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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

Allocation Breakdown

Asset Class


Equity99.48%
Fixed Income0
Commodities0
Cash0.52%

Geo


France20.94%
Germany13.45%
United Kingdom20.6%
Switzerland17.17%
Spain10.14%
Italy7.03%
Other11.67%

Sector


Financials 17.21%
Industrials6.76%
Consumer Discretionary
Real Estate
Consumer Staples 14.08%
Materials 7.15%
Healthcare15.89%
Utilities10.57%
Technology
Energy7.25%
Communications21.08%

Top Holdings

Asset ClassWeight (%)
1. Danone SA3.81%
2. Engie SA3.68%
3. Zurich Insurance Group AG3.68%
4. Deutsche Telekom AG3.67%
5. Orange SA3.64%
6. TotalEnergies SE3.61%
7. Eni SpA3.58%
8. Vodafone Group PLC3.57%
9. Rio Tinto PLC3.56%
10. Koninklijke Ahold Delhaize NV3.55%