IdB Equity Income Fund
Fund Information
| Investment type |
European equities |
| Domicile |
The Netherlands |
| Currency |
EUR |
| Initial charge |
max. 3% |
| Annual management fee |
1% |
| Performance fee |
15% |
| Dilution levy for subscription |
+0.35% |
| Dilution levy for redemption |
-0.20% |
| Listing |
Amsterdam |
| Dividend |
yes |
| Distributed in |
the Netherlands and the United Kingdom |
| Pricing |
daily |
| Dilution levy for subscription |
+0.35% |
The Insinger de Beaufort Equity Income Fund is a European equity fund that invests primarily in equities, of which the expected return consists mainly of dividends. The return of the fund, therefore is more stable than that of a normal equity fund. This stability of the return makes the fund particularly suitable for investors who are looking for an annual revenue stream to complement their existing income.
Most of the capital of the fund is invested in quality European stocks, with a high dividend yield, although it can incidentally invest in stocks of other continents and in other asset classes. A small part of the fund is currently invested in high yield bonds.
Introduction
The total return on an equity is a function of its capital appreciation and dividend return. Capital appreciation depends mostly on an investors' perception of a company's profits. Since this perception cannot always be accurate and is suspectible to the emotions of investors, capital appreciation can be very volatile.
The dividend return of an equity is much more stable and predictable. As a result, over the long term high yielding equities have offered a risk-return relationship which exceeds that of the overall equity market and have a reduced risk of large draw-downs.
Investment Philosophy
The Insinger de Beaufort Equity Income Fund is a Dutch listed mutual fund that invests primarily in continental European equities.
As a result, most of the capital of the fund tends to be invested in defensive, high quality, cash-generative large cap stocks that have a generous dividend policy. The fund also looks for more growth-oriented stocks of which the dividend pay-out is expected to grow. The fund is also allowed to invest outside of continental Europe, but only on a selective basis. Furthermore, the fund may allocate a portion of its capital to fixed income products (including convertibles and high yield bonds) if this in the opinion of the manager contributes to the goal of the fund of generating above average absolute returns. To this effect, the fund can also raise cash and hedge its exposure using derivatives.
Available downloads
Annual Reports
Note 1: the annual reports are part of the prospectus
Note 2: the annual report 2004 and the semi annual reports are only available in dutch
IdB MM European Equity N.V.
As per the 30th Decemberl 2005 IdB MM European Equity N.V.[ has merged with IdB Equity Income Fund. For the semi and semi annual reports of IdB MM European Equity N.V. please see the links bellow:
Disclaimer
Important information: This information has been prepared by Insinger de Beaufort Asset Management N.V. on the basis of publicly available information, internally developed data and other sources believed to be reliable. Whilst all reasonable care has been taken to ensure that the facts stated are accurate and the opinions are fair and reasonable, neither Insinger de Beaufort Asset Management N.V., nor any director or employee, shall in any way be responsible for any reliance placed on its contents. Past performance is not necessarily a guide to future performance. The value of investments and the income from them can fall as well as rise and is not guaranteed.
