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Australia Equity Income

A diversified portfolio, optimised for alpha

Australia Equity Income

A ‘sufficient income for life’

Overview

The Martin Currie Australia (MCA) Equity Income strategy invests in a diversified portfolio of ASX-listed equities.

We aim to meet the income needs of investors by providing a consistent and growing income stream through an actively managed selection of high-quality companies, favouring those that are highly franked dividend payers.

This approach results in a portfolio distinct from traditional equity portfolios and income-focused strategies.

Key Pillars of the Strategy

300

Proprietary multi-lensed research by an experienced team

The MCA team has over 40 years of experience investing in Australian equities and listed Real Assets using a disciplined and repeatable multi-lensed investment approach.

54988

A ‘sufficient income for life’ focus

Our unique approach aligns with the income needs of retirees, targeting a high and stable franked dollar income stream, income growth, capital growth and diversification.

54985

Optimised portfolio construction for income-focused returns

Our benchmark unaware portfolio is constructed to minimise concentration risks, income shocks and capital impairment.

300

Fully integrated fundamental Active Ownership approach

Responsibility for Active Ownership lies directly with the research analysts and portfolio managers responsible for making investment decisions.

We believe that our long-term track record in income generation through varied market cycles demonstrates our ability to deliver stable and dependable returns to investors seeking income-oriented strategies.

Key Information

To provide an after-tax yield above the S&P/ASX 200 Index yield and to provide income stream growth above inflation

Portfolio characteristics Australia Equity Income
Objective Income
Asset Class Equities
Style Income / Quality
Investable Universe Australian listed securities
Benchmark Benchmark unaware
Market capitalisation All cap
Country limit N/A
Sector limit Absolute 22%
Security limit Absolute 6%
Number of stocks Typically 45
Portfolio turnover Typically 25% p.a.
Forecast tracking error We do not target tracking error but total risk outcome is typically 90% of the market.
Inception  22 May 2010

Investment team

The Equity Income strategy is co-managed by Reece Birtles and Michael Slack.

The strategy is supported by the broader MCA investment team through detailed fundamental research analysis across MCA's four research lenses for each company within the investment universe.

In addition, our quantitative research function is continually looking for new ways to improve the investment process and the efficacy of our stock decisions and portfolio risk/return outcomes.

Reece Birtles

Reece Birtles, CFA

Job title
Chief Investment Officer, Australia
Michael Slack

Michael Slack, CFA

Job title
Head of Australian Equity Research