Interactive Investor

ii Super 60 investments:Fidelity Global Dividend

Asset GroupAsset Sub-GroupInvestment Category
EquitiesGlobal equity incomeCore

Selection rationale:

The fund is managed by Dan Roberts, an experienced portfolio manager who has run various dividend mandates over the course of his career. Most were UK-focused, but he has managed this global equity-income fund since inception in 2012.

The investment process combines a quality tilt with a value-conscious mindset. The objective is to generate a yield that is at least 125% of the index while limiting downside risks. After screening the investable universe for potential portfolio candidates, Roberts conducts in-depth bottom-up research, focusing on companies with predictable, consistent cash flows and understandable business models with sound balance sheets. 

The fund’s quality growth bias has resulted in strong performance since launch compared to both the benchmark and Global Equity Income peers. The fund typically outperforms strongly during periods of market weakness, while keeping up in rising markets too. From an income perspective the fund's yield has been in a range of 3.1% to 3.3% over the last three years.

Opinion
Roberts is an experienced investor and transitioned his tried-and-tested investment approach from UK Equity Income mandates very successfully to this global mandate.

While performance since launch has been very strong, investors need to be mindful of the fact that the fund has benefited strongly from the quality growth tailwind for most of the period since launch.

June 2021

Risk warnings

Past performance of the underlying constituents is not a guarantee of future performance. The value of investments, and any income from them, can fall as well as rise so you could get back less than you invest. 

Annual performance can be found on the factsheet of each fund, trust or ETF. Simply click on the asset’s name and then the performance tab. 

The information we provide in the ii Super 60 investments list is an opinion provided by ii or one of its partners on whether to buy a specific investment. Please note that none of the opinions we provide are a “personal recommendation”, which means that we have not assessed your investing knowledge and experience, your financial situation or your investment objectives. Therefore you should ensure that any investment decisions you make are suitable for your personal circumstances.

If you are unsure about the suitability of a particular investment or think that you need a personal recommendation, you should speak to a suitably qualified financial advisor. 

Any changes to the ii Super 60 investments list and the rationale behind those decisions will be communicated through the Quarterly Investment Outlook.

Details of all recommendations issued by ii during the previous 12 month period can be found here.

ii adheres to a strict code of conduct. Members of ii staff may hold shares in companies mentioned in the ii Super 60 investments list, which could create a conflict of interest. Any member of staff intending to complete some research about any financial instrument in which they have an interest are required to disclose such interest to ii. We will at all times consider whether such interest impairs the objectivity of the recommendation.

In addition, staff involved in the production of this ii Super 60 list are subject to a personal account dealing restriction. This prevents them from placing a transaction in the specified instrument(s) for five working days before and after an investment is included or amended and made public within the list. This is to avoid personal interests conflicting with the interests of the recipients of this ii Super 60 investments list.