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Fidelity launches Asian Dividend fund for Kwan

Fidelity Worldwide Investment has unveiled a fund dedicated to Asian dividends for portfolio manager Polly Kwan.

The Fidelity Asian Dividend fund looks to achieve a sustainable yield of around 10 per cent over the MSCI Asia-Pacific ex Japan Index, resulting in an expected yield of approximately 3.4 per cent.

The fund will pay quarterly dividends and carries an annual management charge of 0.75 per cent on its clean share class and 1.5 per cent for the bundled share class.   

Kwan has managed the £213.1m Fidelity Funds Asia Pacific Dividend fund since 2010. 

It is ranked first quartile over one and three years to 14 August and third quartile over five years.

Kwan says: “I aim to benefit from the region’s attractive selection of stable dividend-paying multinational companies and stocks that have good dividend growth prospects. 

“In constructing a portfolio with a combination of the two, I seek to deliver long-term total returns with less volatility than other strategies exposed to the Asian growth story.”

Charles Stanley head of investment research Ben Yearsley says: “Income and dividends are becoming a truly global marketplace. 

“Asia is an interesting long-term area that is increasingly popular as evidence shows consistency and an effort to grow dividends over the long term.”

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