Invesco Perpetual has confirmed that William Lam will become sole manager of the Invesco Perpetual Asian fund.
Lam has been a fund manager on the Asian Equities team at Invesco Perpetual since 2006 and became co-manager of the Invesco Perpetual Asian fund in 2015, working alongside Invesco Perpetual’s head of Asian Equities, Stuart Parks.
Lam has been managing pan-Asian portfolios at Invesco Perpetual since 2009, including the Asia Pacific ex-Japan portion of the Invesco Perpetual Pacific fund and the Invesco Pacific Equity fund since 2010. Since 2009, his portfolios have on average outperformed the benchmark index by 6.7% per annum.
“William is an experienced and talented fund manager who has made a significant contribution to the success of our Asian equities franchise. He forms an integral part of a highly experienced, long-serving Asian Equities team that is supported by a first-class investment culture, market-leading capabilities and the infrastructure of a global firm,” Parks said.
“The decision for William to become the sole manager of the Asian fund is the natural next step in his career progression and is in recognition of the important role he has played in delivering outperformance for our clients and helping grow the assets of the franchise overall,” he added.
Launched on 10 February 1990, the Invesco Perpetual Asian Fund has generated a total net return of 1,338.17% against a sector average return of 920.22% and now has assets under management of £949m as at 28 February 2017. The fund aims to achieve capital growth in Asia and Australasia, excluding Japan.