Invesco Perpetual has announced that Stuart Parks, Head of Asian Equities and co-manager of the Invesco Perpetual Asian fund, will step down from the day-to-day management of the fund from 1^st May 2017.  William Lam, who has co-managed the fund with Mr Parks since 2015, will be the sole manager. 

At the present time, we are retaining the fund on our Recommended list.

Mr Lam has been a fund manager on the Asian Equities team at Invesco Perpetual since 2006 and has managed pan-Asian portfolios since 2009, including the Asia Pacific ex Japan portion of the Invesco Perpetual Pacific fund and the Invesco Perpetual Pacific Equity fund since 2010.

Mr Parks will focus on overseeing the fund range and will continue to manage a number of Asian funds and mandates.

While there is no change to the investment approach, we are meeting Invesco Perpetual shortly to discuss this change in team responsibilities in greater depth.  The team invests in regions, sectors and stocks that are positioned to benefit from macro-economic trends, in particular seeking situations where share prices have over-reacted to short-term newsflow.