BlackRock funds lose Elite Rating as manager steps down
Yesterday, BlackRock announced that Vincent Devlin, manager of the BlackRock Continental European...
Guinness Global Equity Income has been awarded an Elite Rating. Co-managed by Matthew Page and Dr. Ian Mortimer, it is the first fund from boutique investment house Guinness Asset Management Ltd to gain the accolade.
The fund aims to provide investors with both income and capital appreciation and typically consists of around 35 equally-weighted stocks, which are held for three to five years. This means that investments are very different from the benchmark index. It is currently yielding 2.7%.
Ryan Lightfoot-Brown, research analyst at FundCalibre, commented: “We believe the managers’ focus on first choosing the right companies, rather than filtering by dividend yield, gives them a greater chance of finding hidden stock gems. They look for growing, rather than high, income and the equally-weighted portfolio also sets the fund apart from many of its peers.”