Morningstar
Get 14 Days Free

Invesco Global Targeted Returns Fund (UK) (Acc)

Performance History31/07/2020
Growth of 1,000 (GBP) Advanced Graph
Invesco Global Targeted Returns Fund (UK) (Acc)
Fund2.90.6-4.52.6-2.5
+/-Cat-----
+/-B’mrk-----
 
Category: Alt - Multistrategy
Category Benchmark: -
Key Stats
NAV
05/08/2020		 GBX 56.20
Day Change 0.11%
Morningstar Category™ Alt - Multistrategy
IA (formerly IMA) Sector Targeted Absolute Return
ISIN GB00B8CHCY21
Fund Size (Mil)
30/06/2020		 GBP 7519.24
Share Class Size (Mil)
31/12/2013		 GBP 8.38
Max Initial Charge -
Ongoing Charge
10/06/2020		  1.57%
Morningstar Research
Analyst Report

Invesco Global Targeted Returns is run by an experienced group of managers, but we lack conviction in its investment process. While the team’s thorough risk management approach should continue to protect investors from large losses, we view the...

Click here to read this analyst report on the underlying fund.
Morningstar Pillars
PeopleAverage
ParentAverage
ProcessAverage
Performance
Price
Investment Objective: Invesco Global Targeted Returns Fund (UK) (Acc)
The Fund aims to achieve a positive total return in all market conditions over a rolling 3 year period. The Fund targets a gross return of 5% per annum above UK 3 month LIBOR. The Fund aims to achieve this with less than half the volatility of global equities, over the same rolling 3 year period. There is no guarantee that the Fund will achieve a positive return or these targets and an investor may not get back the amount invested. The Fund seeks to achieve its objective by using a range of investment strategies and techniques to invest actively in a broad selection of asset classes across all economic sectors worldwide. These asset classes will include equities, equity related securities, debt securities (including those issued by corporate bodies, governments and/or supranational institutions), warrants, collective investment schemes (including exchange traded funds and funds managed by the Invesco group), cash, money-market instruments and any other eligible instrument.
Returns
Trailing Returns (GBP)05/08/2020
YTD-1.94
3 Years Annualised-1.85
5 Years Annualised0.01
10 Years Annualised-
12 Month Yield 1.32
Management
Manager Name
Start Date
Sebastian Mackay
31/01/2020
Richard Batty
09/09/2013
Click here to see others
Inception Date
11/11/2013
Advertisement
Category Benchmark
Fund BenchmarkMorningstar Benchmark
LIBOR 3 Month GBP + 5%-
Target Market
Role In Portfolio
Standalone / CoreNot Specific
ComponentNot Specific
OtherNot Specific
Primary Objective
PreservationNot Specific
GrowthYes
IncomeNot Specific
HedgingNot Specific
OtherNot Specific
Portfolio Profile for  Invesco Global Targeted Returns Fund (UK) (Acc)30/04/2020
Morningstar Style Box®
Equity Style
Morningstar Style Box®
Fixed Income Style
Asset Allocation
  % Long% Short% Net Assets
Stock35.1234.350.77
Bond55.7437.6018.14
Property0.000.000.00
Cash330.56233.2197.36
Other20.1536.84-16.69
Fixed Income
Effective Maturity-
Effective Duration-
Top 5 Regions%
United States24.08
United Kingdom23.52
Eurozone15.25
Asia - Emerging11.85
Asia - Developed11.42
Top 5 Sectors%
Financial Services16.54
Technology13.22
Communication Services10.97
Healthcare10.82
Consumer Cyclical10.52
Top 5 HoldingsSector%
Mexico (United Mexican States) 10%9.62
Short Term Euro-Btp Future Jun 0... 7.10
Ultra US Treasury Bond Future Ju... 6.07
STOXX EUROPE 600 FUTURE JUN 19 205.32
SOCIETE GENERALE (Suisse) 0%4.71
Increase Decrease New since last portfolio
Invesco Global Targeted Returns Fund (UK) (Acc)

Related

Fund Research & Insights
ISA and SIPP Investors' Favourite Funds
Where are investors allocating their ISA and SIPP allowances? There is just one day to go until the end of the 2016/17 tax year
Karen Kwok
Fund Research & Insights
3 Top Rated Absolute Return Funds
Morningstar fund analyst Randal Goldsmith picks three multi-asset funds that deploy alternative assets with success in their portfolios
Randal Goldsmith
Fund Research & Insights
What Funds are Investors Buying and Selling in 2016?
2016 has been a year full of surprises. So how have investors reacted to the political turmoil and stock market noise? We reveal the most popular fund...
Karen Kwok
Fund Research & Insights
Absolute Return Funds Fail to Deliver Despite £6bn Inflows
Investors continue to seek shelter in absolute return funds during market uncertainty, but some of those funds have lost investors money
Karen Kwok
Fund Rating News
Invesco Perpetual Global Targeted Returns - Bronze
FUND RESEARCH UPDATE: New Rating of Bronze
Randal Goldsmith
Fund Research & Insights
Investors Continue to Seek Shelter in Absolute Return Funds
Investors have bought more multistrategy fundsthan any other asset class this year, reflecting their concerns over volatility and asset prices
Karen Kwok
Fund Research & Insights
How Have Absolute Return Funds Fared in Volatile Markets?
Money has been pouring into Absolute Return funds - but which ones have continued to deliver for investors as market volatility increases? 
Sam Shaw
Fund Research & Insights
Investors Sell £9bn Bond Funds
Investors sold more bond funds than any other asset class throughout the year. But which fund turns out to be investors' favourite in 2015?  
Karen Kwok
ISA Investing
Saving Cash for Your Child is a Waste
Saving cash on behalf of your offspring as tantamount to throwing money away; instead, invest small amounts regularly in a top-rated equity fund to bu...
Kara Gammell
Fund Research & Insights
Investors Abandon Bond Funds for Absolute Return and Property
Investors are losing confidence in bonds as safe haven assets, selling out of bond funds in favour of absolute return strategies and commerc...
Emma Wall
In order to provide consistency across the report data provided by different Asset Managers, the calculated data points presented are generated using Morningstar’s proprietary calculation methodology which is set out in more detail at(https://www.morningstar.com/research/signature)

Audience Confirmation

By clicking 'accept' I acknowledge that this website uses cookies and other technologies to tailor my experience and understand how I and other visitors use our site. See 'Cookie Consent' for more detail.
  • Other Morningstar Websites
© Copyright 2020 Morningstar, Inc. All rights reserved.      Terms of Use     Privacy Policy.    Cookie Consent
© Copyright 2020 Morningstar, Inc. All rights reserved.

Terms of Use        Privacy Policy        Cookies

The Morningstar Star Rating for Stocks is assigned based on an analyst's estimate of a stocks fair value. It is projection/opinion and not a statement of fact. Morningstar assigns star ratings based on an analyst’s estimate of a stock's fair value. Four components drive the Star Rating: (1) our assessment of the firm’s economic moat, (2) our estimate of the stock’s fair value, (3) our uncertainty around that fair value estimate and (4) the current market price. This process culminates in a single-point star rating that is updated daily. A 5-star represents a belief that the stock is a good value at its current price; a 1-star stock isn't. If our base-case assumptions are true the market price will converge on our fair value estimate over time, generally within three years. Investments in securities are subject to market and other risks. Past performance of a security may or may not be sustained in future and is no indication of future performance. For detail information about the Morningstar Star Rating for Stocks, please visit here

Quantitative Fair Value Estimate represents Morningstar’s estimate of the per share dollar amount that a company’s equity is worth today. The Quantitative Fair Value Estimate is based on a statistical model derived from the Fair Value Estimate Morningstar’s equity analysts assign to companies which includes a financial forecast of the company. The Quantitative Fair Value Estimate is calculated daily. It is a projection/opinion and not a statement of fact. Investments in securities are subject to market and other risks. Past performance of a security may or may not be sustained in future and is no indication of future performance. For detail information about the Quantiative Fair Value Estimate, please visit here