CB Fonder pitches 6% dividend from its European Quality Fund
Sweden’s CB Fonder is offering a 6% dividend yield to investors who put their money into its European Quality Fund (EQF) by 30 October.
The long only fund invests in a concentrated portfolio of European growth companies, with an ethical overlay that prohibits investments in tobacco or alcohol, weapons manufacturing, gambling and pornography.
“The actual dividend pay-out is in mid-November 2012, well before year end. Your custodian must fax the subscription application (subscription form) to the fund’s custodian bank Caceis in Luxembourg. The subscription form must have been received by Caceis October 30 at 2 PM CET at the latest,” CB Fonder said.
Over three years to 30 September, the fund returned 42% against its benchmark MSCI Europe Net index, which returned 21%, according to figures published by the manager. Over the period the fund’s standard deviation was 12%, compared to 14% for the index.