An absolute return mandate attempting to deliver a positive total return in all market conditions over a three year rolling period, targeting an income of 3.5% per annum over UK 3 month Libor.
The Invesco Perpetual Global Targeted Income fund follows a macro strategy where the portfolio will be positioned depending on their view of the overall economic and political backdrop as well as valuations of the different asset classes. By being flexible in their allocations across all asset classes and regions, the fund aims to achieve a gross income of 3.5% per annum over UK 3 month Libor (before the deduction of corporation tax), while seeking to preserve capital over a rolling, three year period. Risk management is a key part of the investment process to decrease the risk of potential loss.
We are encouraged that the strategy is the sole responsibility of the three primary portfolio managers, who make good use of the resources available to them, including the asset class specialists among other Invesco teams. The team also have a proven track record from their time at Standard Life, where they previously contributed to the Global Absolute Return Strategies fund.
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Sebastian Mackay joined Invesco Perpetual in August 2016 from Standard Life Investments where he was an investment director for the Fixed Income team, before joining the Multi-Asset team in 2014. He began his career at SWIP in 2000, where he was a senior economist for the Fixed Interest team prior to joining the Aggregate Bonds team as an investment director.
Richard Batty joined Invesco Perpetual in March 2013 as a fund manager within the Multi-Asset team. Richard had spent the previous ten years at Standard Life Investments, within a similar role which included Global Investment Strategy and Global Tactical Asset Allocation. Prior to joining Standard Life, he began his career at James Capel / HSBC as an equity strategist.
Gwilym joined Invesco Perpetual in March 2013, as a Fund Manager and Risk Manager for the Multi-Asset team. Prior to this, he commenced his career in 2008 at Standard life Investments, where he was involved in a similar role, in particular the development of scenario analysis techniques. In addition, he was responsible for managing a range of liability-driven investment (LDI) funds.
Invesco Perpetual form part of Invesco Ltd, a global investment management company. Invesco Perpetual, founded in 1973, has over £80 billion of assets under management, primarily within equities, fixed income and multi-asset. Their primarily offices are located in Henley-on-Thames, where the majority of the fund managers are based. Invesco UK Ltd is one of the world’s leading investment managers, with over £480 billion of assets under management.