Kepler Trust Intelligence: New research

RNS Number : 7932Q

Invesco Perpetual Select Trust Plc

08 June 2018

 

Invesco Perpetual Select Trust - Global Equity Income Portfolio: New research     

08/06/18

Highlights:

·     A concentrated portfolio of around 50 stocks with significant exposure to oil and banks, primarily held in Europe, the US and UK

·     Management seek out high quality companies at attractive valuations offering attractive yields, sustainable income and capital upside

·     The trust has performed well versus the MSCI World Index over the short and medium term, and grown its dividend every year since launch. Over the past 5 years, investors have benefited from a dividend increase of 13.5% per annum,

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IP Select's Global Equity Income Shares (IVPG) portfolio is run by a group of regional managers from the Henley on Thames offices of Invesco Perpetual, and aims achieve a growing level of income return each year, and capital appreciation over the long term, through investment in a diversified portfolio of equities worldwide.

The portfolio is relatively concentrated and is comprised of approximately 50 stocks. The GIG management team look to invest in high quality companies at attractive valuations, offering attractive yields, sustainable income and capital upside. The trust currently has significant exposure to oil companies and banks, with the majority of assets geographically split across the UK (18.4%), US (34.1%) and Europe (35.7%).

Over the past year (to the end of February 2018), the trust's NAV return has outperformed the MSCI World (6.0%), delivering 9.9%. Over five years, the NAV total returns are 83.4%, outperforming the average trust in the Morningstar IT Global Equity Income sector (48.46%) and the MSCI World NR index (83.1%).

Accompanying this, the trust has seen year-on-year increases in dividend payments since the fund's launch. Over the past 5 years, investors have benefited from a dividend increase of 13.5% per annum, some of which has come from capital. At the current price, the shares yield 3.2% (12/03/18).

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