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Invesco Perpetual launches Asian equity income fund


Invesco Perpetual is launching a new fund, the Invesco Perpetual Asian Equity Income Fund, on the 7 March 2011. The fund aims to generate a rising level of income together with long-term capital growth by investing primarily in shares of companies in Asia and Australasia (excluding Japan). Asian equity markets offer extensive diversification across countries, sectors and stocks, giving the fund managers a wide range of income opportunities to explore.

Managed by Citywire AA-rated Stuart Parks and Asian equity fund manager, Tim Dickson, the fund draws on Invesco Perpetual’s high quality Asian equity franchise and proven track record in the region, as well as its strong reputation in equity income strategies.  It is a natural extension of Invesco Perpetual’s existing equity income suite which covers UK, Europe, Global, and now Asia.

The fund management team will target a dividend yield of 120 per cent of the MSCI AC Asia Pacific ex-Japan Index.

“Asia is the fastest growing region in the world and is the driving force behind global growth," says Stuart Parks, Head of Asian Equities. "The region’s equity markets offer a wide range of opportunities to access these dynamic economies. In tandem with their economies, Asian companies are becoming increasingly important in a global context. Their ability to harness growth at home, as well as demand from overseas, gives them strong and enduring earnings potential which in turn feeds into revenues and profits. Asian companies increasingly recognise the importance of shareholders and as a result dividends are rising. We believe this only strengthens the outlook for Asian equity markets.”

The managers selective and unconstrained stock-picking approach enables them to seek out undervalued companies that can grow earnings and dividends. Reflecting their strong belief that a focus on immediate yield alone is not enough, the managers highlight dividend safety and dividend growth as key considerations in protecting the funds ability to deliver positive long-term returns.

“We are launching this fund to enable income seeking investors to participate in the opportunities that we see in Asian equity markets," says Ian Trevers, Head of Distribution. "At launch we expect the yield on this fund to be close to 4%. While companies paying high dividends will be at the fund’s core, its flexible approach permits investment in companies with greater growth prospects with the aim of delivering a rising income over time.”


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