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Invesco relaunches UK companies fund with sustainability “front and centre”

UK mapThe Invesco UK Companies fund has been relaunched as the Invesco Sustainable UK Companies fund.

The high conviction, actively-managed equity portfolio will continue to be managed by Tim Marshall, a fund manager in Invesco’s UK equities team.

The relaunched fund will use a scoring system and proprietary research to identify best-in-class data to identify opportunities in “misunderstood and mispriced” companies that “demonstrate superior sustainable characteristics”.

The fund’s overall risk profile and objective of achieving long-term – defined as five years plus – capital growth remain unchanged.

“As society transitions to a more sustainable future, our industry has an important role in both financing the transition and providing investors with access to the opportunities that arise from it,” said Alexander Millar, head of UK distribution at Invesco.

The relaunched fund will invest 100% of its assets, excluding derivatives, cash, and cash equivalents, in investments that meet its ESG criteria, with at least 80% in UK companies and up to 20% in non-UK companies.

Invesco said that the fund will take a flexible approach, with no in-built sector bias, albeit with a preference for larger companies.

Marshall added: “In our view, the long-term investment opportunity in UK companies promoting sustainable themes is underestimated.

“We believe that putting sustainability front-and-centre, above all stylistic factors such as value and growth, will create attractive long-term return potential for clients. This is the hallmark of the fund.”

Marshall will be supported by Invesco’s 20-strong global ESG team, which conducts fundamental research in coordination with Invesco’s investment teams, particularly in cases where an investment team judges that further investigation is warranted.

The benchmark used to compare the fund’s performance will change from the Investment Association UK All Companies Sector to the FTSE All Share index (net total return).

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