During the Dividend Builder Fund 4th Quarter webcast, Portfolio Managers Dr. Ian Mortimer and Mr. Matthew Page discussed:
Another strong quarter in 2017– MSCI World up 5.62% (total return in USD) – following positive returns in Q1, Q2, and Q3
Regional quarterly performance broadly followed YTD trends with strong markets in Asia ex-Japan and Emerging Markets. However, Japan had strongest returns.
IT, Materials, and Consumer Discretionary sectors leading the pack again, with Energy continuing its recovery alongside oil price rises.
Telcoms, Health Care, and Utilities noticeable underperformers
During the quarter, the top 5 performing stocks were: Wal-Mart Stores Inc, Hengan International Group Co Ltd, VF Corp, Microsoft Corp, Cisco Systems
During the fourth quarter, the bottom 5 performing stocks were: Merck & Co Inc, BAE Systems PLC, NEX Group PLC, Unilever PLC, Schneider Electric SE
Changes made in the quarter: bought Reckitt Benckiser and sold Coca-cola
Holdings are subject to change.
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Two Guinness Atkinson Funds have converted to ETFs: the Asia Pacific Dividend Builder Fund and the Dividend Builder Fund. Click here for more information on the conversions. Click here