Veritas Global Equity Income passes £600m in fifth year returning 60.8%

Veritas global income fund sees inflows intensifying as investors seek yield overseas

Veritas Asset Management’s Global Equity Income fund celebrated its fifth anniversary in February with assets fast approaching the £500m milestone. The first global equity income fund launched in the UK, the Veritas vehicle has taken in a slew of assets over the last year as investor demand for dividend income from outside the UK has intensified. The fund’s assets totalled £135m at the end of June 2009, and by 31 July this year they had jumped to £625m. Co-managed by Veritas CEO Charles Richardson and director Andy Headley, Global Equity Income (sterling) has returned 60.8% since i...