Invesco Perpetual launches Global Targeted Income fund for Millar and 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. The new product will use a similar investment process to the existing Invesco Perpetual Global Targete...