Invesco is set to close its global targeted returns 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 is seeing "strong client demand". For the UK, Invesco believes client demand will continue for its outsourcing capabilities through the Summit ranges and model portfolio services. The Invesco Global Targeted Returns fund was launched in September 2013, with the aim of achieving a positive total return in all market conditions over a...
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