Invesco has launched the Summit Income Fund (UK), a sub-fund of the Invesco Summit Growth Investment Series, an open-ended umbrella investment company with variable capital, incorporated in England and Wales and authorised as a non-UCITS retail scheme.
The fund aims to generate an income return of between 2-3% above the Bank of England base rate over a 12-month rolling period, with income paid monthly, whilst aiming to preserve capital over a 3-year rolling period. The fund also aims to have a risk profile of 15% - 45% (level of volatility compared to the MSCI AC World Index) on a total returns basis over the same 3-year rolling period. There is no guarantee that the Fund will achieve these aims and an investor may not get back the amount invested.
The fund invests across a variety of regions, asset types and investment strategies – such as bonds, equities and commodities in order to build an income portfolio with a truly diverse sources of returns. The fund is actively managed with a long-term investment horizon and seeks to take advantage of valuation opportunities within asset classes and markets to grow investor’s capital while aiming to generate a high and consistent income paid monthly.
Invesco notes that as the fund was launched on 26 June 2024, no performance figures can be shown until after 30 June 2025.
