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‘UK investors missing global opportunities’

Newton says UK income inv-estors are missing out on international opportunities as it launches its global and Asian income funds run by James Harries and Jason Pidcock.

Aberdeen says it is also considering setting up an Asian income fund, aiming at 4.5 per cent annual income, to be run by Hugh Young.

Newton says 90 per cent of companies with dividend yields greater than 3 per cent are outside the UK and inv-estors are missing out because the UK is no longer the centre of the income universe.

Over the last 10 years, Newton says dividends have bec-ome more international, with companies more focused on capital discipline and responding to shareholder demands by paying regular and increasing dividends.

Harries’ global income fund aims to take advantage of the changing dividend trends by investing in stocks such as Korean Tobacco and Ginseng, projected to yield a dividend of 4 per cent in 2006. Pidcock’s Asian income fund will inv- est in stocks such as Parkway, a Singapore hospital stock yielding 4.6 per cent.

The two funds will aim for at least 4 per cent income a year with capital growth and have a 4 per cent initial charge, discounted to 3 per cent during the initial offer period of November 15-30. AMC is 1.5 per cent and minimum investments is 1,000 or 50 a month.

Harries says: “The yield available on international companies is leading us to construct the global portfolio in such a way that it is very different from the benchmark. The Anglo-Saxon world has had a very good period but our conten-tion is that these will be looked back on as times of plenty.”

Dennehy Weller director Brian Dennehy says: “Sipp inv-estors need a reliable income and it is important that fund managers can trawl across the globe for it. The sheer volume of income opportunities overseas is unprecedented, which is great news for UK investors.”


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