Sebastian Mackay will take on responsibility for three target risk funds as the new co-manager at Invesco, including the Invesco Global Targeted Returns (GTR) Fund, according to Citywire Selector. The explosive thing is that this fund has attracted attention with a capital outflow of EUR 2.8 billion in 2019 according to the Citywire database.
An Invesco spokesperson explained that 2018 in particular was a difficult year for the fund, but that performance had improved again last year. In terms of both volatility and returns, the fund would now be back on track in the long term. Against the background of increasing uncertainty, the company prefers a high degree of diversification in response to the current market situation.
In terms of investment ideas, the aim is to look beyond the horizon in order to focus on interesting equities, for example, but also on bonds or currencies that offer an alternative with a relative value approach with a two to three-year investment horizon. The figures for 2019: according to the Citiwire database, the Invesco GTR Fund achieved a profit of 2.1% in the sector Alt UCITS – Multi-Strategies.
Mackay is also co-director of Invesco Global Targeted Returns Select II Funds and Invesco Global Targeted Returns Select, which are managed by Dave Jubb, David Millar, Gwilym Satchell and Richard Batty. In Invesco Global Targeted Income (UK), however, Mackay acts jointly with Satchell, Batty and Georgina Taylor.
Overall, there were some movements in Invesco’s fund management following the announcement of a personnel change in October last year: Stephanie Butcher has been acting as CIO since the turn of the year.
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