Invesco Perpetual launches Global Targeted Income fund for Millar and team

Extension of multi-asset offering

Invesco Perpetual has extended its multi-asset offering with the launch of the Global Targeted Income fund for David Millar and the multi-asset team.

The Invesco Perpetual Global Targeted Income fund will be managed jointly by Richard Batty, Sebastian Mackay, and Gwilym Satchell from the multi-asset team, headed up by Millar (pictured). The fund will aim to deliver a gross income of 3.5% per annum above UK 3-month LIBOR, while aiming to preserve capital in all market conditions over a rolling three-year period. It will also aim to keep volatility to less than half that of global equities over the same rolling three-year period. Cerulli: European equity funds more likely to beat benchmarks than US counterparts The new product ...