Invesco Select Trust plc – UK Equity Share Portfolio: Q3 2023 manager update
James Goldstone, Fund Manager
Article
Invesco Select Trust plc – UK Equity Share Portfolio – Q4 2023 update
25 January 2024
The UK stock market went up in the 4th quarter of 2023 - despite quite disappointing UK economic growth. There was some good news, however, with inflation continuing to fall to lower levels and money markets concluding that interest rates will be reduced during 2024.
Looking forward, we think the UK stock market has plenty of opportunities to find companies offering good and reliable dividends, plus world class businesses offering long term growth.
In this video update, Ciaran discusses the 4th quarter and answers the following questions:
00:23 - What has been happening in the UK equity market over the last quarter?
01:27 - How did the UK Equity Share Portfolio perform?
02:16 - How is the portfolio positioned and what changes have been made in Q4?
03:38 - What is the outlook for UK equities?
Want to know more?
The investment trust is managed by James Goldstone and Ciaran Mallon, members of Invesco's UK equities team. Click below to learn more about the trust and the team.
Invesco Select Trust plc UK Equity Share Portfolio
UK equities team
On demand: catch up on previous updates
Invesco Select Trust plc – UK Equity Share Portfolio: Q2 2023 manager update
Ciaran Mallon, Fund Manager
Invesco Select Trust plc – UK Equity Share Portfolio: Q1 2023 manager update
Ciaran Mallon, Fund Manager
Investment risks
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The value of investments and any income will fluctuate (this may partly be the result of exchange rate fluctuations) and investors may not get back the full amount invested.
The use of borrowings may increase the volatility of the NAV and may reduce returns when asset values fall.
The Invesco Select Trust plc uses derivatives for efficient portfolio management which may result in increased volatility in the NAV. In addition, some companies are suspending, lowering or postponing their dividend payments, which may affect the income received by the product during this period and in the future.
The Invesco Select Trust plc UK Equity Share Portfolio invests in smaller companies which may result in a higher level of risk than a product that invests in larger companies. Securities of smaller companies may be subject to abrupt price movements and may be less liquid, which may mean they are not easy to buy or sell.
Important information
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All information correct as at 10 January 2024 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 more information on our products, please refer to the relevant Key Information Document (KID), Alternative Investment Fund Managers Directive document (AIFMD), and the latest Annual or Half-Yearly Financial Reports. This information is available on the website www.invesco.com/uk/en/investment-trusts.html.
Further details of the Company’s Investment Policy and Risk and Investment Limits can be found in the Report of the Directors contained within the Company’s Annual Financial Report.
If investors are unsure if this product is suitable for them, they should seek advice from a financial adviser.
