Global Dividend Value



Tracking Error 4.0% - 6.0% over a standard market cycle
Excess Return 2.0% - 3.0% over a standard market cycle


Documents & Resources



Investing in high-quality businesses selling at a discount with an opportunity to generate downside protection and risk-adjusted returns over time.

  • High-quality value investment opportunities know no borders. The strategy seeks to invest in dividend-paying companies in the U.S. and around the world selling at a discount to fair value.
  • Fundamental research drives returns. Bottom-up research determines a downside and fair value potential for each security. By focusing on higher-quality companies and understanding their values, we seek to take advantage of pricing opportunities.
  • Actively managed risk-adjusted returns.  We seek to actively rebalance the portfolio to the best risk/return values within our quality universe.  


Investment capabilities are available to institutional clients through separate accounts, sub-advised portfolios and commingled vehicles. Please contact us for availability in your region.



High-quality companies are typically those that exhibit high, stable and sustainable returns on capital, attractive free cash flow generation, low financial leverage, and franchise sustainability.

Sources: MSCI Inc., FactSet

Portfolio managers are not licensed by the Hong Kong Securities and Futures Commission to perform any regulated function in or from Hong Kong. Furthermore, none of the portfolio managers are located in or operate in or from Hong Kong.

Data reflects past performance. Past performance does not guarantee future results. The value of investments may fluctuate. Data assumes reinvestment of dividends and capital gains.

©2021 Standard & Poor's Financial Services LLC. All rights reserved. For intended recipient only. No further distribution and/or reproduction permitted. Standard & Poor's Financial Services LLC ("S&P") does not guarantee the accuracy, adequacy, completeness or availability of any data or information contained herein and is not responsible for any errors or omissions or for the results obtained from the use of such data or information. S&P GIVES NO EXPRESS OR IMPLIED WARRANTIES, INCLUDING, BUT NOT LIMITED TO, ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE IN CONNECTION TO THE DATA OR INFORMATION INCLUDED HEREIN. In no event shall S&P be liable for any direct, indirect, special or consequential damages in connection with recipient's use of such data or information.

Source: MSCI. Morgan Stanley Capital International (MSCI) makes no express or implied warranties or representations and shall have no liability whatsoever with respect to any MSCI data contained herein. The MSCI data may not be further redistributed or used to create indices or financial products. This report is not approved or produced by MSCI.