Invesco Perpetual global duo: We need to embrace not fear volatility

High conviction views

Stephen Anness and Andy Hall, managers of the Invesco Perpetual Global Opportunities fund, tell Natalie Kenway why it pays to have high conviction in your holdings and to view market volatility as an opportunity.

In a highly-concentrated portfolio such as the Invesco Perpetual Global Opportunities fund, stocks have to compete to gain one of the 35 to 40 spots, according to Stephen Anness and Andy Hall - but retaining that high level of conviction has clearly paid off.  Over the past one, three and five years to 22 March, the £240m fund is top-quartile, significantly outperforming its IA Global peer group. Anness took over the fund five years ago on 1 January 2013, while Hall joined shortly afterwards. The fund has returned almost 90% over the period, compared to 61.5% from the sector, accordin...