This is a new fund launched on 6th September. Will James previously managed the ASI Europe ex UK Income Equity Fund from launch in April 2009 to December 2020. He joined Premier as he felt he had more freedom and latitude. He also has access to information from the European equities team, the UK income team and specialist income strategy team, which provides him with a rich source of ideas across the European market.
He sees responsible investing as ensuring that capital is allocated to the right type of companies.
The aim is to drive growth from income and capital. His philosophy focuses on four areas:
1. Bottom up, long term focus
2. Understanding a company’s capital allocation policy
3. Focusing on the downside risks as well as the upside potential
4. Understanding how dividends form part of the overall return
Dividends fall into three areas: growth (compounding of growing dividends), inflection (changing capital allocation priorities but cash generative), and delivery (more mature dividend payers with less growth potential). This delivers a style agnostic portfolio…..read more