Investec Asset Management has launched its Global Quality Equity Income fund for UK investors.
The fund, already available as a Sicav, will be managed by the firm’s quality investment team led by co-managers Blake Hutchins, Clyde Rossouw and Abrie Pretorius.
The portfolio, which is made of 30 to 50 stocks, selects highly cash-generative quality companies able to pay growing dividends.
Since launch in 2007, the Sicav fund has delivered 5.9 per cent annually versus 2.7 per cent for the MSCI World index, according to Morningstar.
Investec Asset Management UK client group managing director David Aird says: “Given the challenges facing investors in the current climate of low rates and stagnant economic growth, coupled with the financial realities that face an aging population, investors are increasingly focused on sourcing attractive income streams from their assets whilst minimising risk to the underlying capital.
“By investing in quality companies with an ability to grow cash flows, whilst avoiding capital intensive sectors such as utilities and natural resources, which are often favoured by other equity income products, the fund looks to provide lower volatility returns over the long term – something close to the hearts of our clients in today’s uncertain world.”
The fund has an annual charge of 1.5 per cent with a minimum investment of £1,000.