04 May 2023
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Invesco Global Equity Income Fund (UK)
Stephen Anness, Head of Global Equities
The last three years have been turbulent for global markets. We’ve had a new president in the US, a carousel of UK prime ministers and chancellors, the war in Ukraine, rising inflation and interest rates, and a global pandemic to name a few events which have caused uncertainty for investors.
In this short video update, Stephen reflects on the last three years since he took over as Head of the Henley-based Global Equities team in January 2020.
He shares what he and the team have been doing in their portfolio, how performance has been and what he thinks the outlook might be for both global equities and income funds.
Investment risks
Unlike money deposited in a bank or building society account, an investment involves stock market risk. The value of investments and any income will fluctuate (this may partly be the result of exchange rate fluctuations) and investors may not get back the full amount invested.
When making an investment in an investment trust you are buying shares in a company that is listed on a stock exchange. The price of the shares will be determined by supply and demand. Consequently, the share price of an investment trust may be higher or lower than the underlying net asset value of the investments in its portfolio and there can be no certainty that there will be liquidity in the shares.
The use of borrowings may increase the volatility of the NAV and may reduce returns when asset values fall.
The Invesco Select Trust plc uses derivatives for efficient portfolio management which may result in increased volatility in the NAV. In addition, some companies are suspending, lowering or postponing their dividend payments, which may affect the income received by the product during this period and in the future.
The Invesco Select Trust plc – Global Equity Income Share Portfolio invests in emerging and developing markets, where difficulties in relation to market liquidity, dealing, settlement and custody problems could arise.
The Invesco Select Trust plc UK Equity Share Portfolio invests in smaller companies which may result in a higher level of risk than a product that invests in larger companies. Securities of smaller companies may be subject to abrupt price movements and may be less liquid, which may mean they are not easy to buy or sell.
Important information
All information as at 23 March 2023, unless otherwise stated.
This is marketing material and not financial advice. It is not intended as a recommendation to buy or sell any particular asset class, security or strategy. Regulatory requirements that require impartiality of investment/investment strategy recommendations are therefore not applicable nor are any prohibitions to trade before publication.
Views and opinions are based on current market conditions and are subject to change.