Hong Kong equity portfolio that offers above-average dividend income and defensive characteristics.
In a global investment landscape that features scarcity of income yield in public equities, HK Equity Income aims to generate sustainable and above-average dividend income streams via investments in high quality HK listed companies.
The portfolio is composed of defensive equities with a heavy tilt towards defensive sectors such as Industrial and Communication Services. As such, HK 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 Hong Kong 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. China Medical System Holdings Ltd||4.85%|
|2. Xinhua Winshare Publishing and Media Co Ltd||4.84%|
|3. WH Group Ltd||4.77%|
|4. PCCW Ltd||4.66%|
|5. Jiangsu Expressway Co Ltd||4.62%|
|6. Qinhuangdao Port Co Ltd||4.53%|
|7. Industrial & Commercial Bank of China Ltd||4.39%|
|8. Shougang Fushan Resources Group Ltd||4.39%|
|9. China Construction Bank Corp||4.38%|
|10. China Tower Corp Ltd||4.38%|