BIAS launches dividend income fund

  • BIAS CEO Robert Pires

    BIAS CEO Robert Pires

Many investors who want dividend income, but don’t really want to pick and choose individual stocks themselves, put their money in dividend income funds that do the work for them. And now, Bermuda Investment Advisory Services Limited (BIAS) is offering investors on the Island the opportunity to invest in such a fund it has just launched — the new Global Dividend Income Fund.

Dividend income funds work by owning a diversified selection of dividend-paying stocks, collecting the dividends and paying them out to investors typically on a monthly or quarterly basis.

This new fund offered by BIAS will be an equity total return strategy aimed at “delivering results superior to a passive large capitalisation equity index over the long term with reduced volatility and higher streams of income”, the company said in a statement.

With the new fund, BIAS says it will put an investment strategy to work that has produced consistently superior returns in both bull and bear markets and give investors a way to bring in higher streams of income by holding a portfolio of stocks with a history of raising dividends annually for at least five years.

“Central Bank intervention has kept interest rates at artificially and historically low levels in recent years such that dividend yields on US stocks are well in excess of yields on medium-term, fixed-income securities,” said Robert Pires, CEO of BIAS.

Mr Pires says that means at this time, dividend-paying stocks provide a better opportunity for income than fixed-income securities and provide an opportunity for capital appreciation in the near and medium term.

“We consider dividend-paying stocks to be the overlooked sweet spot for investing at the present time,” he said.

BIAS COO Mark Melvin said the company is pleased to be offering this new fund at a time when global interest rates are so low and bonds are so over-valued.

“Many of our clients depend on investment income and we believe the BIAS Global Dividend Income Fund will be better able to fill that requirement for them,” he said.

“We have back-tested this strategy over the last five years and found that the out-performance relative to the S&P Global 1200 Equity Index to be outstanding,” Mr Melvin added.

In the company’s back-testing, which is no guide to the future, it found that its new fund, over five years, would have seen a 45.70 percent return, versus the S&P Global 1200’s minus-5.1 percent.

Shares in the BIAS Global Dividend Income Fund are available with an initial minimum investment of $25,000 and upon completion of an application. Income is paid quarterly to investors either in cash or in new shares of the fund depending on what the investor prefers.

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Published Oct 4, 2012 at 8:00 am (Updated Oct 3, 2012 at 7:10 pm)

BIAS launches dividend income fund

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