Invesco targets out-of-favour companies

andy brough & Rosemary banyard vs andy crossley

While Andy Crossley's Invesco English fund focuses on recovery plays, the co-managed Schroder Small Cap portfolio selects from a much wider universe

The Schroder UK Mid and Small Cap and Invesco English and International investment trusts may operate in the same sector but they are starkly different vehicles. The Invesco-run company has been in the hands of Henley-based manager Andy Crossley since November 1991. Benchmarked against the Hoare Govett Smaller companies (ex investment companies) and Aim indices, it contains 170 holdings. Crossley, who works alongside Richard Smith, manager of the Invesco Perpetual UK Smaller Companies investment trust, is known for his contrarian approach in running the £270.5m international trust. Clo...