Invesco launches Global Targeted Returns Fund
Invesco has launched the Invesco Global Targeted Returns Fund, the first to be managed by its newly formed multi asset investment team based in Henley-on-Thames.
The fund aims to achieve a positive total return through capital growth and income in most market conditions over a three year period.
The new strategy has been created by the team led by David Millar, along with fund managers Dave Jubb and Richard Batty. The team takes an unconstrained, conviction-led approach to multi asset investing.
The fund dispenses with asset class labels and instead focuses on a three step approach which starts with generating investment ideas from across asset classes and geographies, combining these ideas into a single, diversified portfolio using a robust risk-based fund management framework, and then implementing these investment ideas through Invesco’s trading desks.
The managers have together over 60 years markets experience between them, of which 15 years (five years each) has been spent working together in the targeted absolute return field. Alongside them, two further investment specialists complete the team - Georgina Taylor, product director, and Gwilym Satchell, risk manager - each bring with them expertise in supporting a multi asset investment approach.
Sergio Trezzi, head of European retail, says: “A few years ago we identified multi asset solution as key investment strategy to answer long term trends in the market, both as a core solution to broader the diversification of the portfolio. With the launch of Invesco Global Targeted Returns Fund (GTR) we offer to the market the opportunity to combine diversification and risk control with the aim of delivering positive returns in the long term.”
David Millar, head of multi asset investment at Invesco, said: “Being provided with the opportunity to bring our multi asset experience to a truly global firm such as Invesco, and sit amongst some of the best, like-minded, long-term fundamental thinkers is a privilege. As a team we believe that the way to achieve true diversification is to break away from the constraint of asset class labels and bring good investment ideas, which cross asset classes and geographies, together into a single diversified portfolio. This strategy, combined with the fact that we can draw on the immense intellectual capital of Invesco investment team gives us the ability to create something market leading.”
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