£101m mandate goes to Invesco Perpetual Global Targeted Returns fund

The Invesco Perpetual Global Targeted Returns fund has won a £101m mandate from The Pensions Trust, Invesco has announced.

The fund was launched in 2013 by managers who previously worked on a similar product at Standard Live Investments, the Global Absolute Return Strategies fund.

At Invesco, managers Richard Batty, Dave Jubb and head of Multi Asset David Millar (pictured), are implementing a strategy that looks for ideas across asset classes and geographies, which combines these into a single portfolio.

The fund aims to offer positive returns over rolling three year periods, regardless of market conditions, and at less than half the volatility of global equities over similar periods.

David Adkins, chief investment officer at The Pensions Trust, said: “The Invesco Perpetual multi-asset team’s investment credentials and track record speak for themselves, and the Global Targeted Returns fund‘s strategy, which seeks to provide positive returns with a low level of volatility, suits our investment goals perfectly.”

Jonathan Boyd
Editorial Director of Open Door Media Publishing Ltd, and Editor of InvestmentEurope. Jonathan has over two decades of media experience in Japan, Australia, Canada and the UK. Over the past 17 years he has been based in London writing about funds and investments. From editing the newsletter of the Swedish Chamber of Commerce in Japan in the 1990s he now focuses on Nordic markets for InvestmentEurope. Jonathan was awarded Editor of the Year at the Professional Publishers Association (PPA) Independent Publisher Awards 2017. Shortlisted for the same in 2016, he was also shortlisted in 2017 and 2015 for the broader PPA Awards category Editor of the Year (Business Media).

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