Invesco Global Equity (UK)

Bestinvest do not rate this international equity fund

  • 556.00p
    Price (Inc)

    These are the shares in the fund that pay out an income to clients. The income is made up of the total dividends – the money a company can pay out to its investors – from the companies in the fund.

  • 640.90p
    Price (Acc)

    These are the shares in the fund that don’t pay out an income to clients. Any dividends – the money a company can pay out to its investors – are reinvested into companies in the fund. Despite no income, the shares should be worth more over time. Good incentive, eh?

  • 5.00% 0.00%

    Initial charge

    Some funds charge you when you first invest, which is aptly known as the initial charge. They’re usually between 3-5% but at Bestinvest, we usually don’t charge you a penny!

  • 1.67%
    Annual management charge

    This is how much the fund management company charges to run the fund. It’s like paying a babysitter, dog sitter or house sitter (that makes well-informed, heavily researched changes to improve your baby/dog/house when needed).

  • 1.67%
    Ongoing charges

    This stands for Ongoing Charges Figure. It’s the cost of running a fund and includes admin fees, manager fees, administration costs, etc.

  • 1.40%
    Yield

    How much the fund is currently paying out in income to investors. It’s NOT to be confused with the overall growth of a fund – a very different thing indeed. It’s also NOT a guarantee of future pay-outs, just a snapshot. This is more what it’s not than what it is…

Prices as at 18 September 2020, fund data last updated 12 December 2011

The fund aims to achieve capital growth by investing in equities globally. Previously run on a carve-out basis by Invesco Perpetual's regional teams, in early 2010 this fund came under the stewardship of their global equity group. Though ideas are still sourced by the regional teams, the global equity group form the portfolio with a view to finding valuation anomalies across the global equity universe.

Fund summary

Sector Global
Structure OEIC
Launched October, 1989
Size £1,129m
Yield 1.40%
Charging basis Income
Dividends paid 31 Oct

Charges

Standard initial charge 5.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 1.67%
Ongoing charges figure 1.67%

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Investment process

The fund aims to achieve capital growth by investing in equities quoted on world stockmarkets. Stock ideas are sourced from Invesco Perpetual's regional equity teams, who also carry out primary research. However, the portfolio is formed by the Global Equity Group, which is comprised of Invesco Perpetual's CIO, global strategists and representatives from each regional team. The Group looks to take advantage of valuation anomalies across the global universe. In looking at potential investments, the Group considers the company itself, the industry in which it operates, the economic backdrop of its base country, its management and its valuation.

The Invesco Perpetual Global Equity Group took control of this fund in 2010 and have yet to establish a good enough track record to take our interest. Investors seeking a one stop shop for global equity investment could consider Aberdeen World Equity, which is rated four stars by Bestinvest.

Manager research

Average monthly relative returns

  • 15/16 -0.64%
  • 16/17 0.30%
  • 17/18 -0.48%
  • 18/19 -1.08%
  • 19/20 -0.47%

Bestinvest MRI

  • 3 years -0.68%
  • 5 years -0.47%
  • Career -0.25%
  • 3 years 2.30%
  • 5 years 5.50%
  • Career 16.60%

Performance figures are based on the average of monthly percentage returns relative to the benchmark index.

Invesco Perpetual Global Equity Group

Invesco Perpetual Global Equity Group is chaired by CIO Nick Mustoe. The Group is a team of experienced investment professionals as follows. Fund Managers: Bob Yerbury, Paul Boyne, Doug McGraw, John Surplice,Tony Roberts, Ian Hargreaves, Stephen Anness and Dean Newman. Head of Global Equity Products: Nick Hamilton. Investment Strategist: Martin Weiss

Track record

Invesco Perpetual Global Equity Group has 10.6 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.25%. During the worst period of relative performance (from February 2014 - May 2020) there was a decline of 32% relative to the index. The worst absolute loss has been 23%.

Periods of worst performance

Absolute -23.00% (July 2018 - March 2020)
Relative -32.00% (February 2014 - May 2020)

About the MRI

Our unique indicator: the Bestinvest Manager Record Index (MRI) measures the likelihood that the fund manager is adding value through their decisions. It is based on their performance record over the course of their career, adjusted for the amount of risk taken. MRI is an important contributor to our fund rating system but it is also vital to take account of qualitative factors. It is also very important to select funds to form a cohesive portfolio with an appropriate overall risk level.

Allocation

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Top 10 holdings

Data accurate as at 31 July 2020

4.44% Roche Hldg Ag
4.29% Taiwan Semiconductor Manufacturing
4.23% Microsoft Corp
3.62% Tencent Hldgs Limited
3.61% Texas Instruments Inc
3.52% Colgate-Palmolive Co
3.35% Alphabet Inc
3.28% Mastercard Inc
3.19% Berkshire Hathaway Inc
3.06% Samsung Electronics Co
Source: Trustnet

Sector breakdown

Financials 23.00%
Information Technology 20.00%
Consumer Discretionary 15.00%
Communications 11.00%
Health Care 10.00%
Consumer Staples 8.00%
Industrials 7.00%
Energy 5.00%
Money Market 2.00%

Portfolio

80-100 holdings.

Constraints

North America: 0 to 75%; Europe: 0 to 50% UK: 0 to 30%; Japan: 0 to 30%; Asia ex Japan: 0 to 30%; Latin America/EMEA: 0 to 30%

Key Investor Information - Income

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Key Investor Information - Accumulation

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