The company is doubling its global equity income range to comprise four funds with two vehicles aimed at providing a total return approach to global dividend investing.
Lead manager of the two new funds is Mark Whitehead, who is the existing manager for the global dividends funds. He is supported by current deputy manager Darryl Lucas.
“Globally the pool of companies offering progressive dividend policies is growing, opening more investment opportunities for global equity income investors,” Whitehead said.
Two Newcomers
Sarasin Global Dividend Fund aims to achieve long-term capital growth, while also generating a premium income of at least 15% to the benchmark (MSCI All Countries World Index).
Sarasin Global Dividend Fund (sterling hedged) will be a mirror of the above, with the currency risk for sterling investors being hedged.
The new funds complement the existing, but renamed, Global Higher Dividend funds, which are focused on the delivery of consistently high levels of dividend income, over the longer term.
Renamed Funds
In addition to launching the new funds, Sarasin has also renamed two of its existing dividend funds.
Sarasin Global Higher Dividend Fund, previously Sarasin International Equity Income Fund, has been renamed to more accurately reflect its objective to achieve a consistent level of income, in addition to long-term capital appreciation.
“In spite of their strong gains in 2013, global equities remain one of the most attractive engine rooms of cash flow generation, as they benefit from new technologies, a recovery in international growth and lower real input costs,” Guy Monson, managing partner and CIO at Sarasin & Partners, commented.
The fund, launched in 2006, will continue to focus on generating an income premium of over 50% to the benchmark (MSCI World Index).
Sarasin Global Higher Dividend Fund (sterling hedged) was previously known as Sarasin Global Equity Income (sterling hedged), and is a mirror of its Global Higher Dividend fund peer.
