities, that we are well positioned to uncover, appraise and deploy capital into. The economic \n environment and lingering COVID-19 discontinuity will provide agile smaller businesses with strong \n management teams the opportunity to take market share and build strong long-term franchises. \n We continue to believe that over the long term, our fundamental focused investment style has the \n potential to outperform. The Fund will maintain its focus on building a high conviction portfolio of less \n cyclical, high-quality businesses with stable and growing earnings streams, good cash flows and \n dividends. We believe these businesses can deliver strong returns through the market cycle regardless \n of the performance of the wider economy.","bbox":{"left":0.120935,"top":0.116281,"width":0.76262,"height":0.22164599999999998}},{"text":"02","bbox":{"left":0.862147,"top":0.928315,"width":0.018567,"height":0.01628799999999997}}],"images_bbox":[{"left":0.088908,"top":0.044653,"width":0.236299,"height":0.064724}],"images_bbox_not_text_overlap":[{"left":0.088908,"top":0.044653,"width":0.236299,"height":0.064724}]}