Capturing investment opportunities from across Europe
Every investor looking for investment opportunities in Europe has their own view of the trends and how to interpret them. And the Henley-based European Equities team is no different. Based on their long-standing experience and in-depth insights of the market, they have the freedom to decide what is best for the funds they manage.
We don't follow benchmarks or have a ‘house view', but allow the fund managers the freedom to think for the long term in a culture of idea sharing, collaboration and debate. Different viewpoints are encouraged, which we think leads to better outcomes for investors.
All our European equity funds share a common approach that is grounded in valuation-driven, active management. The team believes that investors are best served by focusing on long-term investing: companies operate in long-term cycles and so does the focus of the team's research.
The team's high-conviction approach is to take advantage of inefficiencies in the market and buy stocks below what they believe to be their intrinsic value.
The key determinant of future returns
They invest where they believe the best returns are to be found
No in-built country, sector, stock or style bias
Both add value
Leveraging the expertise of the wider Invesco investment team
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The team’s range of investment strategies is designed to cater for varying investor preferences within the European equity space, capturing what the fund managers believe to be the best opportunities from across Europe.
Through geographic, market cap and investment mandate nuances, all the funds provide diversification potential.
| European Equities products | Managed by | Objective |
|---|---|---|
| Invesco European Equity Fund (UK) Continental Europe core equity strategy |
John Surplice Head of Fundamental Equities, EMEA, and Co-Head of European Equities James Rutland Fund Manager |
Seeks to achieve capital growth primarily through investment in companies in continental Europe |
| Invesco European Equity Income Fund (UK) Holistic approach to equity income |
Oliver Collin Co-Head of European Equities Steve Smith European Equities Fund Manager |
Seeks to achieve optimal combination of income and capital growth by investing in continental European equities |
| Invesco European Focus Fund (UK) Capitalising on opportunities across all company sizes |
John Surplice Head of Fundamental Equities, EMEA, and Co-Head of European Equities James Rutland Fund Manager |
Seeks capital growth through investment in continental European companies across the market cap spectrum |
| Invesco European Smaller Companies Fund (UK) A focus on smaller companies in continental Europe |
Mike Oliveros Fund Manager James Matthews European Small Cap Equities Fund Manager |
Seeks capital growth through investment primarily in smaller continental European companies |
| Eurozone strategy | Managed by | Objective |
|---|---|---|
| Invesco Euro Equity Fund Pure Eurozone equity strategy |
Oliver Collin Co-Head of European Equities Steve Smith European Equities Fund Manager |
Seeks to outperform its benchmark in the long term through active allocation to Eurozone equities |
| Eurozone strategy | Managed by | Objective |
|---|---|---|
| Invesco Continental European Small Cap Equity Fund A focus on smaller companies in continental Europe |
Mike Oliveros Fund Manager James Matthews European Small Cap Equities Fund Manager |
Seeks long term capital growth through investment in mid and small cap companies across continental Europe |
| Invesco Continental European Equity Fund Fundamental and valuation driven investing in continental European equities |
John Surplice Head of Fundamental Equities, EMEA, and Co-Head of European Equities |
Seeks to achieve capital growth through investing primarily in the shares of continental European companies |
| Eurozone strategy | Managed by | Objective |
|---|---|---|
| Invesco Pan European Equity Fund Fundamental and valuation driven investing in Pan-European equities |
John Surplice Head of Fundamental Equities, EMEA, and Co-Head of European Equities Tim Marshall¹ Fund Manager |
Seeks long-term capital growth through a portfolio of equity and equity related instruments of pan-European companies, with an emphasis on larger companies |
| Invesco Pan European Equity Income Fund Holistic approach to equity income |
Oliver Collin Co-Head of European Equities Tim Marshall¹ Fund Manager |
Seeks to generate income together with long term capital growth, by investing in companies on a pan-European level |
| Invesco Pan European Small Cap Equity Fund Exploiting investment opportunities within pan-European smaller companies |
Mike Oliveros Fund Manager James Matthews European Small Cap Equities Fund Manager |
Seeks to provide long-term capital growth primarily through investment in smaller companies across Europe |
| Invesco Pan European Focus Equity Fund Diversified ‘best ideas' fund investing across all company sizes |
John Surplice Head of Fundamental Equities, EMEA, and Co-Head of European Equities James Rutland Fund Manager |
Seeks long term capital growth through a concentrated portfolio of c40 stocks, investing in companies on a pan-European level |
For over 30 years, our Henley-based European Equities team has been successfully investing across European markets.
Average years of industry experience2
Fund managers
In AUM
Clients have the option to choose not only from the diverse strategies offered by the Henley-based European Equities team, but our Invesco Quantitative Strategies team, comprising over 40 investment professionals in five global locations, offer access to European equities using a proven, systematic, factor-based approach. Find out more about their distinctive approach to investing and the Invesco European ex UK Enhanced Index Fund (UK).
Keen to learn more? Visit our valuation opportunities page for:
Let us know using this form and one of our specialist team will quickly get back to you.
1 Member of the Henley-based Invesco UK Equities team.
2 Source: Invesco as at 31 December 2022. Includes investment centre’s Chief Investment Officer, fund managers, deputy fund managers, analysts and strategists
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.
ICVCs
As the Invesco European Focus Fund (UK) typically has a concentrated number of holdings, it may carry a higher degree of risk than a fund which invests in a broader range of holdings or takes smaller positions in a relatively large number of holdings.
The Invesco European Equity (UK), European Equity Income Fund (UK), Invesco European Focus Fund (UK) and Invesco European Smaller Companies Fund (UK) 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.
Although the Invesco European Equity Fund (UK), Invesco European Equity Income Fund (UK) and Invesco European Focus Fund (UK) 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.
The Invesco European Smaller Companies Fund (UK) invests in smaller companies which may result in a higher level of risk than a fund 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.
As one of the key objectives of the Invesco European Equity Income Fund (UK) 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.
SICAVs
As the Invesco Continental European Small Cap Equity and Pan-European Small Cap Equity Funds are smaller companies funds, you should be prepared to accept a higher degree of risk than funds that invest in larger companies.
The Invesco Pan-European Focus Equity Fund invests in a limited number of holdings and is less diversified, and therefore this may result in large fluctuations of the value of the fund.
This marketing communication is for Professional Clients only and is not for consumer use.
All information as at 31 March 2023 and sourced by Invesco, unless otherwise specified.
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 ICVC 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.
For more information on our offshore 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.
