Invesco Perpetual launches Asian Income fund for Parks

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Invesco Perpetual is launching an Asian equity income portfolio for head of Asian equities Stuart Parks and manager Tim Dickson later this quarter.

The Invesco Perpetual Asian Equity Income fund comes to market on 7 March. It aims to generate a rising level of income along with long-term capital growth by investing primarily in shares in Asia and Australasia (excluding Japan), with a target dividend yield of 120% of the MSCI AC Asia Pacific ex Japan index. At launch, it is expected to have a yield of about 4%, compared to a current yield of 3% from the MSCI Asia Pacific ex Japan. The managers will adopt a flexible investment approach, allowing them to buy companies with greater growth prospects with the aim of delivering a ris...

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