Pictet launches the Pictet-Emerging Markets High Dividend Fund
| 23 May 2012 |
Pictet Asset Management, the asset management arm of the Swiss private bank Pictet & Cie, announced today in London the launch of the Pictet-Emerging Markets High Dividend fund on the 7th June 2012. The fund focuses on emerging market companies that offer high and sustainable dividends. The aim of the fund is to provide a return through dividend income and capital appreciation.
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The fund is managed by Mark Boulton and Stephen Burrows, who each have over 20 years investment experience. Pictet has managed an Emerging Markets High Dividend fund for Japanese investors since 2007 (AUM of USD3.6 billion at end of April 2012).
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‘Most investors associate emerging markets with growth rather than income,’ says Stephen Burrows. ’But the situation has changed and you can now also get an attractive level of income from emerging markets. A growing number of emerging markets companies provide sustainable and growing levels of dividend. In the current environment, the fund gives investors another source of income, with the added bonus of the long-term growth potential of emerging markets and possible gains from rising currencies.’
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The investment process has a value bias and aims to exploit investment opportunities in the emerging markets high dividend yield universe. ‘We use a dividend sustainability score and fundamental analysis to help us to select those stocks with high and sustainable dividends and to avoid those stocks where the yield is not sustainable or where the company has a weak outlook ‘, says Mark Boulton. |
