The global equity income strategy is a global long term long only strategy focused on protecting and growing the real value of clients’ capital and delivering a yield over our investment horizon of 3-5 years.
The strategy utilises themes to help identify industries and companies that are well positioned to benefit from medium term growth regardless of where they are located. These investment candidates are then subject to rigorous bottom up analysis culminating in detailed absolute valuations and an assessment of the level and sustainability of dividend yield.
The portfolio is then constructed by investing in between 25 and 40 of these companies, with investments in an individual holding only being made when we expect an annualised total return of at least 15%.
The cornerstone of this total return is derived from the dividend yield.
- High and sustainable equity yield
- Real Return mindset - Capital preservation and growth
- Combine the top-down with the bottom-up: the use of context and high conviction themes with proprietary research and valuation
- Global unconstrained approach coupled with high conviction (25-40 stocks)
- Aiming for lower volatility than broad global equity indices incorporating elements of protection
- Long holding periods and low turnover
- Expect to outperform MSCI World (3-5 year rolling periods)