I like to say that a high-conviction approach means investing in ideas — ideas that span locations, currencies, asset classes and market sectors. This priority on ideas over assets informed the creation of Invesco Global Targeted Returns, a strategy comprising 20 to 30 long-term investment ideas within one risk-managed fund.
By finding independent sources of return, the fund emphasizes a flexible approach to long-term investing and seeks to minimize volatility. In the video below, I explain the methodology behind our strategy, including how we strive to:
- Identify and combine long-term investment ideas that will work together in a single fund.
- Manage risk to deliver a lower-volatility return over time.
- Introduce additional, independent return sources, beyond traditional stocks and bonds.
Learn more about Invesco Global Targeted Returns Fund.
Learn more about high-conviction investing.
Read more blogs from our high-conviction investment managers.
Important information
Derivatives may be more volatile and less liquid than traditional investments and are subject to market, interest rate, credit, leverage, counterparty and management risks. An investment in a derivative could lose more than the cash amount invested. These risks are greater for the fund than most other funds because its investment strategy is implemented primarily through derivatives rather than direct investments in more traditional securities.
Commodities may subject an investor to greater volatility than traditional securities such as stocks and bonds and can fluctuate significantly based on weather, political, tax, and other regulatory and market developments.
Debt securities are affected by changing interest rates and changes in their effective maturities and credit quality.
The fund is nondiversified and may experience greater volatility than a more diversified investment.
Underlying investments may appreciate or decrease significantly in value over short periods of time and cause share values to experience significant volatility over short periods of time.
The fund is subject to certain other risks. Please see the current prospectus for more information regarding the risks associated with an investment in the fund.
David Millar
Head of Multi Asset, Invesco PerpetualDavid Millar is head of the Multi Asset team for Invesco Perpetual. Mr. Millar joined Invesco in January 2013 and is based in Henley-on-Thames, outside of London.
After commencing his investment career with Scottish Widows in 1989, where he qualified as an actuary, Mr. Millar joined the Fixed Interest team at Scottish Widows Investment Partnership in 1996, becoming head of Bond Strategy and chair of the Bond Policy group. In 2008, he joined Standard Life Investments as an investment director of the Multi Asset investing team. He was one of the portfolio managers on their absolute return fund and was chair of their Bond Investment group.
Mr. Millar earned a BSc (Hons) degree in mathematical statistics from the University of Cape
Town and is a Fellow of the Institute and Faculty of Actuaries.Invesco Perpetual is a business name of Invesco Asset Management Limited (IAML), an investment adviser. Invesco Distributors, Inc., Invesco Advisers, Inc. and IAML are each indirect, wholly owned subsidiaries of Invesco Ltd.