Jason Pidcock is a highly successful Asian equity income manager who has benefited from a change of corporate culture to a more shareholder-friendly one. He has seen companies’ dividend pay-out ratios improve, not just over the past few years but over the past 15 so it is not a short-term blip but a longer-term trend that he sees ongoing.
Here, he also explains how his total return emphasis is better placed in an increasingly competitive market than an income only, or a capital growth only strategy, opening up investment opportunities in Australia that are not commodity stocks through to the more predictable Reits in Singapore.
He also lets on which is the fastest growing developed economy in the world. Any guesses?