– Invesco launches the Invesco Wholesale Global Targeted Returns Fund, a truly differentiated approach to targeted return, multi asset investing.
– Market demand has been strong for the Fund, which targets a positive total return in all market conditions over a rolling, three-year period with less than half the volatility of global equities.
– The Fund, managed by Invesco Perpetual’s world class Multi Asset team, blends high-conviction, long-term macro investment ideas into a single, risk-managed portfolio to provide investors with genuine diversification and an attractive return profile.
Invesco Australia announced today the launch of the Invesco Wholesale Global Targeted Returns Fund.
The Fund, which commenced on 27th February 2015, targets a gross return of 5% over the Bloomberg AusBond Bank Bill Index (cash +5%) over a rolling, three-year period with less than half the volatility of global equities over the same rolling, three-year period. The Fund is available to retail and institutional investors.
Invesco Australia CEO Mr. Martin Franc said:
“The easy beta wins in a liquidity-fuelled market are yesterday’s story. Demand for the Invesco Global Targeted Returns strategy is strong because investors are seeking a more certain return profile as well as genuine diversification in a volatile, low yielding world.
”The launch of the Fund is consistent with our focus on bringing to market high quality investment capabilities to meet our clients’ financial needs now and in the future.”
The uniqueness of the Fund lies in the fact that it tackles the asset allocation and diversification dilemma from a completely different perspective compared to the top-down macro (or long-only beta) approach of traditional balanced or multi asset investing.
The Fund harnesses an unconstrained, conviction-led approach to multi-asset investing, dispensing with asset class labels and instead focusing on high conviction, long-term macro investment ideas. The investment team then identifies the best way to implement the ideas and blends them into a single portfolio using a robust, risk-based fund management framework. Other benefits of the Fund include an attractive return profile, daily pricing and liquidity, and full transparency.
The Invesco Global Targeted Returns strategy, launched in September 2013, is managed by Invesco Perpetual’s Multi Asset team based in Henley-on-Thames, UK. The team is led by David
Millar, Head of Multi Asset, who co-manages the strategy with fund managers Dave Jubb and Richard Batty. The three fund managers have a combined total of 18 years experience delivering targeted absolute return products. The team is complemented by a further six investment professionals.
The Multi Asset team is able to leverage the extensive in-house intellectual capability, research, analysis and investment expertise from their Invesco Perpetual colleagues and Invesco teams worldwide. Invesco Perpetual has more than US$120bn funds under management while the wider Invesco group manages more than US$785bn and has more than 750 investment professionals. The Henley-based Multi Asset team regularly visits Australia to update clients on the Invesco Global Targeted Returns strategy.
Head of Multi Asset, David Millar, said:
“I’m thrilled that Invesco is bringing the Global Targeted Returns strategy to Australia. We believe that breaking away from the focus on asset class constraints allows us to achieve true diversification by combining high conviction investment ideas into a single risk- managed portfolio.”
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