Head of Global Equities Stephen Anness
BSc in Economics, Securities Institute Diploma, the Investment Management Certificate from the CFA Society of the UK.
Invesco Global Equity Income Trust plc
Please read the Investment risks and Footnotes at the bottom of the page.
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Overview
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Why consider Invesco Global Equity Income Trust plc?
- A focus on finding quality companies at attractive prices that can grow cashflows, to provide income and growth for investors.
- A high-conviction, high active share, globally diversified portfolio of around 40-45 holdings spread across sectors, geographies and market capitalisation.
- An annual dividend target of at least 4% set by IGET’s Board, ensuring a focus on delivering predictable income.¹
¹ The dividend policy involves paying at least 4% calculated on the unaudited year end NAV, paid quarterly in equal amounts. This is not guaranteed.
Investment objective
The Invesco Global Equity Income Investment Trust aims to provide an attractive level of predictable income and capital appreciation over the long term, predominately through investment in a diversified portfolio of equities worldwide.
For more information about the Trust’s objectives, please view the documents below.
Monthly factsheet
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Annual financial report 2024
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Quarterly update
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Half yearly financial report 2024
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How we invest
With an active approach to stock selection, the process is carefully designed to seek to stack the odds of success in the portfolio’s favour, with risk management considered throughout. The process is focused on IDEAS: Identify potential ideas; Determine the most promising; Evaluate the opportunity; Approve the idea; Structure the portfolio.
The portfolio is made up of three categories. First, dividend compounders. A minimum of 70% of the fund will be in companies that have a strong track record of paying and growing dividends. Second, up to 20% in low yielding, but faster growth stocks. These are companies with excellent capital allocation*, resulting in compelling returns on invested capital or a progressive buy back policy**. Finally, up to 10% of the portfolio will be invested in Dividend Restoration ideas - businesses that are undergoing a temporary challenge or turnaround, but where we see a clear route to dividend restoration.
*Capital allocation: distributing and investing a company's financial resources in ways that will increase its efficiency and maximize its profits.
**Buy back: when a company buys back its shares and is a way for the company to reinvest in itself.
Key facts
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Financial calendar
| Announcements | Dividend payable | Annual General Meeting |
|---|---|---|
| Year End 31 May 2024 | 1st Interim Dividend July/August 2024 | October 2024 |
| Annual Financial Results September 2024 | 2nd Interim Dividend October/November 2024 | |
| Half-Yearly Financial Results February 2025 | 3rd Interim Dividend January/February 2025 | |
| 4th Interim Dividend April/May 2025 |
Learn more about this Trust
Sign up for alerts or contact our specialist team if you have any questions or need assistance with anything related to this trust.
When you interact with us, we may collect information about you which constitutes personal data under applicable laws and regulations. The Trust privacy notice (PDF) explains how we use and protect your personal data.
Performance
Standardised rolling 12-month performance (% growth)
| 31.03.20 31.03.21 |
31.03.21 31.03.22 |
31.03.22 31.03.23 |
31.03.23 31.03.24 |
31.03.24 31.03.25 |
|
|---|---|---|---|---|---|
| Ordinary Share Price | 50.2 | 16.7 | 2.8 | 16.1 | 27.5 |
| Net Asset Value | 46.1 | 14.1 | 10.9 | 19.0 | 8.0 |
| MSCI World Index (£) Total Return | 38.4 | 15.4 | -1.0 | 22.5 | 4.8 |
Cumulative performance (% growth)
Ordinary share price performance figures have been calculated using daily closing prices with dividends reinvested. NAV performance figures have been calculated using daily NAV with dividends reinvested. The NAV used includes current period revenue and values debt at fair. The Benchmark performance shown is total return. All performance figures are in sterling as at %%asAt%% unless otherwise stated. Standardised past performance figures are updated on a quarterly basis. Source: Morningstar.
Related insights
Equities
Lessons for market volatility
Stephen Anness, Head of Global Equities, shares some lessons learnt from the previous drawdowns we’ve experienced in order to help investors navigate the ongoing market volatility.
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Equities
Geopolitics vs. fundamentals: The tug-of-war in equity markets
Stephen Anness and Joe Dowling discuss why strong company fundamentals drive long-term performance, emphasizing the importance of focusing on business quality over short-term market turbulence caused by geopolitical events.
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Equities
Invesco Global Equity Income – video update
Key things impacting the outlook for global equities in 2025: Donald Trump, artificial intelligence (AI) and ‘hangover stocks’.
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Managers & directors
Company directors
Should you wish to contact a member of the Board of Directors, please email the Company Secretary. When you interact with us, we may collect information about you which constitutes personal data under applicable laws and regulations. Our Trust privacy notice (PDF) explains how we use and protect your personal data.
Literature
Kepler Trust Intelligence – Research Note (view on Kepler website)
Marketing Committee terms of reference
Schedule of matters reserved for Board
Audit Committee terms of reference
Nomination Committee terms of reference
Management Engagement Committee terms of reference
Circular to Shareholders
Invesco Select Trust plc – Circular: notice of general meeting (August 2021)
Circular: notice of general meeting (November 2019)
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