Investment policy change: Invesco Global High Income Fund
Invesco has announced a change to the investment policy of its Invesco Global High Income Fund which will take effect from 27 January 2020.
Impacts on
these guided-architecture products
Impacts on
open architecture products including
- PIMS
- Choice
- Select
What is changing?
The investment objective and policy of the Invesco Global High Income Fund (the "Fund") will change in order to re-position the Fund from a pure fundamental driven approach to a blended fundamental and systematic quant-based approach with the aim of delivering a higher ratio of return to risk than the use of a single strategy.
In light of this repositioning, the reference benchmark used to measure the global exposure of the Fund will change from Bloomberg Barclays Global High Yield Index to Bloomberg Barclays Global High Yield Corporate Index.
Invesco believe the proposed changes should benefit the shareholders over the longer term, therefore the transaction costs associated with any portfolio re-balance (which are expected to be approximately 0.50%) will be borne by the Fund. However, any other costs incurred in connection with the proposed changes will be borne by the Management company.
Funds available in our guided-architecture products
The Fund can be found in our guided architecture products Kudos and Preference.
You can view a copy of the Invesco notification document opposite.
Funds available in our open-architecture products
Various funds in our open-architecture products will be subject to an investment policy wording update. Please see the Invesco notification attached opposite for further information.
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For more information about Invesco visit https://www.invesco.co.uk