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Invesco Perpetual Select Trust plc Balanced Risk Share Portfolio

April 2016 (Content as at 31 March 2016)

Introduction

Investment objective

The investment objective of the Balanced Risk Share Portfolio is to provide shareholders with an attractive total return in differing economic and inflationary environments, and with low correlation to equity and bond market indices by gaining exposure to three asset classes: debt securities, equities and commodities.

Further details of the Company’s Investment Policy and Risk and Investment Limits can be found in the Report of the Directors contained within the Company’s Annual Financial Report.

Key facts

Launch date (Invesco Perpetual Select Trust plc): 23 November 2006

Fund manager: Scott E Wolle, Chief Investment Officer, Invesco Global Strategies - Global Asset Allocation. View profile.

View latest company announcements

 

Company Directors and Company Secretary

Patrick Gifford (Chairman)
Alan Clifton
Sir Michael Bunbury
Victoria Muir
Craig Cleland
Paul Griggs (Company Secretary)

Should you wish to contact a member of the Board of Directors, please do so via the Company Secretary (see Contact details).

Investment risks

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 investment trust may use derivatives for the purpose of efficient portfolio management. There may not be a precise correlation between price movements in the underlying securities, currency or index, on the one hand, and price movements in the investments, which are the subject of the hedge, on the other. In addition, an active market may not exist for a particular derivative instrument at any particular time.

The Invesco Perpetual Select Trust plc Balanced Risk portfolio will make significant use of financial derivatives (complex instruments) which will result in large fluctuations in the value of the investment trust. Leverage created from borrowing on certain types of transactions including derivatives may impair the investment trust liquidity, cause it to liquidate positions at unfavourable times or otherwise cause the investment trust not to achieve its intended objective. Leverage occurs when the economic exposure created by the use of derivatives is greater than the amount invested resulting in the investment trust being exposed to a greater loss than the initial investment.

The Invesco Perpetual Select Trust plc Balanced Risk portfolio will gain exposure to commodities which are generally considered to be high risk investments and may result in large fluctuations in the value of the investment trust.

The Directors intend that each portfolio will effectively operate as if it were a stand-alone company. However, prospective investors should be aware that in the event that any of the portfolios have insufficient funds or assets to meet all of its liabilities, such a shortfall would become a liability of the other portfolios. In addition, should the investment trust incur material liabilities in the future, a significant fall in the value of the investment trust’s assets as a whole may affect the investment trust’s ability to pay dividends on a particular class of Shares, even though there are distributable profits attributable to the relevant portfolio.

The investment trust may use borrowings to invest in the market. The use of borrowings may enhance total return when the value of the investment trust’s assets is rising, but it will have the opposite effect when asset values fall. The use of borrowings may increase the volatility of the share price and the net asset value per share. In certain circumstances, the investment trust may be required to repay borrowings and this could adversely affect income and capital returns.

Issued on behalf of the board of the Invesco Perpetual Select Trust plc by Invesco Fund Managers Limited.

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Fund manager

Scott E Wolle

Title: Chief Investment Officer

Team: Invesco Global Strategies - Global Asset Allocation

Overview

Objective

The investment objective of the Hedge Fund Share Portfolio is to achieve an absolute return of 3-month sterling LIBOR plus 5 per cent. per annum over a rolling 5-year period, coupled with low volatility. Capital preservation is a priority. The Hedge Fund Share Portfolio will principally consist of investments in debt securities the return on each of which is directly linked to the performance of a diversified fund of hedge funds managed by Fauchier Partners Management on advice from Fauchier Partners (Fauchier Managed Funds). These funds will include the Fauchier Allocator Funds, exempt open-ended investment companies incorporated in Bermuda and listed on the Irish Stock Exchange.

Fixed interest roundtable Q&A: where next for bond markets?

Video

15 July 2015

Invesco Perpetual Fixed Interest team

In this live roundtable with fund managers from our Fixed Interest team, they discussed key issues including whether the Greek debt crisis matters for bond markets and the current macroeconomic backdrop.

Market commentary

Key facts
Product type Investment trust/company
Launch date 23 November 2006
Total gross assets £8.8m
Dividend yield* 0.0%
Available within an ISA Yes
Available within a Savings Plan No

Manager

Scott E Wolle

Title: Chief Investment Officer
Team: Invesco Global Strategies - Global Asset Allocation
Investment trust/company details
Share class Ordinary Share
Currency GBP
Reporting period ends 31 May
Reporting published August
AGM September
Investment levels (within an ISA/Savings Plan)
Minimum additional lump sum n/a
Minimum monthly amount n/a
Minimum lump sum n/a

Charges (within an ISA/Savings Plan)

Holdings

 

Literature

Monthly Market Roundup - covering July 2016

Article

03 August 2016

Invesco Perpetual

We review global market developments in July, highlighting the best and worst performing sectors globally.

Monthly Market Roundup – covering September 2016

Article

05 October 2016

Invesco Perpetual

We review global market developments in September, highlighting the best and worst performing sectors globally.

Monthly Market Roundup – covering August 2016

Article

05 September 2016

Invesco Perpetual

We review global market developments in August, highlighting the best and worst performing sectors globally.

Company Directors

Patrick Gifford (Chairman)
David Rosier
 

Company Secretary

Karina Bryant

Should you wish to contact a member of the Board of Directors, please do so via the Company Secretary.

Contact details

London Stock Exchange

Latest company news

View announcements

Literature and forms

Investment risks

Important information

This information has been issued on behalf of the board of the investment trust and has been approved for issue by Invesco Asset Management Limited, its Manager and Company Secretary.