The Invesco Perpetual Global Targeted Returns fund has won a £101m mandate from The Pensions Trust, Invesco has announced.
The fund was launched in 2013 by managers who previously worked on a similar product at Standard Live Investments, the Global Absolute Return Strategies fund.
At Invesco, managers Richard Batty, Dave Jubb and head of Multi Asset David Millar (pictured), are implementing a strategy that looks for ideas across asset classes and geographies, which combines these into a single portfolio.
The fund aims to offer positive returns over rolling three year periods, regardless of market conditions, and at less than half the volatility of global equities over similar periods.
David Adkins, chief investment officer at The Pensions Trust, said: “The Invesco Perpetual multi-asset team’s investment credentials and track record speak for themselves, and the Global Targeted Returns fund‘s strategy, which seeks to provide positive returns with a low level of volatility, suits our investment goals perfectly.”