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Invesco Income Growth Trust plc

December 2016 (Content as at 30 November 2016)

Introduction

Invesco Income Growth Trust plc update

In his latest update, Ciaran explains how he goes about putting together the portfolio, including how he narrows down the range of potential investments and where he is seeing opportunities at the moment.

Watch Ciaran’s latest investment trust update

Video | Duration 16.42

14 March 2017

Ciaran Mallon, UK Equities Portfolio Manager, Invesco Perpetual

Investment objective

The Company’s investment objective is to produce income and capital growth superior to that of the UK stock market and dividends paid quarterly that, over time, grow at above the rate of inflation.

Principal investment aims

  • Have a portfolio yielding more than the FTSE All-Share Index in order to generate sufficient income;
  • Provide shareholders with dividend growth in excess of inflation over the longer term;
  • Achieve capital growth in excess of the FTSE All-Share Index over the longer term;
  • Reduce risk by diversifying investments across a wide range of companies and sectors; and
  • Enhance returns by utilising borrowings, when appropriate.

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: 27 March 1996

Fund manager: Ciaran Mallon, UK Equity Fund Manager, Invesco Perpetual. View profile.

View latest company announcements

Company Directors and Company Secretary

Hugh Twiss (Chairman)
Roger Walsom
Jonathan Silver
Davina Curling
Mark Dampier
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 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 Income Growth Trust plc by Invesco Fund Managers Limited.

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Fund manager

Ciaran Mallon

Title: Fund Manager

Team: Invesco Perpetual - UK Equities

Overview

Objective

Invesco Income Growth Trust plc's investment objective is to provide shareholders with long-term capital growth and real long-term growth in dividends from a portfolio yielding more than the FTSE All-Share Index. Further details of the investment trust's Investment Policy and Risk, Investment Approach and Investment Limits can be found in the Report of the Directors contained within the investment trust's Annual Financial Report.

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 27 March 1996
Total gross assets £190.0m
Dividend yield* 3.6%
Benchmark index FTSE All-Share Index
Available within an ISA Yes
Available within a Savings Plan Yes

Manager

Ciaran Mallon

Title: Fund Manager
Team: Invesco Perpetual - UK Equities
Investment trust/company details
Share class Ordinary Share
Currency GBP
Reporting period ends 31 March
Reporting published June
AGM July
Investment levels (within an ISA/Savings Plan)
Minimum additional lump sum £100
Minimum monthly amount £20
Minimum lump sum £500

Charges (within an ISA/Savings Plan)

Full charges are set out on pages 5 & 6 of the Investment Trust Key Features document, available from the Related features & literature tab.

Holdings

 

Literature

Invesco Income Growth Trust plc update

Video

14 March 2017

Ciaran Mallon, UK Equities Fund Manager, Invesco Perpetual

In his latest update, Ciaran explains how he goes about putting together the portfolio, including how he narrows down the range of potential investments and where he is seeing opportunities at the moment.

Invesco Income Growth Trust plc update

Video

15 July 2016

Ciaran Mallon, UK Equities Portfolio Manager, Invesco Perpetual

In his latest video update, Ciaran provides an update on the investment trust and, following the EU referendum result, explains how the portfolio is positioned and where he is seeing opportunities currently.

Invesco Perpetual Select Trust plc UK Equity update

Video

21 November 2016

James Goldstone, UK Equities Portfolio Manager, Invesco Perpetual

In his latest video, James Goldstone gives us an insight into his investment approach and managing the UK Equity Share Portfolio.

Company Directors

Hugh Twiss (Chairman)
Christopher Hills
Roger Walsom
Jonathan Silver
Davina Curling
Paul Griggs (Company Secretary)

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

The value of investments and any income will fluctuate (this may partly be as a result of exchange rate fluctuations) and investors may not get back the full amount invested. Depending on individual circumstances, this may affect investment returns. Past performance is not a guide to future returns. The market price of shares in investment trusts may not reflect their underlying net asset value. The ordinary shares are geared by way of a bank overdraft. As a consequence, any reduction in the value of the trust's investments may lead to a correspondingly greater percentage reduction in its net asset value which would be likely to adversely affect the investment trust's share price.

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. All portfolio figures are as at date shown (source: Invesco Perpetual). 50% of the annual management charge, and any performance-related fees which become payable and loan interest will be deducted from the investment trust's capital, which may boost income but constrain or erode long-term capital growth. 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 information on this page is selective and does not constitute an offer, or an invitation to subscribe for, or purchase, any securities. This page does not form part of any prospectus and application for shares should be considered only on the basis of a full prospectus. Where Invesco Perpetual has expressed views and opinions, these may change. For detailed information on our investment trusts, please contact us.