Webinar replay: UK Equities update

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  • 01 hr 02 mins 39 secs

Learning: Unstructured

Ciaran Mallon and James Goldstone took over the management of the Invesco UK Equity Income Fund (UK) and Invesco UK Equity High Income Fund (UK) in May of this year. Six months on, Ciaran and James provide a brief overview of their investment philosophy and approach, and the importance of ESG as an integral part of the process.

They demonstrated improvements in terms of:

  • Clear differentiation of funds
  • Effectiveness of the process in action

They also gave an update on the substantial progress made in the repositioning of the portfolios, to reflect the objectives of the funds, and their own convictions, as well as detailed insight into the portfolio construction process and why each stock deserves a place in the portfolio.

Read for further details on portfolio construction and the competition for capital.

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.

Invesco UK Equity High Income Fund (UK) and Invesco UK Equity Income Fund (UK)

The funds 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 one of the key objectives of the funds are to provide income, the ongoing charge is taken from capital rather than income. This can erode capital and reduce the potential for capital growth.

The funds invest in smaller companies which may result in a higher level of risk than a fund 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.

The funds may invest in private and unlisted equities which may involve additional risks such as lack of liquidity and concentrated ownership. These investments may result in greater fluctuations of the value of the fund. The Manager, however, will ensure that any investments in private and unlisted equities do 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.

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 the Invesco website.

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.

Channel: Invesco



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