The fund will officially launch on July 9 and will look to beat the S&P 500 Index by 2.5 per cent over a full market cycle.
Invesco Perpetual head of product management Alistair Campbell says: “This gives investors exposure to the world’s largest market, efficient stock trading and potential to achieve targeted returns.
“It will be managed by our global structured products team comprising over 50 professionals from the US and Frankfurt, who will be using a proprietary quantitative investment model adopting a 4 per cent tracking error per annum. This specific target, and the adoption of the tracking error, enables the team to leverage the value in certain stocks within the index to potentially maximise investor returns. ”
The offer period for the fund commences on Monday 25 June until noon on Friday 6 July at a fixed price with up to 5 per cent discount on the initial charge.