24th September 2015

Invesco Perpetual Announces £101M Mandate Win from The Pensions Trust

In August 2015, Invesco Perpetual announced it had been appointed to manage a diversified growth (multi asset) mandate for The Pensions Trust. The £101 million mandate is to be invested into the Invesco Perpetual Global Targeted Returns Fund.

Launched in 2013, the Invesco Perpetual Global Targeted Returns Fund is managed by fund managers Richard Batty, Dave Jubb and David Millar, Head of Multi Asset. It dispenses with asset class labels and instead focuses on a  three step approach which starts with selecting and approving investment ideas from across asset classes and geographies, combining these ideas into a single portfolio using a robust risk-based fund management framework, and then implementing these investment ideas through Invesco’s global trading desks.

The fund aims to achieve a positive total return in all market conditions over a rolling three-year period. The fund targets a gross return of 5% per annum above UK three-month LIBOR (or an equivalent reference rate) and aims to achieve this with less than half the volatility of global equities, over the same rolling three-year period. There is no guarantee that the fund will achieve a positive return or its target and investor may not get back the full amount invested.

For more information

Pensions