Revealed: Invesco Perpetual's multi-asset plans for ex-GARS team

Invesco Perpetual has rolled out its first multi-asset fund strategy for former Standard Life Investments' (SLI) managers David Millar, Dave Jubb and Richard Batty.

The trio, who worked on the GARS team at SLI, joined Invesco Perpetual in March and have run a model portfolio version of the new Global Targeted Returns fund since then. Aiming to return 3-month LIBOR +5% per annum on a rolling three-year basis, with less than half the volatility of global equities, the fund seeks to “dispense with asset class labels”. Instead, the team will implement its best cross-asset class ideas through investing in both a selection of Invesco Perpetual funds and derivative-based strategies. Fund composition At launch, the vehicle is composed of 22 investme...