Fund of the week: scouring the globe for income

This fund gets its dividend stream from a diverse portfolio of global equities, and so avoids the danger of becoming over-concentrated.

"You never know what's going to add value. To limit yourself to relatively broad country or asset weightings is restrictive," Sarasin & Partners' chief investment officer Guy Monson tells Gary Shepherd of Portfolio Adviser. "I try to monitor many different indicators".

This open-minded view seems to work for the Sarasin International Equity Income Fund. Launched in May 2006, over the three years to 31 May, the £91m fund was down 1.7%, compared with an 8.8% fall in the MSCI World ex-UK index. The fund gets its dividend stream from a diverse portfolio of global equities, co-manager Mark Whitehead tells James Kenny of FTfm. As such it avoids becoming too concentrated, a trap that has ensnared many UK equity income funds.

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