Invesco launches global financials fund for Causer and Read

The fund will seek to deliver attractive total returns over the medium to long term by investing globally in capital securities and equities of banks and other financial institutions, as well as cash and cash equivalents. It will launch on 25 January with £2m in seed money and sit in the IMA Specialist sector. At launch, the fund will be predominantly a fixed income vehicle, as this is where the team sees the most value. The equity portion of the fund, to be run by Mustoe utilising the expertise of the Invesco Perpetual management team, will be around 0-5% of the fund at launch but has t...