fund
ASI Global Equity Income P1
Dividend-paying worldwide equity fund; fixed interest may also be used.
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95.15p
Price (Inc)
These are the shares in the fund that pay out an income to clients. The income is made up of the total dividends – the money a company can pay out to its investors – from the companies in the fund.
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122.10p
Price (Acc)
These are the shares in the fund that don’t pay out an income to clients. Any dividends – the money a company can pay out to its investors – are reinvested into companies in the fund. Despite no income, the shares should be worth more over time. Good incentive, eh?
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0.00%
Initial chargeSome funds charge you when you first invest, which is aptly known as the initial charge. They’re usually between 3-5% but at Bestinvest, we usually don’t charge you a penny!
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0.75%
Annual management charge
This is how much the fund management company charges to run the fund. It’s like paying a babysitter, dog sitter or house sitter (that makes well-informed, heavily researched changes to improve your baby/dog/house when needed).
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0.92%
Ongoing charges
This stands for Ongoing Charges Figure. It’s the cost of running a fund and includes admin fees, manager fees, administration costs, etc.
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2.30%
Yield
How much the fund is currently paying out in income to investors. It’s NOT to be confused with the overall growth of a fund – a very different thing indeed. It’s also NOT a guarantee of future pay-outs, just a snapshot. This is more what it’s not than what it is…
Fund summary
| Sector | Global Equity Income |
| Structure | OEIC |
| Launched | May, 2012 |
| Size | £123m |
| Yield | 2.30% |
| Charging basis | |
| Dividends paid | 31 Jan, 30 Apr, 31 Jul, 30 Nov |
Charges
| Standard initial charge | 0.00% |
| Initial charge via Bestinvest | 0.00% |
| Additional bid/offer spread | 0.00% |
| Annual management charge | 0.75% |
| Ongoing charges figure | 0.92% |
Allocation
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Investment process
The fund's objective is to provide capital appreciation, investing in an actively managed portfolio. The Fund invests in an actively managed, concentrated portfolio of investments. A substantial part of the portfolio will normally be held in UK equities with the remainder in overseas equities and where appropriate tactical positions will be taken in fixed interest. Aiming to add value through both asset allocation and stock selection, the investment manager will focus assets where the house view identifies the best relative opportunities, with stock selection delegated to a specialist regions.
Manager research
Average monthly relative returns
- 16/17 -0.72%
- 17/18 -0.42%
- 18/19 -0.43%
- 19/20 -0.19%
- 20/21 -0.53%
Bestinvest MRI
- 3 years -0.38%
- 5 years -0.46%
- Career -0.18%
- 3 years 7.50%
- 5 years 2.00%
- Career 21.80%
Performance figures are based on the average of monthly percentage returns relative to the benchmark index.
Kevin Troup
Troup graduated with an MA from Aberdeen University in 1987. After a period working in Australia, he spent five years with Coopers & Lybrand where he qualified as a chartered accountant. He then held positions as Investment Analyst with Scottish Life and Director with Martin Currie Investment Management, before joining Standard Life Investments in 2010 as an Investment Director within the Global Equity team.
Track record
Kevin Troup has 9 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.18%. During the worst period of relative performance (from August 2015 - October 2020) there was a decline of 25% relative to the index. The worst absolute loss has been 17%.
Periods of worst performance
| Absolute | -17.00% (July 2019 - March 2020) |
| Relative | -25.00% (August 2015 - October 2020) |
About the MRI
Our unique indicator: the Bestinvest Manager Record Index (MRI) measures the likelihood that the fund manager is adding value through their decisions. It is based on their performance record over the course of their career, adjusted for the amount of risk taken. MRI is an important contributor to our fund rating system but it is also vital to take account of qualitative factors. It is also very important to select funds to form a cohesive portfolio with an appropriate overall risk level.
Allocation
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Top 10 holdings
Data accurate as at 30 June 2020
| 6.3% | Microsoft Corp |
| 3% | Vonovia Se |
| 2.9% | Taiwan Semiconductor Manufacturing |
| 2.8% | Enel Spa |
| 2.8% | Nestle Sa |
| 2.7% | Astrazeneca Plc |
| 2.6% | Abbvie Inc |
| 2.5% | Equinix Inc |
| 2.4% | Ping An Insurance(Gr)Co Of China |
| 2.3% | Nextera Energy Inc |
| Source: Trustnet |
Sector breakdown
| Information Technology | 18.00% |
| Financials | 14.00% |
| Health Care | 14.00% |
| Industrials | 11.00% |
| Consumer Staples | 10.00% |
| Money Market | 9.00% |
| Real Estate | 7.00% |
| Utilities | 7.00% |
| Communications | 5.00% |
| Materials | 4.00% |