The Trust is now known as the Far Eastern Income and Growth Trust, and while it has no formal target yield, it is expected to be around 3% following the changes to the portfolio.
Jane Andrews has been managing the trust since 1996 and its performance over the past year is shown in the graph.
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It currently has around £25m under management of which the largest proportion, 45%, is invested in the Pacific Basin.
The move is a response to increasing demand for international equity income, and the firm states it has differentiated the fund from its peers which generally do not aim to provide income.
Nick Hodgson, partner, head of marketing and sales, said: “Jane has been finding many interesting opportunities in the region where companies offer the potential for capital growth but are also looking to steadily raise their dividends over the coming years. These companies are especially found in Australia, Hong Kong, Taiwan and Singapore, and can now be considered for inclusion in the portfolio.
