Invesco to close global targeted return strategy in push to simplify multi-asset range

Invesco is set to close its global targeted return strategy in a push to simplify its multi-asset product range, subject to regulatory authorisation.  The closure follows a strategic review undertaken by the firm, which concluded that current demand for targeted return strategies had continued to diminish.  This led to the decision to focus on other capabilities within its multi-asset franchise, where it said it was seeing "strong client demand". For the UK, Invesco said it expected client demand would continue for its outsourcing capabilities, through the Summit ranges and Model Port...