van Eyk appoints Invesco following sector review

Research house van Eyk has appointed Invesco as an underlying Australian equities manager to its Blueprint Series following a review of the Australian equities sector.

Invesco were appointed to the role of underlying Australian equities manager after the researcher awarded the group an A rating for its capabilities in the sector in December last year. With a 23 per cent allocation, Invesco is being used as a core manager, with van Eyk believing the group blends in well with Blueprint’s other style neutral manager, Suncorp.

Commenting on her group’s appointment, Invesco’s head of research relationships Anna Schofield said: “Our long-running flagship fund in the market, the Invesco Wholesale Australian Share Fund, has provided a consistent source of alpha over numerous investment cycles. This includes an after-fee return of 14.6 per cent per annum since inception over more than 15 years, 1.5 per cent per annum over the benchmark.”

Another drawcard for van Eyk is the knowledge held by Invesco head of Australian equities Rohan Walsh. As one of the longest-serving portfolio managers at the one fund manager in the Australian market, Rohan has managed Invesco’s large cap Australian equity portfolios since 1994.

Blueprint is a fund of funds series, of which Macquarie Investment Management is the responsible entity. To be eligible for inclusion within Blueprint, underlying funds must be A or AA rated by van Eyk and true-to-label in terms of investment strategy and style.

Invesco are a wholly owned subsidiary of the global AMVESCP plc group, which has funds under management of A$615 billion.