Invesco Perpetual's Parks warns on Asian growth as inflation fears mount

Invesco Perpetual's Stuart Parks has warned Asian growth rates are poised to drop as central banks move to combat inflation.

Parks, the head of Asian equities and manager of the £632m Invesco Asian fund, said soaring inflation – caused by expansionist monetary policies – is now a stronger headwind, and he is rotating into defensives to protect his top-performing Asian portfolio. Invesco Perpetual Asian, one of three funds he runs for the group, has returned 53.6% over three years, ahead of the sector average return of 42.9%. Here Parks explains the fund’s approach, his concerns about Asia’s inflation and his belief the region is still an attractive long-term story. How has the fund been positioned over ...