Invesco Global Opportunities (UK)

Targets capital growth from a relatively concentrated portfolio of equities worldwide.

  • 184.49p
    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.

  • -
    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!

  • 1.70%
    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).

  • 1.70%
    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.

  • 0.70%
    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 20 August 2003

The fund aims to achieve long-term capital growth through a portfolio of primarily global equities.

Fund summary

Sector Global
Structure OEIC
Launched October, 1997
Size £202m
Yield 0.70%
Charging basis Income
Dividends paid Acc units only

Charges

Standard initial charge 5.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 1.70%
Ongoing charges figure 1.70%

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Investment process

Manager research

Average monthly relative returns

  • 15/16 0.00%
  • 16/17 -0.61%
  • 17/18 -0.59%
  • 18/19 0.00%
  • 19/20 1.24%

Bestinvest MRI

  • 3 years 0.22%
  • 5 years 0.00%
  • Career 0.29%
  • 3 years 50.00%
  • 5 years 0.00%
  • Career 88.30%

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

Stephen Anness

Based in Henley-on-Thames, Anness is a member of Invesco Perpetual’s Global Equity Group and specialises in managing concentrated equity portfolios. He began his investment career within the UK Equities team, joining the company in July 2002 as a trainee analyst. He started managing UK equity portfolios in September 2004. He took over some of the portfolio management responsibilities of veteran fund manager, Ed Burke, upon his retirement in 2008. He holds a BSc in Economics from the University of Swansea, The Securities Institute Diploma, Investment Management Certificate and has studied Corporate Finance at The London Business School.

Track record

Stephen Anness has 4.6 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.29%. During the worst period of relative performance (from January 2009 - November 2011) there was a decline of 17% relative to the index. The worst absolute loss has been 26%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is 88%.

Periods of worst performance

Absolute -26.00% (June 2008 - March 2009)
Relative -17.00% (January 2009 - November 2011)

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

6.97% Twilio Inc
6.86% Facebook Inc
5.31% Amazon.com Inc
5.03% Servicenow Inc
4.59% Salesforce.com Inc
4.5% Paypal Hldgs Inc
4.18% Illumina Inc
4% Alibaba Group Hldg Ltd
3.68% Alphabet Inc
3.62% Splunk
Source: Trustnet

Sector breakdown

Information Technology 40.00%
Health Care 25.00%
Communications 17.00%
Consumer Discretionary 10.00%
Industrials 4.00%
Materials 2.00%
Money Market 2.00%

Key Investor Information

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