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."
"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.
