66. Kentucky. There’s more to it than just fried chicken

Mark Sherlock, lead portfolio manager of the Hermes US SMID Equity fund, and his colleague Steve Chiavarone, discuss ditching oil-related companies and shopping malls and reinvesting in tech. They also talk about the possibility of the US bringing manufacturing home - and how smaller companies could be a big part of reconfigured supply chains… With one of lowest tax rates in the world, an educated workforce and plenty of room, is Oklahoma the place to be in the ‘twenties’?
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Hermes US SMID Equity invests in US small and medium-sized (SMID) companies. Lead manager Mark Sherlock, and co-manager Michael Russell, look for quality businesses with minimum debt, in industries with barriers to entry or that provide products or services that cannot easily be replicated. This is done with the help of an in-house tool that tests investment rationale for companies, even in difficult environments.

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