New Capital
Asia Pacific Equity Income Fund

»Tony Jordan

Capturing Asian income and growth

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Uncovering high-yielding opportunities from Asia Pacific

The New Capital Asia Pacific Equity Income Fund aims to produce total returns for investors by owning the region’s highest-yielding shares.

In support of this approach, companies that sit in the top quintile of dividend-paying stocks have consistently and substantially outperformed lower-yielding shares in recent years.

We believe this tends to happen because investors are tempted to pay too much for stocks the market believes have strong growth potential. This is particularly the case in Asia and other emerging markets, so the outperformance gap between high dividend and growth stocks is exaggerated.

In composing the portfolio, we do consider dividend yield as part of our stockpicking but would not buy companies based on that alone. We want to avoid value traps and are careful to look for stocks with the ability to pay sustainable and consistent dividends in the future.

At the same time, we also attach great importance to valuations. At the lower end, if we like a stock because it has a very good yield and great potential, we may well buy it when others consider the timing to be too early.

At the upper end, if a stock we hold gets too expensive, we are likely to sell as the yield retreats to market levels.

Hunting for yield in the Asia Pacific

Tony Jordan, Senior Portfolio Manager, explains why now is the time for investors to move into high-yielding Asia Pacific equities

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Morningstar rating is shown for the New Capital Asia Pacific Equity Income Fund USD Inst Inc share class

43.55%

Cumulative performance is for the USD Inst Inc share class, since inception (14 Nov 2011)
 
  1 Year YTD
Fund
Benchmark
»MONTHLY COMMENTARY
»QUARTERLY WEBINAR

PRICES AND LITERATURE

Class ISIN Price Currency Price Date Factsheet Datasheet KIID
USD Ord Inc IE00B4XBVM68 104.87 USD 8/21/2017
EUR Ord Inc IE00B4XP4D02 97.31 EUR 8/21/2017 -
GBP Ord Inc IE00B50MC376 102.10 GBP 8/21/2017 -
USD/CNY Hedge Ord Inc IE00B4YC7V94 114.77 USD 8/21/2017 -
SGD Ord Inc IE00B6VTV593 114.39 SGD 8/21/2017 -
USD Inst Inc IE00B60RYK03 117.49 USD 8/21/2017
EUR Inst Acc IE00BD60ZZ43 108.29 EUR 8/21/2017 -
GBP Ord Acc IE00BJFL8282 111.93 GBP 8/21/2017 -
USD Inst Acc IE00B8H7RL96 120.51 USD 8/21/2017 -
USD Ord Acc IE00BG6MV421 110.54 USD 8/21/2017 -

DOWNLOAD FUND DOCUMENTS FOR DUE DILIGENCE

Reports & Accounts
Annual Report-ENG
Semi-Annual Report-ENG
Prospectus
Full Prospectus-ENG
How to Invest
Application Form
Shareholder Notice
Shareholder Notice-ENG
HMRC Year End Reporting
HMRC Reporting-ENG
Registration Matrix
Registration Matrix-ENG
Dealing Calendar
Dealing Calendar-ENG
Memorandum and Articles of Association
Memorandum and Articles of Association-ENG

DOWNLOAD HISTORICAL PRICES FOR DUE DILLIGENCE

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