Sarasin Global Higher Dividend Fund (Class P Acc)
Global Equity Income
Rated Fund 2016-19. Invests in long-term themes
Sarasin Global Higher Dividend was highly commended in the Global Equity Income Fund category in the 2017 Money Observer awards, having won the title of Best Large Global Equity Income fund in both 2014 and 2015.
Despite several manager changes in recent years, including 2018, the fund has consistently beaten the global equity income sector average. The fund aims to deliver an income that is 50% higher than that of the MSCI World index. It is currently falling a little short of this with a yield of 3.1% versus a target 3.8%. Dividends are paid quarterly.
Manager Guy Monson, who had previously run the fund between 2007 and 2012 and returned to its management in 2016, pioneered Sarasin’s thematic investment approach for global equity portfolios. He aims to identify global trends and the companies most likely to benefit from them.
Neil Denman joined Monson as co-manager in mid 2018, with Julian Bishop being named assistant manager at the same time.
Their starting point in identifying companies with sustainable earnings growth is sustainable sales growth. They look at long-term trends, such as the consequences of ageing or the inevitable consequences of diet change. These trends may be affected at the margin by the economic cycle, but they will not be derailed by it because they represent secular rather than cyclical growth.
The managers then employ corporate themes to distinguish the company traits most likely to lead to consistent and improving returns. Financial modelling is used to test financial strength and build a more in-depth picture of a company’s financial health. They believe that this rigorous approach to financial durability helps them to uncover winners.
Narrative and ratings content all as of 01 January 2019.See all Money Observer rated funds
|Pfizer Inc||3.51 %|
|Bridgestone Corp||3.27 %|
|Air Products & Chemicals Inc||3.21 %|
|Unilever PLC||3.17 %|
|CME Group Inc Class A||3.10 %|
|Enel SpA||3.08 %|
|NextEra Energy Inc||3.07 %|
|Crown Castle International Corp||3.02 %|
|Texas Instruments Inc||2.98 %|
|Total SA||2.93 %|
|United States||45.40 %|
|United Kingdom||17.47 %|
|Europe - ex Euro||14.56 %|
|Financial Services||24.83 %|
|Real Estate||9.80 %|
|Consumer Defensive||9.53 %|
|Consumer Cyclical||8.12 %|
|Basic materials||5.93 %|
Neil joined Polar Capital in October 2010 as a fund manager. Prior to joining Polar Capital, Neil spent 2 years at AXA Framlington, where he was a portfolio manager within the Emerging Markets team. Previously he worked at Hexam Capital Partners from 2006 until 2008 as co-manager of the Global Resources Absolute Return Fund. Between 2004 and 2006 he was UK Investment Analyst at Baring Asset Management. Neil began his career as a graduate trainee at Framlington, between 2001 and 2004, having graduated from Leeds University with a degree in Environmental Biogeoscience.
Guy is portfolio manager focusing on global equities. He co-manages Sarasin’s global equity income strategies for institutional and retail clients. Guy has over 30 years of investment experience and joined the company in 1984. In 1988 he became manager of Sarasin's flagship GlobalSar family of balanced investment funds, winning awards for investment performance and risk profile. Guy has pioneered the use of thematic investment in the management of global equity portfolios and today manages the Sarasin Global Opportunities fund as well as leading the firm’s investment strategy. Guy writes regularly in the international financial press and appears on Bloomberg and other financial channels. Among other responsibilities he is a Trustee of the Invictus Games Foundation, and Chatsworth House, and is a member of the London School of Economics Ideas Board.
Data provided by Morningstar.
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