Bestinvest says
Mike Kerley took over New Star Pacific Growth fund in November 2009 and it has been revamped into Henderson Asian Dividend Income to suit Kerley's style and investment approach. The fund is almost identical to the Henderson HF Asian Dividend Income Luxembourg SICAV. Kerley has a flexible investment approach to yield, allowing him to move between high yield and dividend growth stocks depending on the market cycle position, and is aware of stock valuations at all times. The fund is underweight Australia and NZ focussing on income from faster growing Asian countries. As investors turn to Asia for income, we believe this strategy is likely to continue to perform well.
An income focused fund providing exposure to Asian equities. The fund is income focused but is managed with a "total return" mindset. While focusing on income, the fund manager also looks to participate in capital growth. The fund's target yield is 1% above the market.
The fund manager selects good quality Asian companies that are either high yielding or are able to grow their dividends over time. The manager chooses his stocks on the basis of valuations and is aware at all times what the companies he is holding are worth.
Up to 7% of fund may be used to invest in derivatives that provide income enhancement.