Sarasin Global Higher Dividend Fund (Class P Acc)

Global Equity Income

Rated Fund 2016-2018. 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, it has maintained a good track record. The fund aims to deliver an income that is 50 per cent higher than that of the MSCI World index. It currently yield 3.4 per cent, compared to 2.4 per cent for the index, and pays a quarterly dividend.Guy Monson and his co-manager Guy Davis aim to identify global trends and the companies most likely to benefit from them. Monson, who had previously run the fund between 2007 and 2012 and returned to its management in mid 2016, pioneered Sarasin's thematic investment approach for global equity portfolios.He believes the best way to identify companies with sustainable earnings growth is to start with companies with sustainable sales growth. The managers do this by looking 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 cash-backed returns. Financial modelling is used to test financial strength. Their rigorous approach to financial durability helps them to uncover winners.

Narrative and ratings content all as of 01 January 2018.

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Name
Sarasin Global Higher Dividend Fund (Class P Acc)
Manager
Sarasin Investment Funds Ltd
Type
Open Ended Investment Company
ISIN
GB00B84ZSV39
Sector
Global Equity Income
Launched
15/10/2012
OCF
0.98 %
Risk Rating
2
3 Year Sharpe
1.26
3 Year Alpha
1.75
Yield
3.5 %
Benchmark
MSCI World NR GBP
The Fund seeks to achieve a long-term capital growth whilst also generating an income yield of at least 50% higher than the MSCI World Index (Net). The Fund predominantly invests globally in shares which satisfy Sarasin's thematic process. Sarasin will pay particular attention to the potential for company profitability, good performance and attractive income levels. Cash and near cash, units in collective investment schemes and other types of transferable securities, money market instruments, warrants and deposits may also be used to generate income or otherwise achieve the objective. The Fund is not constrained by geography, sector or style but manages risk through a variety of theme characteristics. The Fund will not track an index.
Holding %
Pfizer Inc 3.77 %
Bridgestone Corp 3.38 %
Unilever PLC 3.29 %
CME Group Inc Class A 3.20 %
NextEra Energy Inc 3.03 %
Air Products & Chemicals Inc 3.01 %
Total SA 2.92 %
KAR Auction Services Inc 2.91 %
Crown Castle International Corp 2.90 %
BT Group PLC 2.83 %
Region %
United States 45.99 %
United Kingdom 17.82 %
Europe - ex Euro 14.20 %
Eurozone 7.31 %
Sector %
Financial Services 24.59 %
Healthcare 11.36 %
Real Estate 9.64 %
Consumer Defensive 9.55 %
Industrials 8.73 %
Consumer Cyclical 8.39 %
Utilities 7.83 %
Basic materials 5.75 %
Energy 5.68 %
Technology 5.59 %
Name
Sarasin Investment Funds Ltd
Address
EC4M 8BU, London, United Kingdom
UCITS
Yes
Legal Structure
Open Ended Investment Company

Managers

Neil Denman
Joined 07/01/2018

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.

Julian Bishop
Joined 07/01/2018
Guy Monson
Joined 05/14/2016

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.

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