Payden & Rygel launches Global Equity Income UCITS fund

Seeded with $44m

Payden & Rygel has unveiled its Global Equity Income fund, which applies the group's heritage in fixed income investing to the analysis of equities.

The group has been running equity income portfolios for nearly seven years, focused on building portfolios with above average yields, lower volatility and superior risk-adjusted returns. Its new Global Equity Income fund will follow the same investment process as the group's existing US equity income strategy by capitalizing on the firm's approach to cashflow analysis. The fund will invest in areas beyond common shares such as REITs and Master Limited Partnerships, while overlaying macroeconomic views onto a bottom-up approach to company selection. Focused on value investment in la...