INVESCO Perpetual will launch a US equity fund seeking to outperform the S&P 500 index on 9 July.
US Equity Benchmark Plus will aim to beat the index by 2.5pc over a market cycle, typically between three and five years. Invesco said the specific target, along with a 4pc tracking error per annum, should provide opportunities to maximise investor returns through the leverage of certain stocks within the index. Alistair Campbell, head of product management at Invesco Perpetual said: “The Invesco Perpetual US Equity Benchmark Plus Fund will be of interest to those seeking a fund which targets a specific level of return versus its benchmark over the long term. “It gives investors e...
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