Investec adds Global Dividend offering to equity income push

The fund, launched last week and seeded with £10m, aims to beat the dividend yield of its benchmark, the MSCI World, and to deliver a total return between 3% and 5% per annum. It currently yields 3.7% versus the index yield of 2.4%.  The team has narrowed down the global equity universe of 6,000 stocks to just 50 using an approach which screens strategy, valuation, earnings, and technical factors and uses extra dividend screens to find high-yielding stocks.  Parker (pictured) divides the stocks into three baskets: undervalued stocks, including cash generators such as Direct Line and B...