, which is always an interesting time as a portfolio manager. It’s an opportunity to hear directly from company management about what is happening on the ground and how that is impacting their business.This is a particularly exciting time for a fundamental stock picker, particularly in the current environment where news flow has beenAnalysing macroeconomic data and assessing the potential impact on the direction of fiscal and monetary policy is crucial for setting the scene for investing.
However, as we have seen over the past year with a large divergence in growth stock performances, some stocks can still significantly outperform in a rising rate environment. The market has rewarded WiseTech as it has continued to deliver robust earnings growth from its core business Cargowise, as well as making two strategically significant acquisitions which will broaden its product range, and, importantly, strengthen its sustainable competitive advantageThis has given the market more confidence that it can continue to deliver strong earnings growth for many years to come.