WS T. Bailey UK Responsibly Invested Equity Fund on SThree plc
Thesis
SThree benefited from a recovery in investor appetite for staffing and recruitment exposure during August. The fund also highlighted supportive capital returns, with the company continuing its share buyback programme toward month end. The investment case presented in the update therefore combines improving sentiment toward staffing and recruitment with direct shareholder returns through buybacks. The holding sits within the fund's high-conviction portfolio of financially robust UK businesses.
“SThree benefited from a recovery in appetite for staffing and recruitment exposure, alongside supportive capital returns”