Commentaries

12 August 2020

Emmanuel Hauptmann

In a context of weak USD and rising global Equities, global Income stocks lagged broad Equity markets. The RAM (Lux) Systematic Funds - Global Sustainable Income Equities Fund ended the month up 3.15%, close to in-line with the MSCI World High Dividend Yield TR Index. Strong selection in high dividend and buyback-paying Financials and IT stocks and an underweight on the lagging Energy sector were offset by the negative impact of being underweight high income Consumer Staples names in US and Switzerland. The underweight on US Equities, continuing their winning streak versus Global Equities also contributed negatively to the fund’s relative performance.
The fund currently identifies attractive income picks in the US Financial and IT sectors, as well as amongst Asian Industrial companies.

Source: RAM Active Investments.