Threadneedle aims to profit from global income culture

Asian and emerging markets have been a key driver of performance for the Threadneedle Global Equity Income fund since its 2007 launch, as the Western dividend culture spreads into the developing world.

Manager Stephen Thornber said the fund has a truly global remit that allows him to go into any market in search of high-quality companies paying a sustainable dividend. “The income culture, which was really created in the UK, has spread first to Europe and now more globally so there is an attractive pool of companies paying high incomes, and that is what the fund seeks to exploit,” he said. The £28m fund sits in the IMA Global Growth sector, where it has delivered top-quartile returns over one and three years. Over three years to 24 October, the portfolio returned 12.1% against a sect...