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Sarasin launches global dividend fund
by Robert St George on Jan 13, 2014 at 10:00
Sarasin & Partners has launched a global dividend fund, having also rebranded its global equity income range.
The new Sarasin Global Dividend fund, which already has £31 million of assets under management, targets a dividend yield at least 15% higher than its benchmark MSCI All Countries World index. The fund will also be available in a sterling hedged version.
The £413 million Sarasin International Equity Income fund has also been renamed the Sarasin Global Higher Dividend fund; it targets a yield 50% above the MSCI World index and it currently yields 4.77%.
Mark Whitehead will be lead manager on the funds, with Darryl Lucas as deputy manager.
‘Globally the pool of companies offering progressive dividend policies is growing, opening more investment opportunities for global equity income investors. Extending our range of funds is a natural response to this expanding universe,’ Whitehead (pictured) explained.
The funds will have an annual management fee of 1.5%, with a minimum investment of £1,000.
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