Our Capabilities

As of March 31, 2017, Invesco manages over US$381.8 billion of equity assets globally. Our styles include fundamental and quantitative; global, regional and single country; large-, mid-, small- and multi-cap; core, value and growth. Teams of dedicated, on-the-ground investment professionals focus is to provide investment excellence to institutional clients.

Asia ex Japan Equity

Invesco’s Asia ex Japan Equity capabilities are delivered through two investment centers designed around two distinctive styles.  

The Asia ex-Japan Equity capability managed in Hong Kong aims to generate long-term capital growth. The strategy is led by efforts from four specialists covering Greater China, Korea, India and ASEAN, who are part of a 28-person, on-the-ground Asian investment team. With an average of 21 years of industry experience, these four specialists have established track records and are local nationals with extensive experience covering their respective markets. Our investment process is driven by a highly experienced team with clear individual accountability, who work together to share knowledge, gain insight and uncover biases in decision-making. We focus primarily on bottom-up stock fundamentals. Allocation decisions are based on top-down macro context and bottom-up opportunities. Strong emphasis is on a purely bottom-up investment approach, where we focus on companies with sustainable industry leadership and competitive advantages. Lastly, the strategy is not benchmark focused and we utilize a selective approach based on conviction.

The Asia ex-Japan Equity capability managed in Henley-on-Thames in the UK has a strong emphasis on active management, fundamental analysis and valuation, with a view to generating long-term capital growth. Through careful fundamental analysis and a strong emphasis on valuation, the team seeks to deliver consistent, long-term attractive total returns under most market conditions. Of particular importance is a focus on liquidity conditions, which in Asia perhaps more than any other region, is the key determinant in shaping the environment for equities. The key focus of the investment process is stock selection and, as such, the team considers the implications of macro issues across global markets and their potential impact; however, bottom-up analysis remains the key driver of the stock selection process and is expected to be the main contributor to alpha generation within the portfolio.

The Invesco edge:

  • Highly experienced, stable investment teams who work with a team approach.
  • Systematic, disciplined fundamental analysis and investment process.
  • Proven long-term track record of managing mandates for institutional clients.

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ASEAN Equity

The ASEAN Equity capability aims to achieve long-term capital growth by investing in ASEAN countries. The strategy invests in five ASEAN countries – Singapore, Malaysia, Thailand, Indonesia and the Philippines. The capability is supported by a dedicated ASEAN team on the ground based in Singapore, as part of the wider Asian investment team. The investment process is driven by purely bottom-up stock selection, with emphasis placed on understanding the business, knowing the people, and corporate governance. We are long-term investors with the aim to hold stocks for five years and beyond.

The Invesco edge:

  • Clear, consistent investment philosophy with emphasis on a buy-and-hold strategy and a focused portfolio construction approach.
  • In-depth understanding of the business and corporate governance practices of the companies in the universe, based on in-house investment research analysis from company visits.
  • Highly experienced investment team with extensive on-the-ground experience.

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Greater China Equity

The Greater China Equity capability uses the broader “Greater China” investment universe to gain exposure to China’s long-term growth. Our goal is to take advantage of market inefficiencies through a bottom-up stock selection process focusing on:

  • Sustainable value investment style: We invest in companies with sustainable industry leadership and competitive advantages at a discount to their fair value.
  • Selective approach: We focus on companies with sustainable leadership positions and competitive advantages. We favor companies with superior creativity and efficiency.
  • Original ideas: We act before consensus is formed and we look for under-researched ideas.
  • Valuation focus: We utilize a disciplined fundamental analysis driven process and evaluate fair value versus target price.
  • Long-term investment horizon: We are long-term investors focusing on both dividend income and capital appreciation. We are willing to ride through short-term earnings cycles.

The Invesco edge:

  • Strong long-term presence as one of the pioneer investors in Greater China equities in the region and one of the largest players by AUM.
  • A proven track record since 2008 established by the current manager, demonstrating its skill in stock picking.
  • Resourceful and experienced Greater China equity teams.
  • Conviction approach based on a clearly articulated investment philosophy and in-depth research.

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Japanese Equity

Invesco manages various Japanese Equity strategies, through investment teams based in Japan and Henley, UK. Invesco’s Japanese Equity lineup consists of distinctively different strategies, including Japanese Equity Value, Japanese Equity Advantage, Japanese Equity Small/Mid Growth and Japanese Equity Core, to suit various client requirements.

With our Tokyo office established in 1983, Invesco is one of the first foreign fund management companies, which has been providing financial solutions to Japanese clients. Today, Invesco is one of the largest foreign-owned fund management operations in Japan, managing Japanese assets for institutional clients and individual investors worldwide.

Japanese Equity Value

Invesco’s Japanese Equity Value is a strategy focusing on stocks that are inexpensive relative to the market, based on the investment team’s belief that the price of any asset will approach its intrinsic value over the long term. The Tokyo-based investment team endeavors to identify undervalued stocks through its own bottom-up fundamental research and analysis, paying particular attention to factors such as earnings visibility and sustainability, business model, cycle and governance of investment candidates. This bottom-up approach from a long-term perspective constitutes the foundation of the investment philosophy, which enables the team to define a clear investment thesis among various value investment opportunities. The strategy, with a long track record of more than 20 years, has been managed by a stable team of highly experienced investment professionals since inception.

The Invesco edge:

  • Long-term track record.
  • Consistent investment style.
  • Stable and experienced investment team based in Tokyo.
  • True long-term investor with low portfolio turnover.


Japanese Equity Advantage

Invesco’s Japanese Equity Advantage is a strategy focusing on high-quality companies that can generate significant free cash flow, underpinned by intangibles such as brands, technology and customer loyalty. The investment team believes that investing in high-quality companies at compelling valuations has strong potential to produce higher returns over the long term. The team employs a distinctive bottom-up approach to identify high-quality companies with measurable intrinsic values; in other words, companies with long-term competitive advantages that can generate robust free cash flow. This unique approach has no bias regarding value-versus- growth style or large-, mid- and small-cap market capitalization. Historically, such an approach has contributed to stable long-term performance, regardless of market environments. The strategy, with a track record of more than nine years, has been managed by a stable team of highly experienced investment professionals since inception.

The Invesco edge:

  • Favorable returns regardless of market environments.
  • Highly experienced, deeply knowledgeable Tokyo-based investment team.
  • Unique approach focusing on high- quality companies with strong intangible values that lead to robust free cash flow.
  • Bottom-up approach using in-house proprietary research that enables the team to have unique insights.


Japanese Equity Small/ Mid Growth

Invesco’s Small/Mid Cap Growth is a strategy purely focused on high-growth stocks in the small- and mid-cap space. The investment team believes that investing in such companies at an early stage offers superior returns over the course of their long-term growth paths. The team strongly believes that bottom-up fundamental research is the center of its investment process and conducts more than 1,000 one-on-one meetings with company management annually, which enables the team to make sound and timely investment decisions. The strategy, with a track record of more than 15 years, has been managed by a stable team of highly experienced investment professionals since inception.

The Invesco edge:

  • Consistent style purely focused on growth since inception.
  • Managed and supported by a Tokyo-based team of professionals with specialized expertise in growth.
  • Disciplined, well-established investment process based on proprietary field research.
  • Long-term track record.


Japanese Equity Core

Invesco’s Japanese Equity Core, managed out of Henley-on-Thames in the UK, has a strong emphasis on active management, fundamental analysis and valuation, with a view to generating long-term capital growth. Investors' behavioral biases repeatedly give rise to short-term market inefficiencies. Because the key focus is stock selection, the implications of macro issues across global markets and their potential impact are considered; however, bottom-up analysis remains the key driver of the stock selection process and is expected to be the main contributor to alpha generation within portfolios.

The Invesco edge:

  • A stable and experienced investment team.
  • A consistently applied investment philosophy based around a long-term approach that focuses on valuation.
  • Flexibility to invest across the market-cap scale and to follow high-conviction ideas with meaningful portfolio positions.

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International & Global Equity

Our research-driven process seeks to achieve our core investment goals by identifying "growth-value anomalies." These are companies that trade at attractive valuations, are managed by good stewards of capital, and have strong prospects to grow shareholder value.

We conduct fundamental research of companies to gain a thorough understanding of their business prospects, appreciation potential and return on invested capital. Our investment process includes detailed financial analysis, business analysis and valuation analysis.

Risk management is an integrated part of our process and we emphasize downside protection.

The Invesco edge:

  • Portfolio management team of 14 investment professionals with an average of 19 years' experience.
  • Diversification beyond the traditional equity "style boxes," such as growth, blend and value, since correlations across asset classes tend to increase during periods of market volatility.
  • A greater emphasis on comparative downside protection in more turbulent, down-trending equity markets.

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US Equity

Invesco manages various US Equity strategies, including US Value Equity, US Core Equity and US Growth Equity, to suit various client requirements.

US Value

The US Value Equity complex is composed of several underlying investment teams that focus on value investing in US large-cap, US mid-cap, US small-cap and US multi-cap strategies. We manage four distinct value strategies (deep value, dividend value, relative value and intrinsic value) and span the complete market-cap spectrum. The teams' investment approaches vary based on the strategies' overall philosophy, process and market capitalization. All teams are under the oversight of the chief investment officer of the US Value Equities complex.

The Invesco edge:

  • Consistent management teams that place a premium on independent thought.
  • Disciplined processes that are actively managed using a bottom-up, fundamental approach.
  • A focus on long-term value over a full market cycle.


US Core Equity

Our research-driven process seeks to achieve our core investment goals by identifying "growth-value anomalies." These are companies that trade at attractive valuations, are managed by good stewards of capital, and have strong prospects to grow shareholder value.

We conduct fundamental research of companies to gain a thorough understanding of their business prospects, appreciation potential and return on invested capital. Our investment process includes detailed financial analysis, business analysis and valuation analysis.

Risk management is an integrated part of our process and we emphasize downside protection. Our risk-averse approach seeks to have low benchmark overlap, and our historical portfolio beta is less than 1.00. This reduces the risk budget for clients' equity exposure, and it allows them to deploy additional risk to other asset classes.

The Invesco edge:

  • Portfolio management team of 14 investment professionals with an average of 19 years’ experience.
  • “Portfolio sleeve” approach that divides assets into manageable allocations and combines teamwork with independent thought.
  • Diversification beyond the traditional equity “style boxes,” such as growth, blend and value, since correlations across asset classes tend to increase during periods of market volatility.
  • An approach that’s uniquely suited to complement passive equity investing by offering a low beta and low volatility profile across market cycles, seeking to add value by taking less risk.


US Growth Equity

The US Growth Equity complex is composed of three underlying investment teams organized by market-cap specialization (small, mid and large cap). These teams are composed of experienced sector-expert analysts and portfolio managers who conduct fundamental research to find growth. There are variations to their underlying investment processes and portfolio construction methodology, but all of the teams utilize deep fundamental research, create detailed financial models for individual businesses and develop a specific investment thesis for each business in which they invest. All teams are under the oversight of the chief investment officer of the US Growth Equities complex.

We offer five distinct growth strategies (disciplined small-cap growth, high-quality small-cap growth, large-cap growth, mid-cap growth and conservative large-cap growth) that cover a range of client solutions. Each strategy searches for opportunities in different ways, but all have some important characteristics in common.

The Invesco edge:

  • Experienced sector expert analysts and managers who average more than 16 years of experience.
  • Deep fundamental research approach designed to produce unique insights into unrecognized or underappreciated growth.
  • A focus on long-term client outcomes.
  • Disciplined risk management approach that embeds risk evaluation into every level of the portfolio construction process.

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European Equity

Invesco’s European Equity capability, managed out of Henley-on-Thames in the UK, focuses on active security selection through rigorous fundamental and valuation analysis.

The investment team takes advantage of inefficiencies in the market and buys stocks below their intrinsic value. This is done through fundamental analysis, drawing on internal proprietary research, selective use of external research and extensive company contact.

The Invesco edge:

  • With an extensive experience in portfolio management, and having witnessed several economic cycles, the team has built a robust investment track record over the long term. Their expertise continues to be put in play to benefit the strategy.
  • The investment team’s extensive knowledge of local markets and companies is crucial to identifying attractive opportunities.
  • Stock picking is at the heart of the strategy, and is conducted with a very flexible approach to idea generation (bottom-up, top-down idea and opportunistic).
  • Pragmatism in the choice of appropriate valuation measures, as each sector and each business is valued differently.

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Quantitative Strategies

For over 30 years, the Invesco Quantitative Strategies team has employed an active, research-intensive investment process designed to benefit our clients over the long-term. As of March 31, 2015, our team of over 40 investment professionals manages approximately US$32 billion in equity and balanced solutions portfolios for institutional and retail clients around the globe.

All strategies, including Global Core Equity, Global Enhanced Equity, Global Low Volatility Equity, Pan European Low Volatility Equity and Australia Core Equity, are built on our core belief that we can add value for our clients through the systematic application of fundamental and behavioral investment insights. We believe long-term investment success takes more than just good forecasts of return. It takes a team with the courage to challenge each other, a culture that embraces continual improvement, and a systematic process that appropriately balances risk and return in an ever-evolving marketplace.

In particular, Global Low Volatility Equity is explained in detail below.

The Invesco edge:

  • Independent thinking: We believe synergy arises best from a culture that thrives on a diversity of views and open, respectful communication.
  • Purposeful evolution: We believe a successful, innovative investment process embraces continuous, evolutionary enhancement.
  • Engineered discipline: We believe systematically applying quantitative investment management techniques helps to differentiate between assets, measure and manage risk, and construct portfolios.


Global Low Volatility Equity

Global Low Volatility Equity employs a quantitative, bottom-up investment process where excess returns are driven by a successful, long-standing proprietary stock selection model that weighs four key investment concepts according to our assessment of their ability to forecast the expected return for each stock:

  • Earnings expectations
  • Market sentiment
  • Management and quality
  • Value
     

The portfolio is structured to capitalize on stock selection while minimizing exposure to other residual risks, such as beta, sector/industry exposures and style (growth, value and size). Disciplined portfolio construction and cost-effective trading are integral to our investment process, helping us maintain the value added from stock selection and reduce the probability of significant underperformance.

The Invesco edge:

  • Team employs an active, research-intensive investment process.
  • Seeks to add value through systematic application of fundamental and behavioral insights.
  • Comprehensive approach to risk management at both stock and portfolio levels.
  • Portfolio construction process integrates a sharp focus on returns, risks and transaction costs.
  • Skillful stock selection driven by return forecasting engine, first launched in 1984.
  • Managing low-volatility assets since 2005.

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Emerging Market Equity

Our research-driven process seeks to achieve our core investment goals by identifying "growth-value anomalies." These are companies that trade at attractive valuations, are managed by good stewards of capital, and have strong prospects to grow shareholder value.

We conduct fundamental research of companies to gain a thorough understanding of their business prospects, appreciation potential and return on invested capital. Our investment process includes detailed financial analysis, business analysis and valuation analysis.

Risk management is an integrated part of our process and we emphasize downside protection.

The Invesco edge:

  • Portfolio management team of 14 investment professionals with an average of 19 years’ experience.
  • Diversification beyond the traditional equity “style boxes,” such as growth, blend and value, since correlations across asset classes tend to increase during periods of market volatility.
  • In more turbulent, down-trending equity markets the team places a greater emphasis on comparative downside protection.

Click here for thought leadership material on Equity.
For more information, please contact us.

Australian Smaller Companies

The Invesco Australian Smaller Companies team looks for stocks where change is taking place, which may lead to earnings growth that is not yet reflected in the current market price. The team distills down from a universe of approximately 300 stocks to hold between 50 and 80 stocks. The team's disciplined, somewhat contrarian approach to managing small-cap assets has seen our small-cap portfolio add value for clients through market cycles.

The Invesco edge:

  • A clear style focus seeking companies that are mispriced and have a catalyst for earnings improvement and re-rating.
  • A patient, long-term investment approach.
  • Experienced and stable team. (Cynthia Jenkins has been part of the strategy since 1994)
  • Long-term track record, delivering strong relative returns for over 25 years.

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The listed investment capabilities and vehicles are not available in all jurisdictions in Asia Pacific. Additionally, not all investors are eligible in each investment vehicle.  For more information, please contact our local Invesco office.