Under the hood of the consumer economy

Magellan has long invested in the consumer sector, the largest part of the economy, with a focus on luxury companies, consumer discretionary and consumer staples. Portfolio Manager and Analyst Hannah Dickinson discusses the current consumer sentiment, which is showing signs of stabilisation despite a dip in discretionary spending during the 2024 election period. She also examines the impact of Trump’s policies on consumer companies and identifies opportunities in the sector, highlighting the importance of companies with strong pricing power to navigate these complexities.