The Inside Network Style-bias in small caps
André Roberts from Invesco speaks with Drew Meredith from the Inside Network about style-bias and what drives returns in small caps.
The Invesco Wholesale Australian Smaller Companies Fund aims to provide long-term capital growth and distributions by investing in smaller companies listed on the Australian sharemarket, predominantly outside the S&P/ASX 100 Index.
The Fund’s proprietary investment model seeks to unlock persistent long-term excess returns by investing in key financial signals (grouped into factors), and to harness these signals in a balanced manner. The Fund’s Portfolio Managers believe these financial signals offer persistent excess returns over time as they are nested in persistent market features; the structure of the market, the behavioural phenomenon of investors in the market, and the risk-premia prescribed to each equity in the market.
Consistent alpha, calculated risks
Consistently outperformed the benchmark over rolling three year periods since inception, while the fund’s fees are significantly lower than the wholesale sector average.1
Appropriate scaling, superior liquidity
A variety of holdings with managed exposure to less liquid names creates a portfolio with low liquidity risk, while maintaining scalability.
Unbiased coverage, core approach
Leveraging large scale global data in a process without human bias, delivered using scalable low turnover factors that persistently drive equity market returns.
Why choose Invesco?
- Reliable Factors - Scalable low turnover factors that persistently drive equity market returns
- Purposeful Evolution - Research-led innovation at every step of the investment process
- Proprietary models - Proprietary return and risk models with bottom-up construction significantly improve information ratios
- Deliberate exposures - Capturing return-generating factors while minimising unwanted risks
OUR PORTFOLIO MANAGERS Australian Equities in Australia
A highly experienced local team responsible for portfolio management and research.
- André Roberts, Senior Portfolio Manager
- Neil Lahy, Senior Portfolio Manager
- Ritchard Longmire, Senior Portfolio Manager
- Nicole Schnuderl, Senior Portfolio Manager
- Richard CJ Tsai, Portfolio Manager
Supported by the Invesco Quantitative Strategies (IQS) Team globally
The 50+ member Global IQS team managing an investment process which has been continuously evolving since 1983. The team comprising a significant number of CFA Charter holders and PhDs, are primarily located in the US and Germany.
The Inside Network INDepth with André Roberts
André Roberts from Invesco goes INDepth with James Dunn from The Inside Network on 'Fundamental vs factor - a new paradigm for equities?'
Fund facts
Invesco Wholesale Australian Smaller Companies Fund - Class A
Inception Date |
31 March 1988 |
Management Cost (MER/ICR) |
0.55% |
Minimum Investment |
$20,000 |
APIR |
CNA0812AU |
Distribution |
Half-yearly |
