Invesco Podcast: Managing Asian equities amidst a crisis

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  • 27 mins 29 secs

In this Invesco Podcast Ben Gutteridge, Director of Model Portfolio Services, speaks to William Lam, fund manager of the Invesco Asian Fund (UK).
 

The conversation covers several important areas including how William and his team are approaching such volatile and uncertain markets, what the virus news flow is like out of Asia, and what opportunities are appearing and when would be the opportune time to take them?
 

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Calendar year performance (%)

  2009
Invesco Asian Fund (UK) 55.11
IA Asia Pacific Excluding Japan 51.65

Standardised rolling 12-month performance (%)
  28.02.15
29.02.16
29.02.16
28.02.17
28.02.17
28.02.18
28.02.18
28.02.19
28.02.19
28.02.20
Invesco Asian Fund (UK) -9.91 58.63 19.69 -5.35 -2.10
IA Asia Pacific Excluding Japan -9.75 39.66 14.03 -2.97 3.59

Past performance is not a guide to future returns. Source: Lipper data as at 29 February 2020. Performance figures are based on the Z Accumulation share class. 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 29 February 2020 unless otherwise stated. The figures do not reflect the entry charge paid by individual investors. Sector average performance is calculated on an equivalent basis. Source: Lipper. The IA £ Corporate Bond sector is a Comparator Benchmark. Given its asset allocation the Fund’s performance can be compared against the Benchmark. However, the Fund is actively managed and is not constrained by any benchmark.
 

Any individual stocks mentioned relate to the Invesco Asian Fund (UK). Where William mentions being underweight, overweight or neutral, he is referring to the fund in relation to the MSCI AC Asia Pacific ex Japan index. Please note this index is not a target, constraining or comparator benchmark of the fund. The comparative information given is to illustrate the fund manager’s active investment approach.

Investment risks
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.
 

The Invesco Asian Fund (UK) invests 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.
 

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.

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 podcast 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 using the contact details shown.
 

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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Asia

Invesco

www.invesco.co.uk


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