Invesco Podcast: A Global Focus on Ecommerce and Healthcare

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  • 21 mins 51 secs

In the latest Invesco Podcast Ben Gutteridge, Director of Model Portfolio Services, speaks to Randy Dishmon, the lead fund manager on the Invesco Global Focus Fund (UK).

The discussion begins with some analysis on the broad valuation challenge the ‘Growth’ sector so frequently encounters, before a more granular debate over some of the underlying companies within the Invesco Global Focus Fund (UK). Businesses covered include Facebook, Amazon, Twillio, Thermo Fisher and Novo Nordisk.

Hear more from Randy about his philosophy and approach or download the Owner’s Manual to read for further information. Alternatively, please watch his latest Webinar.

Investment risks - Invesco Global Focus Fund (UK)

The value of investments and any income will fluctuate (this may partly be the result of exchange rate fluctuations) and investors may not get back the full amount invested.

Although the Fund invests mainly in established markets, it can invest in emerging and developing markets, where there is potential for a decrease in market liquidity, which may mean that it is not easy to buy or sell securities. There may also be difficulties in dealing and settlement, and custody problems could arise.

The Fund may use Stock Connect to access China A Shares traded in mainland China. This may result in additional liquidity risk and operational risks including settlement and default risks, regulatory risk and system failure risk.

As the fund has a concentrated number of holdings, investors should be prepared to accept higher risks.

The fund may use derivatives (complex instruments) in an attempt to reduce the overall risk of its investments, reduce the costs of investing and/or generate additional capital or income, although this may not be achieved. The use of such complex instruments may result in greater fluctuations of the value of the fund. The Manager, however, will ensure that the use of derivatives within the fund does not materially alter the overall risk profile of the fund.

As a result of COVID-19, markets have seen a noticeable increase in volatility as well as, in some cases, lower liquidity levels; this may continue and may increase these risks in the future.

Important information

Where individuals or the business have expressed opinions, they are based on current market conditions, they may differ from those of other investment professionals and are subject to change without notice.

This recording is marketing material and is not intended as a recommendation to invest in any particular asset class, security or strategy. Regulatory requirements that require impartiality of investment/investment strategy recommendations are therefore not applicable nor are any prohibitions to trade before publication. The information provided is for illustrative purposes only, it should not be relied upon as recommendations to buy or sell securities.

For the most up to date information on our funds, please refer to the relevant fund and share class-specific Key Investor Information Documents, the Supplementary Information Document, the Annual or Interim Reports and the Prospectus, which are available on our website.

12-month net rolling performance (%)

  31/03/15 -
31/03/16 -
31/03/17 -
30/03/18 -
29/03/19 -

Invesco Global Focus (UK) Class Z

-2.44 36.42 4.94 -3.59 -0.94
IA Global -2.75 29.24 2.86 8.77 -5.63

The standardised past performance information is updated on a quarterly basis.

Cumulative growth (%)

  6 mths 1 year 3 years 5 years 10 years

Invesco Global Focus (UK) Class Z

15.20 30.39 26.11 66.66 217.39
IA Global -0.58 7.83 20.45 53.25 147.70

Annualised returns (%)

  3 years 5 years 10 years

Invesco Global Focus (UK) Class Z

8.05 10.74 12.24
IA Global 6.40 8.90 9.49

Past performance is not a guide to future returns. Cumulative and annualised performance figures are to 29 May 2020. Standardised past performance figures are as at 31 March 2020. Performance figures are based on the z (accumulation) share class. As this was launched on 12 November 2012, for the periods prior to this launch date, performance figures are based on the accumulation share class, without any adjustment for fees. Performance figures for all share classes can be found in the relevant Key Investor Information Document. Fund performance figures are shown in sterling, inclusive of reinvested income and net of the ongoing charge and portfolio transaction costs to date shown. Sector average performance is calculated on an equivalent basis (source: Lipper).

 Issued by Invesco Fund Managers Limited, Perpetual Park, Perpetual Park Drive, Henley-on-Thames, Oxfordshire RG9 1HH, UK. Authorised and regulated by the Financial Conduct Authority.




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