We have moved the Invesco Asian fund to our Recommended list.  The fund previously featured on our Positive Watch list.

Invesco Asian has featured on our Positive Watch list since Stuart Parks, previously the Head of Asian Equities, stepped back from day-to-day management of the fund.  William Lam, who had been co-manager, then became the sole manager.  Mr Lam is also Co-Head of the Asia & Emerging Markets team, alongside Ian Hargreaves.

Under Mr Lam’s stewardship, the fund has delivered an outcome that is in keeping with the team’s principles of investing, which promote the importance of fundamental analysis, valuation, long-termism and the search for ideas in unloved areas of the market.  Indeed, Invesco Asian marks itself out in a sector that has relatively few value-biased offerings.

Fund snapshot

An Asia Pacific ex Japan equity fund that is managed according to a valuation-aware investment approach.   The manager seeks to capitalise upon market inefficiencies to invest in stocks trading at a discount to his view of intrinsic value.  Within its sector the fund features in our 'All-Cap, Value-Biased' category.

To view our full factsheet, please visit the fund page.

For further information, please see our IA Sector Overview covering Asian equity funds.