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Scott Wolle, Invesco

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Invesco launches Invesco Premium Income Fund

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Invesco has launched the Invesco Premium Income Fund (PIAFX) aimed at investors seeking an income strategy that attempts to achieve its objective of current income by actively allocating assets across multiple income-producing asset classes and strategies.

The management team will employ risk-balancing principles to allocate assets between and within the two portfolios to create a balanced-risk profile for the fund. The expectation of this strategy is to provide protection during periods of economic stress while meeting the fund’s income objective.

"Many investors have clearly become more risk averse and those nearing or in retirement are looking for income streams," says Scott Wolle (pictured), CIO of Invesco Global Asset Allocation and lead manager of Invesco Premium Income Fund. "Our philosophy is that understanding, managing and allocating risk is fundamental to a properly constructed portfolio that seeks to achieve these goals."

Invesco Premium Income Fund is organised into two portfolios:

A high-income portfolio designed to seek income and increase in value during periods of economic strength.

A government bond portfolio that holds assets expected to provide income and increase in value during periods of economic stress.

Additionally, the fund’s management team will look for opportunistic investments in other asset classes with favourable prospects to generate current income and the potential to grow capital. The fund intends to use derivative instruments for risk management, portfolio management, earning income, managing target duration, gaining exposure to a particular asset class or hedging its exposure to non-US currencies.

Wolle will lead an experienced portfolio management team that will call upon Invesco’s broad investment capabilities. Joining Wolle is Peter Ehret, head of High Yield Investments; Claudia Calich, head of Emerging Markets Debt; and Peter Hubbard of the Preferred Equity Team. Nine additional portfolio managers from the Invesco Global Asset Allocation, Invesco Fixed Income and Invesco Preferred Equity teams also will be part of the Invesco Premium Equity Fund management team.  

The fund will be benchmarked against the Barclays Capital US Aggregate Index, considered representative of the US investment-grade, fixed-income bond market. An investment cannot be made directly into an index.

 

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