Invesco moves to simplify multi-asset range after review

Fund manager to close global targeted returns strategy

Valeria Martinez
clock • 2 min read

Invesco is set to close its global targeted returns strategy in a push to simplify its multi-asset product range, subject to regulatory authorisation.

The closure follows a strategic review undertaken by the firm, which concluded that current demand for targeted return strategies had continued to diminish.  This led to the decision to focus on other capabilities within its multi-asset franchise, where it is seeing "strong client demand". For the UK, Invesco believes client demand will continue for its outsourcing capabilities through the Summit ranges and model portfolio services. The Invesco Global Targeted Returns fund was launched in September 2013, with the aim of achieving a positive total return in all market conditions over a...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Tatton AM launches range of passive funds as AUM surpasses £20bn

Tatton AM launches range of passive funds as AUM surpasses £20bn

Net flows double from last year

Cristian Angeloni
clock 13 November 2024 • 1 min read
Mabel Insights adds DFM partner

Mabel Insights adds DFM partner

Additional Waverton data to be available on comparison site

Jen Frost
clock 12 November 2024 • 2 min read
Partner Insight: Navigating the great wealth transfer

Partner Insight: Navigating the great wealth transfer

The great wealth transfer represents opportunity and risk in equal measure for financial advisers.

Warwick Bloore Senior Specialist, Adviser Research Centre, Vanguard, Europe
clock 12 November 2024 • 6 min read