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Europe Equity Income

Large cap European equity portfolio that offers above-average dividend income and defensive characteristics.

Strategy Description

In a European investment landscape that features scarcity of income yield in public equities, Europe Equity Income aims to generate sustainable and above-average dividend income streams via investments in high quality European companies. 

The portfolio is composed of large-cap defensive equities with a heavy tilt towards defensive sectors such as Healthcare and Communication Services. As such, Europe Equity Income features lower sensitivity (low beta) to the broad global equity indices and its low volatility profile enables strong downside protection. 

Portfolio construction is based on quantitative scoring of our European equity universe with a focus on Value, Quality, Safety, Payout, Technical and Sentiment metrics, as well as ESG traits. In particular, the Quality and Safety metrics ensure that stock selection is geared towards low-risk companies that exhibit high levels of profitability and low financial leverage.

This strategy can also be accessed in a Global ExposureHong Kong ExposureUS ExposureJapan Exposure and a UK Exposure

PrintFact Sheet

Portfolio Performance

2022YTD
Portfolio (%)-0.613.71
Annualized ReturnStandard DeviationDividend Yield
Portfolio11.98%11.8%5.3%

Allocation Breakdown

Asset Class


Equity99.51%
Fixed Income0
Commodities0
Cash0.49%

Geo


France22.06%
Germany18.6%
United Kingdom14.67%
Switzerland14.74%
Spain11.11%
Italy7.67%
Other11.15%

Sector


Financials 11.48%
Industrials8.44%
Consumer Discretionary
Real Estate
Consumer Staples 11.03%
Materials 7.98%
Healthcare21.61%
Utilities11.36%
Technology3.5%
Energy7.22%
Communications17.4%

Top Holdings

Asset ClassWeight (%)
1. Cie de Saint-Gobain4.30%
2. DHL Group4.10%
3. Holcim Ltd4.02%
4. Rio Tinto PLC3.92%
5. Assicurazioni Generali SpA3.89%
6. Endesa SA3.85%
7. Fresenius SE & Co KGaA3.85%
8. Allianz SE3.84%
9. Engie SA3.80%
10. Koninklijke Ahold Delhaize NV3.74%