Invesco Perpetual readies launch for ex-GARS team

The Invesco Perpetual Global Targeted Returns fund will launch as an open-ended, UK-domiciled portfolio, to be run by David Millar, Dave Jubb and Richard Batty (pictured). The aim of the fund is to achieve a positive total return in all market conditions over a rolling three-year period. It will invest in equities, equity-related securities, debt securities, and money-market instruments. The new product has been a year in the making, following the appointment of the trio in September 2012. At the time, Invesco Perpetual's head of distribution Ian Trevers said any new product would ...