Clay says that over the past 15 years this strategy has been run, it has averaged a yield of around 4 per cent – indicating it is a sustainable dividend income for companies to pay.
He also says the robustness of the philosophy has been highlighted by the Covid pandemic, indicating that they did not invest in many of the companies that cut their dividends, such as banks.
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This fund is still in its early stages, but the experience and long-term track record of the strategy give us full confidence that this offering will become one of the major players in the global equity income sector in the years to come.
Darius McDermott is managing director of FundCalibre
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