UK - Invesco has launched a US equity market fund which aims to deliver returns regardless of stock market performance.
The firm’s Equity Market Neutral Fund – which is available to UK hedge fund investors – aims to provide an annualised return above US T-bills of approximately 8%, with an annual volatility of about 10%.
It applies a fundamental stock selection approach to investing systematically in large and mid-cap US equities, combined with rigorous risk control and cost-effective trading.
Head of product development for absolute return strategies Brett Bastin said: “The new fund will implement our long-standing market neutral capability with a somewhat different approach which will allow it to target higher returns.”
The fund will be managed by the Invesco GSPG, a team of 56 professionals based in New York, Boston, Frankfurt, and London, who are organised into functional teams which are focused on research, portfolio construction, product management and investment technology.
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