The Global Optimum Income fund, set to launch on 10 September 2018, will have two sources of income – dividend income from an actively managed portfolio of global stocks and income from a call option overlay strategy.
Robbins (pictured) will be in charge of the equity portfolio, while Geoff Kirk will oversee the call option overlay. The fund will target a yield of circa 6% per annum.
The portfolio of stocks will mirror the Premier Global Alpha Growth fund, which Robbins has managed since 2011. Its top 10 includes US banks JPMorgan Chase & Co and Bank of America, credit card giant Visa and Minnesota healthcare group UnitedHealth. The majority of the fund (45.6%) is invested in North American equities.
In March, Robbins told Portfolio Adviser he was allocating to defensive names due to a period of underperformance and uncertainty surrounding a potential US trade war.
Since taking the reins of the Global Alpha Growth fund, Robbins has delivered returns of 160.02% against the IA Global sector’s 116.36%.
Year-to-date the fund is trailing the IA Global sector average 5.98% with its returns of 4.30%.
Commenting on the launch, Premier AM sales director Mike Hammond said there is strong demand for income-producing funds. Hammond said the Premier Global Optimum Income fund draws on Premier’s strong track record in global equities and its specialist capability in covered call options.
“We believe the fund’s clear, high and consistent yield target, combined with a global equity focus and proven fund managers, offers a very attractive source of high yield for income-seeking investors.”
