UK-based Invesco Perpetual, part of investment management company Invesco, has launched a new fund called the Invesco Perpetual Global Equity Income Fund.
The fund will be managed by Paul Boyne, who joined the group in September 2008 and will capture the collective investment ideas from the Henley UK, European, US, Asian, Japanese and Emerging Market equity investment teams in one open-ended fund.
The company said that the Global Equity Income Fund aims to achieve a rising level of income, together with capital growth, and will typically have 75 stocks in the portfolio, with a range of 60 to 100 holdings.
The initial offer period for the Global Equity Income Fund is January 30, 2009 to February 27, 2009. On February 27, 2009, the Invesco Perpetual International Growth Fund will be merged into the Global Equity Income Fund, subject to shareholder approval.
As part of this long-term initiative, the Invesco Perpetual Global Dynamic Theme Fund mandate will change along with its name to the Invesco Perpetual Global Opportunities Fund. This change is expected to take place on February 27, 2009, subject to shareholder approval.
