View more on these topics

Invesco unveils details of multi-asset launch

FCA table

Invesco Perpetual has revealed the details of the new strategy for its recent GARs hires.

Launching today, the Invesco Perpetual Global Targeted Returns fund will have a performance target of 5 per cent per annum above UK 3-month Libor on a rolling three-year basis.

In the IMA Targeted Absolute Return sector, the fund will have a minimum initial investment of £500 and a charged of 5 per cent – with top ups of £100 and an ongoing charge of 1.6 per cent.

The fund will be managed by David Millar, Dave Jubb and Richard Batty, who joined the asset manager after working on SLI’s flagship GARS offering.

Money Marketing revealed last week that Invesco was preparing the launch for the three managers.

Millar is head of multi-asset at Invesco Perpetual; Jubb and Batty are fund managers.

The three were seen as key personnel on the GARS fund, which recently was hit by the departure of SLI global head of multi-asset Euan Munro.

Millar says: “Being provided with the opportunity to bring our multi asset experience to a truly global firm such as Invesco Perpetual, and sit amongst some of the best like-minded long-term fundamental thinkers is a privilege.

“This strategy, combined with the fact that we can draw on the immense intellectual capital of Invesco Perpetual gives us the ability to create something market leading.”

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com