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Invesco Perpetual launches Asian equity income fund

Invesco Perpetual is to launch an Asian equity income fund.

The fund will be managed by Stuart Parks and Tim Dickson and will invest primarily in Asia and Australasia (excluding Japan).

The fund will target a dividend yield of 120 per cent of the MSCI Asia Pacific ex-Japan index.

Parks says: “In tandem with their economies, Asian companies are becoming increasingly important in a global context. Their ability to harness growth at home, as well as demand from overseas, gives them strong and enduring earnings potential which in turn feeds into revenues and profits.

“Asian companies increasingly recognise the importance of shareholders and as a result dividends are rising. We believe this only strengthens the outlook for Asian equity markets.”

Invesco Perpetual head of distribution Ian Trevers says: “While companies paying high dividends will be at the fund’s core, its flexible approach permits investment in companies with greater growth prospects with the aim of delivering a rising income over time.”


RBS and Lloyds lending targets ‘a waste of time’

Brokers say the formal lending targets placed on the UK’s state-funded banks Royal Bank of Scotland and Lloyds Banking Group are “a waste of time” and do not need to be renewed. The targets, introduced by the Labour Government in March 2010, require RBS and Lloyds to lend a combined total of £94bn by the […]

Nigel Stockton to become Countrywide financial services chief

Countrywide financial services development director Nigel Stockton will takeover the group’s mortgage and insurance services division following the retirement of Countrywide Principal Services managing director Alan Snowball. Stockton, who joined Countrywide from Lloyds Banking Group in October, will take up the new role of financial services director, subject to FSA approval. Snowball joined Countrywide in […]


FSA warns on risk-profiling tools

The FSA has proposed guidance on assessing the suitability of investment advice and has warned that many risk-profiling tools could lead to flawed results. In a guidance consultation paper, published this week, the regulator reveals that out of 11 risk-profiling tools assessed it identified nine tools with weaknesses which could lead to “flawed outputs”. The […]


Advisers lose Keydata FSCS judicial review

Over 200 advisers have lost a judicial review of the Financial Services Compensation Scheme’s decision to levy Keydata compensation costs on intermediaries. High Court judge Mr Justice Beatson, sitting in Birmingham, has this afternoon ruled the FSCS was justified in classifying Keydata as an investment intermediary, not a provider. Intermediaries had to pay an £80m […]

Inheritance tax when it is relevant

Neil Jones is Technical Support Manager with Canada Life’s ican Technical Services Team. Canada Life offers a range of wealth management solutions, including retirement income planning, estate planning and investment solutions from a choice of jurisdictions, including the UK, Isle of Man and Republic of Ireland. A trust can offer significant advantages when an individual is […]


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