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We bring together investment trust providers, platforms, and industry speakers to uncover the investment opportunities provided by closed-end funds. Sponsored by: abrdn, AIC, Allianz Global Investors, Baillie Gifford, BlackRock and Schroders.
We bring together investment trust providers, platforms, and industry speakers to uncover the investment opportunities provided by closed-end funds. Sponsored by: abrdn, AIC, Allianz Global Investors, Baillie Gifford, BlackRock and Schroders.
James Goldstone, Fund Manager
Once again macroeconomic developments were the main driver of volatility in the third quarter.
The UK market ended the period slightly higher on news of falling UK inflation that might suggest that UK interest rates are now at or at least very close to their peak.
The future remains uncertain but there are also reasons for optimism.
In his latest video update, James reflects on the quarter and answers the following questions:
00:23 - What has been happening in the UK equity market and economy over the last quarter?
02:42 - How did the UK Equity Share Portfolio perform over the quarter?
06:35 - What changes have been made in the portfolio over the last quarter?
06:52 – What is the outlook for UK equities?
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 use of borrowings may increase the volatility of the NAV and may reduce returns when asset values fall.
The Invesco Select Trust plc uses derivatives for efficient portfolio management which may result in increased volatility in the NAV. In addition, some companies are suspending, lowering or postponing their dividend payments, which may affect the income received by the product during this period and in the future.
The Invesco Select Trust plc UK Equity Share Portfolio invests in smaller companies which may result in a higher level of risk than a product that invests in larger companies. Securities of smaller companies may be subject to abrupt price movements and may be less liquid, which may mean they are not easy to buy or sell.
Important information
All information correct as at 11 October 2023 unless otherwise stated.
This is marketing material and not financial advice. It is not intended as a recommendation to buy or sell 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.
Views and opinions are based on current market conditions and are subject to change.
For more information on our products, please refer to the relevant Key Information Document (KID), Alternative Investment Fund Managers Directive document (AIFMD), and the latest Annual or Half-Yearly Financial Reports. This information is available on the website www.invesco.com/uk/en/investment-trusts.html.
Further details of the Company’s Investment Policy and Risk and Investment Limits can be found in the Report of the Directors contained within the Company’s Annual Financial Report.
If investors are unsure if this product is suitable for them, they should seek advice from a financial adviser.
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.
