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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

Allocation Breakdown

Asset Class


Equity99.67%
Fixed Income0
Commodities0
Cash0.33%

Geo


America30.12%
Greater Europe35.23%
Developed Asia21.6%
Emerging Asia13.05%
Central/Latin America0

Sector


Financials 10.82%
Industrials
Consumer Discretionary
Real Estate2.92%
Consumer Staples 7.81%
Materials 10.08%
Healthcare30.6%
Utilities7.08%
Technology
Energy3.51%
Communications27.18%

Top Holdings

Asset ClassWeight (%)
1. Merck & Co Inc4.44%
2. Bristol-Myers Squibb Co4.30%
3. AbbVie Inc4.08%
4. Tesco PLC4.07%
5. BHP Group Ltd4.01%
6. Takeda Pharmaceutical Co Ltd3.90%
7. Tokio Marine Holdings Inc3.89%
8. People's Insurance Co Group of China Ltd/The3.73%
9. Novartis AG3.71%
10. Unilever PLC3.71%