Five top stock picks for equity income
By Louise Hill, 23 Oct 17
Mark Peden, co-manager of the £425m Kames Global Equity Income Fund, takes a look back at the hardy perennial stocks that consistently delivered good returns for the fund since its launch five years ago.
It has many of the key attributes he looks for in a stock with a huge global exposure, extensive track record and strong brand to boot.
“It’s been going for more than a century, it operates in 60 countries, has brand strength, product excellence and strong distribution,” Peden said.
“It’s hugely cashflow positive and it is keen to return excess cash to its shareholders.
“It’s a genuine force for good – making little products that help along the way, such as baby oil and band aids, all the way through to life changing drugs in the fields of immunology, neuroscience and oncology.”