Toronto-based Invesco Canada Ltd. has launched Invesco Global Targeted Returns Pool for accredited investors on Wednesday.
The pool fund, which is available in a fee-based series, seeks to achieve a positive total return through capital growth and income in all market conditions over a rolling three-year period. It aims to achieve this with less than half the volatility of global equities over that same period, according to the firm’s announcement released on Wednesday.
Invesco Global Targeted Returns Pool will be subject to Invesco’s three-step investment strategy, which begins with selecting and approving investment ideas from across asset classes and geographies; combining those ideas into a single, diversified portfolio using a risk-based fund-management framework; and then everything is implemented through Invesco’s global trading desks.
This strategy was initially launched in 2013 and had more than US$13 billion in assets under management as of March 31. David Millar, head of Invesco’s multi-asset team, and Dave Jubb and Richard Batty, portfolio managers on that team, lead this strategy.
“We believe that the only way to achieve true diversification is to break away from the focus on asset-class constraints,” says Millar in a statement. “We’re targeting a positive return in line with risk-asset returns over the long term for our clients, but, more [importantly], we’re aiming to deliver that return with less than half of the volatility of global equities.”