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At a glance
MSCI Asia Pacific ex Japan
Fund launch date
6 April 1999
Typical number of holdings
George Gosden (since January 2013)
Key reasons to invest
1. Attractive dividend yield:
2. Diversified sources of income:
The team invests in high-quality companies across the Asia Pacific region ex Japan to create a well-diversified portfolio spread by country and sector.
3. Dividend surprise:
Philosophy and approach
A clearly defined and repeatable investment process
Bottom-up stock selection is the main driver of the investment process. We overlay fundamental, quantitative and Environmental, Social & Governance (ESG) screens to continually evaluate and direct our focus to companies with characteristics that fit with our investment philosophy.
We focus on franchises with sustainable business models, returns focused management, attractive valuation given growth prospects, scope for earnings surprise, sustainable dividends and potential for dividend surprise, whilst considering underperforming franchises only with clear catalysts for change.
Evaluating companies in this way – analysing multiple sources of excess returns – is a more effective than any single approach because it yields a more comprehensive understanding of factors that drive performance.
Meet the Fund Manager
Our investment approach seeks to maximize total return through a focus on both capital appreciation and income. We believe companies that can demonstrate a sustainable income whilst exhibiting the potential to grow dividends are best placed to take advantage of the maturing approach to capital distribution within Asia. We combine this with dividend surprise for additional excess returns – exposing the potential for an unanticipated change in dividend policy. We believe this approach will reap the benefits of Asia’s evolving demographics, as these are likely to result in continuing domestic interest in companies that can pay sustainable, growing dividends over time.
George Gosden joined the company in 2010 as a senior portfolio manager. He is the Deputy Head of the Asia ex-Japan Equities team and has research responsibility for India. He is also the lead portfolio manager for the Threadneedle (Lux) Asian Equity Income and a number of institutional portfolios.
Before joining the company, George was a director at Insight Investment, where he managed retail and institutional strategies for the Asian and international equity teams. He previously managed Asian equities at Clerical Medical and Equitable Life.
George has MA in economic development and international trade and a BA in economics from the University of Nottingham.
Past performance of the fund and its manager and any forecasts or information on the economic trends are not necessarily indicative of the future or likely performance of the fund or its manager or
The research and analysis included in this document has been produced by Columbia Threadneedle Investments for its own investment management activities, may have been acted upon prior to publication and is made available here incidentally. Any opinions expressed are made as at the date of publication but are subject to change without notice and should not be seen as investment advice. Information obtained from external sources is believed to be reliable, but its accuracy or completeness cannot be guaranteed. This document includes forward-looking statements, including projections of future economic and financial conditions. None of Columbia Threadneedle Investments, its directors, officers or employees make any representation, warranty, guaranty, or other assurance that any of these forward-looking statements will prove to be accurate. The mention of any specific shares or bonds should not be taken as a recommendation to deal.
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