Stay connected:
Citywire printed articles sponsored by:
View the article online at http://citywire.co.uk/wealth-manager/article/a645627
Invesco Perpetual focuses on global equity in manager reshuffle
Markets
by Emma Dunkley on Dec 14, 2012 at 11:00
Invesco Perpetual has announced UK fund manager Stephen Anness is taking over the firm’s £53 million Global Opportunities fund from the start of next year, as part of the development of its global equity capability.
Anness will hand over the management of the £122 million Invesco Perpetual UK Aggressive fund to Martin Walker, who runs the firm’s UK Growth fund.
The Global Opportunities fund, launched in 1997, has been managed by the Global Equity Group (GEG), comprising chief investment officer Nick Mustoe (pictured) among others.
While Anness will continue to work within the GEG to use its regional expertise, he will apply his own strategy.
Mustoe said: ‘Global equities is a core priority for the business and, under the leadership of Nick Hamilton, head of global equity products, we have been building our franchise with the launch of our Global Equity Income fund and the development of our global smaller companies and global core capability.’
He added: ‘Giving Martin Walker management of both the Invesco Perpetual UK Growth fund and the Invesco Perpetual UK Aggressive fund is a logical move that will give one of our most experienced UK managers the chance to express his high conviction investment ideas in a more concentrated portfolio.'
Invesco is the second firm this week to announce it is reshuffling its manager line-up to focus on global equities.Newton Investment Management revealed Richard Wilmot is taking over the firm’s Higher Income fund, leaving Tineke Frikkee on the side-lines, as investors shift away from UK equities to focus on global equities, fixed income and absolute return.
Over three years to 13 December, Anness has delivered 33.3% versus the benchmark’s 25.3%.
News sponsored by:
Today's top headlines
More about this:
Look up the funds
Look up the fund managers
More from us
Archive
Aberdeen Live supplement: Fundamentals point to ongoing flows and solid returns from EMD
After a record year for inflows and market-leading performance in 2012, emerging market debt has taken a large step towards the mainstream. Our recent debate covers the outlook for the asset class this year and where opportunities can be found.
On the road
Click here to find out more from the Audience Development team.
Read more...
Arigatou Japan! Is Nikkei still world's top equity hotspot?
by Emma Dunkley on May 23, 2013 at 14:09
leave a comment
Please sign in here or register here to comment. It is free to register and only takes a minute or two.