Have you heard of this 100-year-old ASX-listed company?

You rarely find a fund that has been running for over a century, but that is the case with Whitefield (ASX:WHF), a listed investment company that has been trading since the 1920s.

Whitefield invests in industrial companies on the ASX and aims to provide investors with a consistent stream of full-franked dividends and capital growth.

So, how and where will those consistent returns come from in the years ahead?

Angus Gluskie Whitefield's Managing Director believes that knowledge of prior cycles and alertness to changes in the current environment is critical. Gluskie says that rapid digital transformation is creating opportunities now and will continue to present opportunities for decades to come.

"You need to be alert in these periods of technological change as to where the economic growth is going to come from and how different businesses are reacting to that. So I think it's important not to rely purely on the past but to have an eye to how those influences are shaping the future of different businesses."

Gluskie says identifying the companies likely to benefit from the process of change and those with resilient business models is essential for consistent returns. Ventia Services (ASX:VNT) is an example of a company that he believes will benefit from investment in a wide range of essential infrastructure across Australia and New Zealand.

Brambles (ASX:BXB) is another company Gluskie believes is well-positioned in the current environment, given its dominant market position in the supply of pallets.

In this episode of The Pitch, Gluskie outlines the link between inflation and house prices, three companies he believes are well positioned to benefit from a period of change, and two companies that he believes pose elevated risks for investors.

Time codes

0:00 - Intro
0:20 - About Whitefield (ASX:WHF)
1:10 - Investing through periods of rapid change
2:42 - The knock on effects of inflation
3:55 - Ingredients for future success
4:42 - Sectors and stocks that look attractive
6:00 - Two risks worth watching