Good risk control the key to great rewards for Invesco
Invesco Asset Management Asia takes three sector awards: for three-year fixed income, emerging markets and 10-year US dollar and sterling fixed income.
The 10-year US dollar fixed-income award relates to the performance of Invesco's GT Bond Fund, and the 10-year sterling award to its sterling-denominated Invesco GT Gilt Fund. The three-year award is for the GT Emerging Markets Bond Fund.
The three funds are managed from Invesco's London office. The US dollar and gilt funds are man aged by head of fixed income Mark Dowding, and the GT Emerging Markets Bond Fund is managed by fixed-income fund manager John Cleary.
The US dollar bond fund aims to achieve long-term returns by investing in fixed-interest and floating-rate securities around the world while maintaining a high income yield. It was set up as a Hong Kong-domiciled fund in 1977. Mr Dowding has managed the fund since April 2000.
All three funds have performed strongly in recent years. As at the end of last year, GT Bond Fund shares had returned 25.99 per cent over five years and 21.85 per cent over three years. Over the same period, the gilt fund returned 46.1 per cent over five years and 21.7 per cent over three years.
The emerging markets bond fund returned 46.5 per cent over the three years.
Hong Kong-based head of retail sales for Invesco, Lavin Mok Kin-foon, said good risk control was the key to these funds' performance in their peer groups.
'The funds have been generally performing quite well and we have very good control of our risk exposure,'' he said'.
