Home / Single Stock Portfolios / Global Equity Income

Global Equity Income

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

Strategy Description

In a global investment landscape that features scarcity of income yield in public equities, Global Equity Income aims to generate sustainable and above-average dividend income streams via investments in high quality global 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, Global Equity Income features lower sensitivity (low beta) to the broad global equity indices and its low volatility profile enables strong downside protection. Non-U.S. equities account for 60% of the portfolio.

Portfolio construction is based on quantitative scoring of our global 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 Europe ExposureHong Kong ExposureJapan ExposureUS Exposure and a UK Exposure

PrintFact Sheet

Portfolio Performance

202120222023YTD
Portfolio (%)42.5910.82.28
Annualized ReturnStandard DeviationDividend Yield
Portfolio7.63%9.89%5.3%

Allocation Breakdown

Asset Class


Equity99.48%
Fixed Income0
Commodities0
Cash0.52%

Geo


North America33.54%
Greater Europe38.07%
Asia27.87%

Sector


Financials 14.89%
Industrials
Consumer Discretionary
Real Estate3.33%
Consumer Staples 14.41%
Materials 7.07%
Healthcare18.82%
Utilities7.09%
Technology3.21%
Energy7.58%
Communications23.09%

Top Holdings

Asset ClassWeight (%)
1. PetroChina Co Ltd3.95%
2. Kraft Heinz Co/The3.80%
3. BOC Hong Kong Holdings Ltd3.80%
4. HSBC Holdings PLC3.78%
5. Rio Tinto PLC3.74%
6. Kellanova3.71%
7. TotalEnergies SE3.66%
8. Southern Co/The3.62%
9. China Construction Bank Corp3.55%
10. Tokio Marine Holdings Inc3.55%