Invesco Perpetual set to launch UK recovery fund

Invesco Perpetual is to launch a UK recovery fund unit trust, prior to the reconstruction of the £17.7m Invesco Convertible investment trust. The fund, to be managed by Ian Carstairs, will aim to achieve capital growth through a portfolio of primarily UK securities that are considered to offer recovery prospects, such as those whose prices are particularly depressed by unjustified adverse sentiment and where a re-rating is expected. The fund will be launched by the end of August as a vehicle to retain investors following the reconstruction of the Invesco Perpetual Convertible investment...