SEI Investments has added INVESCO Asset Management to its European manager of managers team.
INVESCO joins the existing line-up of Acadian Asset Management and Capital International, both with European value briefs and Blackrock International with a European Growth mandate. INVESCO will compliment the existing trio with an aggressive growth brief.
“INVESCO’s European equity team employs a process to identify stocks and companies which they believe are competitively positioned in growth industries,” said Greg Stahl director of European investments at INVESCO.
“INVESCO manages aggressive, growth-oriented portfolios in Europe. The portfolios typically have 60 -80 stocks in them and are focused on the most attractive growth companies in Europe. This tends to lead them to a mid-cap orientation, where the fastest growth occurs in the early life cycle of the company’s life where there is some evidence of value creation. The majority of the portfolio will be invested in companies at an early stage in this lifecycle and risk control will be maintained through investments in some resurgent and mature companies.”
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