High conviction portfolio with a clearly defined philosophy and a robust, repeatable bottom-up process.
Introducing the Invesco Global Equity Income Fund (UK)
A core global equity fund with a focus on generating returns through both dividends and dividend growth. The fund adopts a high conviction approach and looks to generate its returns through primarily stock selection decisions. As a result, the fund has no significant style or factor biases and aims to outperform through most environments.
The opportunity
The investment landscape has changed significantly as higher interest rates and inflation volatility are likely to persist for some time.
In this market environment, investing in strong cash-generative companies with sustainable business models and strong or growing dividend yields can cushion volatility and market turmoil. A significant portion of equity market returns over the long term have also come from dividends, and we think we are entering a regime where they will become more important to total shareholder returns again.
The fund's global universe allows our investment team to focus on building a portfolio without compromise.
Investment process
The teams’ IDEAS framework provides a robust and repeatable process, that focuses on rigorous bottom up research. Augmented by collaboration and challenge.
Our competitive advantage
Strong focus on mitigating downside risks by 1) rigorous fundamental industry and company research and 2) granular analysis of accounting quality and balance sheets.
Attractive dividend and dividend growth characteristics versus the market.
With no significant factor or style bias, the fund is set up to navigate different investment environments.
Meet the team
The fund is managed by Stephen Anness and Joe Dowling out of Henley-on-Thames. Stephen has over 20 years of industry experience and Joe over 10 years. Learn more about the Invesco Global Equities Investment Team.
Stephen Anness, Fund ManagerWe believe that buying high quality businesses for the long-term at attractive valuations can result in sustained out-performance relative to the index and below market volatility over the long-term. We believe that the best way to mitigate risk is with detailed fundamental analysis, with valuation at its core.
Fund facts
We focus on sustainable, long-term winners that are mispriced or underappreciated by the market.
Experienced team
Large opportunity set
Value-led investment process
Access other valuation-led funds
FAQ
Global investing enables you to access investment opportunities that are not present domestically. Spreading your investments across geographies also benefits diversification, as volatility in one market is likely not affecting other markets. Thus, by investing globally you increase the potential for returns while reducing risk at the same time.
Income investing entails building an investment portfolio that allocates some or all of the portfolio to investments that generate a regular, consistent stream of income. One way to do this is to invest in dividend-paying stocks. In addition, you want to grow, or at least preserve, your capital, so you don’t have to downscale your lifestyle as you age. And finally you want to make sure your income keeps up with inflation, which over longer time periods can take an enormous toll.
You can invest in the global stock market by investing in actively managed mutual funds or exchange traded funds (ETFs). Invesco offers a broad range of actively managed funds and ETFs.
We identify stocks with valuations that have not been reflected by the market but future prospects may be recognised by it later. We have no preconceived bias towards stocks, sectors or countries, rather we look for the best investments at any point in time.
Investment risks
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The fund may use derivatives (complex instruments) in an attempt to reduce the overall risk of its investments, reduce the costs of investing and/or generate additional capital or income, although this may not be achieved. The use of such complex instruments may result in greater fluctuations of the value of the fund. The Manager, however, will ensure that the use of derivatives within the fund does not materially alter the overall risk profile of the fund. As one of the key objectives of the fund is to provide income, the ongoing charge is taken from capital rather than income. This can erode capital and reduce the potential for capital growth. Although the Fund invests mainly in established markets, it can invest in emerging and developing markets, where there is potential for a decrease in market liquidity, which may mean that it is not easy to buy or sell securities. There may also be difficulties in dealing and settlement, and custody problems could arise.
Important information
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This marketing communication is for Professional Clients only and is not for consumer use. Investors should read the legal documents prior to investing. Data as at 31 August 2023, unless otherwise stated. This is marketing material and not financial advice. It is not intended as a recommendation to buy or sell any particular asset class, security or strategy. Regulatory requirements that require impartiality of investment/investment strategy recommendations are therefore not applicable nor are any prohibitions to trade before publication. Views and opinions are based on current market conditions and are subject to change. For the most up to date information on our funds, please refer to the relevant fund and share class-specific Key Investor Information Documents, the Supplementary Information Document, the financial reports and the Prospectus, which are available using the contact details shown. A summary of investor rights is available in English from www.invescomanagementcompany.lu. The management company may terminate marketing arrangements. Not all share classes of this fund may be available for public sale in all jurisdictions and not all share classes are the same nor do they necessarily suit every investor.
EMEA3122195/2023
