WS T. Bailey UK Responsibly Invested Equity Fund on SThree plc
Thesis
SThree benefited from a recovery in investor appetite for staffing and recruitment companies. The investment case was also supported by capital returns to shareholders. The company continued its share-buyback programme towards the end of August. The fund presents the combination of improving sector appetite and ongoing buybacks as supportive for the shares.
“SThree benefited from a recovery in appetite for staffing and recruitment exposure, alongside supportive capital returns”