Invesco Perpetual readies launch for ex-GARS team

Invesco Perpetual is preparing to roll out its answer to Standard Life Investments' GARS fund with the trio of managers it poached from the group.

The Invesco Perpetual Global Targeted Returns fund will launch as an open-ended, UK-domiciled portfolio, to be run by David Millar, Dave Jubb and Richard Batty (pictured). The aim of the fund is to achieve a positive total return in all market conditions over a rolling three-year period. It will invest in equities, equity-related securities, debt securities, and money-market instruments. The new product has been a year in the making, following the appointment of the trio in September 2012. At the time, Invesco Perpetual's head of distribution Ian Trevers said any new product would ...