Invesco Perpetual Global Targeted Income

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.