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 I Inc share class

35.60%

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

PRICES AND LITERATURE

Class ISIN Price Currency Price Date Factsheet Datasheet KIID
USD O Inc IE00B4XBVM68 101.59 USD 12/6/2019
EUR O Inc IE00B4XP4D02 88.51 EUR 12/6/2019 -
GBP Inc IE00B50MC376 96.11 GBP 12/6/2019 -
SGD O Inc IE00B6VTV593 109.36 SGD 12/6/2019 -
USD I Inc IE00B60RYK03 116.53 USD 12/6/2019
EUR I Acc IE00BD60ZZ43 109.40 EUR 12/6/2019 -
GBP Acc IE00BJFL8282 115.59 GBP 12/6/2019 -
USD I Acc IE00B8H7RL96 130.82 USD 12/6/2019 -
USD O Acc IE00BG6MV421 118.36 USD 12/6/2019 -
CNH O Inc IE00B4YC7V94 748.27 CNH 12/6/2019 - - -

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
Dealing Calendar
Dealing Calendar-ENG
Memorandum and Articles of Association
Memorandum and Articles of Association-ENG
Dividend Schedule
Dividend Schedule-ENG

DOWNLOAD HISTORICAL PRICES FOR DUE DILLIGENCE

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