IGET: A diversified portfolio of global companies aiming for capital growth and predictable income
Please read the Investment Risks and Footnotes at the bottom of the page.
* Invesco Global Equity Income Trust plc is the successor to the former Invesco Select Trust Global Equity Income Share Portfolio, part of the Invesco Select Investment Trust. For further details relating to this change, please refer to the Restructuring Proposals Circular.
¹ The dividend policy involves paying at least 4% calculated on the unaudited year end NAV, paid quarterly in equal amounts. This is not guaranteed.
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The Invesco Global Equity Income Investment Trust aims to provide an attractive level of predictable income and capital appreciation over the long term, predominately through investment in a diversified portfolio of equites worldwide.
With an active approach to stock selection, the process is carefully designed to seek to stack the odds of success in the portfolio’s favour, with risk management considered throughout. The process is focused on IDEAS: Identify potential ideas; Determine the most promising; Evaluate the opportunity; Approve the idea; Structure the portfolio.
The portfolio is made up of three categories. First, dividend compounders. A minimum of 70% of the fund will be in companies that have a strong track record of paying and growing dividends. Second, up to 20% in low yielding, but faster growth stocks. These are companies with excellent capital allocation*, resulting in compelling returns on invested capital or a progressive buy back policy**. Finally, up to 10% of the portfolio will be invested in Dividend Restoration ideas - businesses that are undergoing a temporary challenge or turnaround, but where we see a clear route to dividend restoration.
*Capital allocation: distributing and investing a company's financial resources in ways that will increase its efficiency and maximize its profits.
**Buy back: when a company buys back its shares and is a way for the company to reinvest in itself.
| Launch date: | November 2006 | |
| Fund managers: | Stephen Anness and Joe Dowling (Deputy) |
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| ISIN: | GB00B1DQ6472 | |
| AIC sector: | Global Equity Income |
| Announcements | Dividends Payable | Annual General Meeting |
| Year End 31 May 2024 | 1st Interim Dividend July/August 2024 | October 2024 |
| Annual Financial Results September 2024 | 2nd Interim Dividend October/November 2024 | |
| Half-Yearly Financial Results February 2025 | 3rd Interim Dividend January/February 2025 | |
| 4th Interim Dividend April/May 2025 |
BSc in Economics, Securities Institute Diploma, the Investment Management Certificate from the CFA Society of the UK.
BA in Business Administration from the University of Bath and Investment Management Certificate from the CFA Society of the UK.
| 30.09.19 30.09.20 |
30.09.20 30.09.21 |
30.09.21 30.09.22 |
30.09.22 30.09.23 |
30.09.23 30.09.24 |
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|---|---|---|---|---|---|
| Ordinary Share Price | -7.5 | 32.9 | -6.5 | 17.7 | 25.4 |
| Net Asset Value | -8.9 | 33.7 | -1.4 | 23.1 | 21.2 |
| MSCI World Index (£) Total Return | 5.2 | 23.5 | -2.9 | 11.5 | 20.5 |
To receive periodic updates on this investment trust and invites to future AGMs, visit Invesco’s Investment Trust Preference Centre.
When you interact with us, we may collect information about you which constitutes personal data under applicable laws and regulations. The Trust privacy notice explains how we use and protect your personal data. Invesco’s Investment Trust Preference Centre is managed by IR InTouch, an online investor contact management platform from RD:IR.
* Invesco Global Equity Income Trust plc is the successor to the former Invesco Select Trust Global Equity Income Share Portfolio, part of the Invesco Select Investment Trust. For further details relating to this change, please refer to the Restructuring Proposals Circular.
Kepler Trust Intelligence – Research Note (view on Kepler website)
Marketing Committee terms of reference
Schedule of matters reserved for Board
Audit Committee terms of reference
Nomination Committee terms of reference
Management Engagement Committee terms of reference
Invesco Select Trust plc – Circular: notice of general meeting (August 2021)
Circular: notice of general meeting (November 2019)
As described in the announcement of 14 December 2023, the Invesco Select Trust Plc Board has undertaken a review of the Company and its strategy, with the objective of broadening the appeal of the Company as well as improving liquidity and narrowing the discount at which the Company’s shares trade.
For more than 30 years Invesco has been associated with responsible investing, and today delivers this through equity, fixed income and multi-asset strategies.
All directors are non-executive and, in the opinion of the Board, are independent of the Manager.
Should you wish to contact a member of the Board of Directors, please email the Company Secretary.
When you interact with us, we may collect information about you which constitutes personal data under applicable laws and regulations. The Trust privacy notice explains how we use and protect your personal data.
Let us know using this form and one of our specialist team will quickly get back to you.
Total Assets: The value of all assets held, less current liabilities, including income for the current year.
Dividend Yield: The total declared and prospective dividends for the current financial year, expressed as a percentage of the trust’s value calculated at the last close price. The yield is indicative only and is not guaranteed.
Estimated NAV: The net asset value is the value of the company’s assets, less any liabilities.
Discount: The amount, expressed as a percentage by which the share price is less than the net asset value per share. Premium: The amount, expressed as a percentage, by which the share price is more than the net asset value per share.
Figures are subject to rounding.
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 Global Equity Income Trust plc uses derivatives for efficient portfolio management which may result in increased volatility in the NAV.
The Invesco Global Equity Income Trust plc invests in emerging and developing markets, where difficulties in relation to market liquidity, dealing, settlement and custody problems could arise.
Assets under management as at 31 March 2024.
Current tax levels and reliefs may change. Depending on individual circumstances, this may affect investment returns.
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.
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.
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.
