UK-based investment company Invesco Perpetual is planning to roll out a new fund known as Global Distribution Fund.
By investing in a portfolio of fixed income securities in overseas equities, the fund will aim to offer a balance of income and capital growth.
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It will invest in a range of bond classes, including investment grade, high yield and government bonds alongside cash. At least 60% ofassets will be invested in cash or traditional fixed income.
The new fund will be managed by co-heads of fixed interest, Paul Causer and Paul Read, and the Invesco Perpetual Global Equity Income Group headed by Nick Mustoe, the company said.
It will be a part of the IMA Mixed Investment 20%-60% Shares sector.
Invesco Perpetual fixed interest co-head Paul Causer said, "A fund that can combine our bond ideas with an income-focused global equity strategy is attractive for us as fund managers."
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By GlobalData"It gives us the ability to access income where it appears to be best value at different points in the cycle across a wide investment universe.
