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ASI Europe ex UK Income Equity I

Bestinvest LogoTargets a high yield from large and mid cap European (ex UK) equities.

PRICE (INC)

103.4p

PRICE (ACC)

173.9p

INITIAL CHARGE

0%

ANNUAL MANAGEMENT CHARGE

0.75%

ONGOING CHARGE

0.85%

YIELD

3.6%

1 YEAR
-0.80%

Prices as at 10 Aug 2022.

We don’t currently provide commentary on this fund.

Past performance is not an indication of future performance.

Capital at risk.

This fund targets income (target yield is 15% above that of the benchmark) and some capital growth through investment in large and mid-cap continental European equities. Manager Will James forms the core of the portfolio (around 50%) from High Dividend stocks with premium, sustainable yields. He supplements this with around 35% invested in Dividend Growth stocks, with lower yields but fast dividend and capital growth, and a further 15% in Dividend Upgrade stocks, where dividend capacity is significantly underappreciated by the market. The portfolio typically has a slight bias to growth and away from value.

Fund summary

SectorEurope Excluding UK
StructureOEIC
LaunchedApril 2009
Size£495m
Yield3.6%
Charging BasisCapital
Dividends paid31 Jan, 30 Apr, 31 Jul, 31 Oct

Charges

Standard Initial Charge0%
Initial Charge Via BestInvest0%
Additional Bid/Offer Spread0%
Annual Management Charge0.75%
Ongoing Charges Figure0.85%

Investment Process

The fund is run using Standard Life’s "Focus on Change" investment philosophy and largely focuses on stockpicking rather than macro conditions. It feeds off Standard Life’s analysts, who reduce a universe of over 600 stocks to around 100 buy recommendations with the high conviction Winners List of 20 stocks a prominent source of ideas. However, James has a focus on yielding stocks and to this end may invest in some stocks that are not buy rated by the analysts. He splits the portfolio into three types of company: - High Dividend (around 50% of portfolio). Companies that have a good track record of paying a healthy and growing dividend to investors where James feels that this is going to continue. - Dividend Growth (around 35%). Companies delivering rapid dividend growth, where James believes this is sustainable. - Dividend Upgrade (around 15%). Stocks where James believes dividend-paying capacity is mispriced, either because they can surprise with a larger than expected dividend or can avoid an expected dividend cut. Understanding a company’s dividend policy is key, and the team spends a fair amount of its time researching and meeting companies to judge this.

The information on this website is not intended to be advice or a recommendation to buy, sell or hold any investment mentioned. The value of investments and the income from them can go down as well as up and you may not get back the amount invested.

Past performance is not a guide to future performance. View full risk warning