The fund is a replica of the existing SICAV, which Investec AM says has outperformed the market and delivered top decile performance since inception. The fund is the latest addition to the UK fund range managed by Investec’s Quality Investment Team.
Global Quality Equity Income aims to generate "sustainable dividend growth and attractive total returns" over the long term. The fund is designed to provide UK investors with a dividend yield in excess of the MSCI All Country World Index although this is not guaranteed.
The strategy is managed by an experienced and global team led by co-managers Blake Hutchins, Clyde Rossouw and Abrie Pretorius.
They us a high conviction portfolio of 30-50 stocks and are cautiously positioned compared to the market. The co-managers select ‘world-leading’ quality companies which are highly cash-generative, invest for future growth and have a proven track-record of paying growing dividends to investors. The fund avoids more capital intensive sectors.
David Aird, managing director, UK Client Group, said: “Given the challenges facing investors in the current climate of low rates and stagnant economic growth, coupled with the financial realities that face an ageing population, investors are increasingly focused on sourcing attractive income streams from their assets whilst minimising risk to the underlying capital.
“We are excited to bring to the UK market the Investec Global Quality Equity Income Fund. A global fund with a proven nine year track record, it aims to deliver a smooth and steady investment journey over the long term, irrespective of market conditions.”