Large cap European equity portfolio that offers above-average dividend income and defensive characteristics.
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.
|Asset Class||Weight (%)|
|1. Danone SA||3.81%|
|2. Engie SA||3.68%|
|3. Zurich Insurance Group AG||3.68%|
|4. Deutsche Telekom AG||3.67%|
|5. Orange SA||3.64%|
|6. TotalEnergies SE||3.61%|
|7. Eni SpA||3.58%|
|8. Vodafone Group PLC||3.57%|
|9. Rio Tinto PLC||3.56%|
|10. Koninklijke Ahold Delhaize NV||3.55%|