Aberdeen Standard Investments launches Global Dynamic Dividend Fund in Singapore and Hong Kong
Aberdeen Standard Investments (ASI) has announced that it has launched the Aberdeen Standard SICAV I – Global Dynamic Dividend Fund.
The Fund will invest in a range of stocks across developed and emerging markets, aiming to deliver both a premium, monthly income stream as well as potential capital returns, the firm said in a press release.
Managed by ASI’s Global Equities team, the Fund invests in a portfolio of 80-100 stocks worldwide, diversified across sectors and geographies, with a bottom-up, ESG-embedded investment strategy.
The Fund seeks to deliver a premium dividend income whether markets rise or fall, allowing investors to get paid to wait in a challenging market environment and benefit from potential capital appreciation when the markets recover.
In addition to analysing companies’ fundamental strengths, the investment team harvests diversified sources of income by screening the global universe of dividend-paying stocks. To enhance portfolio yield, the Fund combines long-term investment in companies paying regular dividends with tactical trades in stocks paying special and regular dividends. It invests in value and growth stocks to maintain a balanced, diversified profile.
Leveraging global expertise and local insights, ASI’s Global Equities team of 140+ equity professionals across 14 markets has a long track record of delivering superior outcomes for a range of equity income strategies.
Josh Duitz, Senior Vice President – Global Equities, Aberdeen Standard Investments, said: “Investors today need equity income more than ever, with a staggering 15 trillion dollars in bonds globally providing negative yields. During this prolonged period of market volatility, the strategy provides a unique solution blending income and growth opportunities, aiming to help investors to diversify and capture market upside while getting paid to wait for markets to recover when they are falling.”
Ben Sheehan, Senior Equities Investment Specialist – Asia Pacific, Aberdeen Standard Investments, said: “Global equities have a long history of strong dividend growth. Despite the headlines of dividend cuts or delays given the impact of the coronavirus pandemic , there remains a huge global universe of stocks that continue to pay out. With low correlation to other income-yielding asset classes, equity income is a great diversifier for investment portfolios. The global demographic shift of ageing societies has exacerbated investors’ search for yield to fund their retirements, and this trend is particularly prevalent in Asia.”
The Luxembourg-domiciled Fund has been registered for sale to professional and retail investors in Singapore and Hong Kong.