Insight

Meet the manager

20 August 2020
Stephen Anness
Stephen Anness
Head of Global Equities
Meet Stephen Anness

Stephen Anness, took over the fund management of the trust’s Global Equity Income share portfolio earlier this year.

Here he introduces himself and

  • Explains how he draws on not only his own experience in managing the portfolio, but how he can leverage the perspectives and viewpoints of both his team and the wider business
  • Describes his investment approach and the factors that influence his day-to-day decisions
  • Provides his outlook for the coming months in light of what has been a very unusual year.

  • The value of investments and any income will fluctuate (this may partly be the result of exchange-rate fluctuations) and investors may not get back the full amount invested.

    When making an investment in an investment trust you are buying shares in a company that is listed on a stock exchange. The price of the shares will be determined by supply and demand. Consequently, the share price of an investment trust may be higher or lower than the underlying net asset value of the investments in its portfolio and there can be no certainty that there will be liquidity in the shares.

    The product uses derivatives for efficient portfolio management which may result in increased volatility in the NAV. The use of borrowings may increase the volatility of the NAV and may reduce returns when asset values fall.

    As a result of COVID-19, markets have seen a noticeable increase in volatility as well as, in some cases, lower liquidity levels; this may continue and may increase these risks in the future. In addition, some companies are suspending, lowering or postponing their dividend payments, which may affect the income received by the Invesco Perpetual Select Trust plc Global Equity Income Share Portfolio during this period and in the future.

    The product invests in emerging and developing markets, where difficulties in relation to market liquidity, dealing, settlement and custody problems could arise.

  • Where Stephen Anness has expressed opinions, they are based on current market conditions, may differ from those of other investment professionals and are subject to change without notice.

    This document is marketing material and is not intended as a recommendation to invest in any particular asset class, security or strategy. Regulatory requirements that require impartiality of investment/investment strategy recommendations are therefore not applicable nor are any prohibitions to trade before publication. The information provided is for illustrative purposes only, it should not be relied upon as recommendations to buy or sell securities.

    For more information on our products, please refer to the relevant Key Information Document (KID), Alternative Investment Fund Managers Directive document (AIFMD), and the latest Annual or Half-Yearly Financial Reports. This information is available using the contact details shown.