Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

Invesco Perpetual focuses on global equity in manager reshuffle

Invesco Perpetual focuses on global equity in manager reshuffle

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%.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Mark Barnett - part 2: why I'm not buying Lloyds

Mark Barnett - part 2: why I'm not buying Lloyds

In the second part of our exclusive video interview, Barnett explains why he has no intention of buying Lloyds, and where he sees the greatest income opportunities.

Play Wealth managers reveal the best investment ideas of the year

Wealth managers reveal the best investment ideas of the year

From robotics to impact investing, wealth managers share the best ideas they have heard this year.

Play Baillie Gifford's Earnshaw on Xi Jinping's 'new era'

Baillie Gifford's Earnshaw on Xi Jinping's 'new era'

Sophie Earnshaw talks through what Xi Jinping's 'new era' means for investors. and why Chinese tech offers some of best growth stocks in the world.

Read More
Your Business: Cover Star Club

Profile: JM Finn on why the future is with financial planners

Profile: JM Finn on why the future is with financial planners

There is a lot of work on pension consolidation and Sipps have been a big driver there, says JM Finn chief executive

Wealth Manager on Twitter