Overview
Invesco Perpetual UK Smaller Companies has an investment objective to achieve long-term total return for shareholders primarily by investment in a broad cross-section of small to medium sized UK quoted companies. The pursuit of income is of secondary importance. The portfolio primarily comprises shares traded on the London Stock Exchange, though it will also usually include a smaller proportion traded on AIM. The portfolio managers can also invest in unquoted securities, though these are limited to a maximum of 5% of gross assets at the time of acquisition.
The Manager seeks to outperform the benchmark index. As a result, the Manager’s approach can, and often does, result in significant overweight or underweight positions in individual stocks or sectors compared with the benchmark. Sector weightings are ultimately determined by stock selection decisions.
Fundamentals
Price
Research History
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12 Nov 2020 6 min read
QuotedData’s Economic Roundup – November 2020
Economic and Political Monthly Roundup Kindly sponsored by Allianz A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or […]
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12 Nov 2019 1 min read
QuotedData’s economic roundup – November 2019
Economic & Political Roundup
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08 May 2019 6 min read
QuotedData’s economic roundup – May 2019
Economic & Political Roundup A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell any of the […]
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13 Nov 2018 2 min read
QuotedData’s economic roundup – November 2018
QuotedData’s economic roundup – November 2018 is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell any […]
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11 Jun 2018 2 min read
QuotedData’s Economic round up – June 2018
QuotedData’s Economic round up – June 2018 is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or […]
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12 Oct 2017 2 min read
QuotedData’s economic round up – October 2017
QuotedData’s economic round up – October 2017 – is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or […]
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16 May 2017 1 min read
QuotedData’s economic round up – May 2017
QuotedData’s economic round up – May 2017 is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell […]
News
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08 Feb 2021 3 min read
QuotedData’s morning briefing 8 February 2021
In QuotedData’s morning briefing 8 February 2021 – Gabelli Value Plus+ (GVP) announced that it intends to convene a general meeting in July 2021 to consider a continuation vote resolution followed by a special resolution to place the company in members’ voluntary liquidation. GVP’s largest shareholder, Associated Capital Group, has irrevocably undertaken to abstain from […]
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14 Oct 2020 4 min read
Invesco Perpetual UK Smaller Companies held back by consumer goods holdings
Invesco Perpetual UK Smaller Companies (IPU) delivered total NAV and share price returns of (23%) and (34%) over its interim results period to 31 July 2020. By comparison, the benchmark Numis Smaller Companies Index (excluding Investment Companies) returned (21.2%). IPU notes that income levels are currently at half the level they would ordinarily expect. Since the period-end […]
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17 Apr 2020 5 min read
Invesco Perpetual UK Smaller Companies holding firm on 2020 dividend
Invesco Perpetual UK Smaller Companies (IPU) has announced its annual results for the year ended 31 January 2020. During the year, IPU provided nav and share price total returns of 30.4% and 35.2%, outperforming its Benchmark Index, the Numis Smaller Companies Index (excluding Investment Companies), which returned +13.7%. To give some context, the year under […]
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2 min read
QuotedData’s morning briefing 17 April 2020
Tetragon Financial’s investor day on Wednesday 29 April 2020 has been cancelled in light of the current restrictions. However, it will host a conference call for investors on 30 April 2020 at 15:30 GMT / 10:30 EST to discuss its Q1 Factsheet and to provide a company update. Details will be circulated shortly and posted […]
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15 Oct 2019 1 min read
QuotedData’s other news 15 October 2019
In QuotedData’s other news 15 October 2019 – AVI Japan Opportunity announced that it has increased its 364 day, 1.465bn Yen unsecured revolving credit facility with Scotiabank Europe by an additional 1.465bn Yen (approximately £11m as at 14 October 2019). The board of Invesco Perpetual UK Smaller Companies has announced the appointment of Graham Paterson as […]
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30 Aug 2018 2 min read
IP Group-backed Genomics raises £25m in a Series B
IP Group-backed Genomics raises £25m in a Series B Genomics plc, a University of Oxford spin-out backed by UK-based healthcare/tech VC investor IP Group (LSE: IPO), has closed a £25.0m Series B financing round led by the major US biotech, Vertex Pharmaceuticals. Woodford Investment Management – manager of the Woodford Patient Capital Trust (WPCT) – Invesco Perpetual, Oxford […]
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27 Apr 2017 5 min read
Invesco Perpetual UK Smallers outperforms benchmark and proposes 40% tender
Invesco Perpetual UK Smaller Companies has announced its annual results for the year ended 31 January 2017. During the period, the company provided an NAV total return of 21.3% and a share price total return of 24.0%, both outperforming that of the company’s benchmark, the Numis Smaller Companies Index (excluding Investment Companies), which the company […]
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28 Jul 2016 8 min read
F&C Managed Portfolio beats benchmark despite widening discounts
F&C Managed Portfolio reports that, for the company’s financial year to 31 May 2016, the NAV total return (i.e. adding dividends paid to capital performance) was -4.8% for the Income shares and -4.5% for the Growth shares which represented outperformance against the -6.3% total return for the FTSE All-Share Index, the benchmark index for both […]
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18 Apr 2016 2 min read
Invesco Perpetual UK Smaller posts decent outperformance
Invesco Perpetual UK Smaller Companies says, for the year ended 31 January 2016 the net asset value rose by 10.9%, on a total return basis, an outperformance of 7.1% versus the benchmark index of the Company, the Numis Smaller Companies Index (excluding Investment Companies), which returned a lesser 3.8%. When compared to the wider UK stock […]
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23 Nov 2015 2 min read
World trust fund trading at highest combined discount (34.3%) since the financial crisis
World Trust Fund has announced its interim results for the six-months ended 30 September 2015. During the period, the company’s NAV per share fell 12.9% b(in Sterling terms) modestly outperforming both the MSCI AC World Index (ex USA) Index, which fell 13.5% but underperforming the MSCI AC World Index, which fell 11.0%. The share price […]
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20 Jul 2015 1 min read
UK smaller companies trusts dominate Q2 best-performers
UK small-caps has emerged as the stand-out sector for investment trusts in Q2 2015, according to statistics from QuotedData. The report, published 16 June, showed that UK smaller companies-focused mandates accounted for the majority of best-performing funds in NAV terms for the quarter. http://www.portfolio-adviser.com/news/1023811/uk-companies-trusts-dominate-q2-performers
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16 Jul 2015 1 min read
Small company investment trusts got election boost
Investment trusts specialising in smaller companies were among the top performers of the past few months after a decisive election result improved confidence in the sector, new research shows. But commodity and Asia-focused investment trusts were among the stragglers as investors shunned stocks exposed to an economic slowdown in China or a US rate rise, […]
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17 Apr 2015 1 min read
Invesco Perpetual UK Smaller outperforms in 2014
Invesco Perpetual UK Smaller’s results for the year ended 31 January 2015 show the fund generating a net asset value return of 2.2%. The Numis Smaller Companies Index (excluding Investment Companies), fell by 2.6%. The share price rose from 316.8p to 328.3p per share, an increase of 3.6%, and the discount narrowed from 13.9% to 11.3%. […]
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10 Mar 2015 2 min read
Invesco Perpetual UK Smaller to embrace income focus
Invesco Perpetual UK Smaller Companies, which has long been plagued by a wide discount, is to switch focus to become an income fund. The Board, chaired by Ian Barby (pictured), consulted holders of more than 50% of the shares before making this proposal. The first element of this switch is a more than doubling of the dividend […]
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16 Sep 2014 1 min read
Invesco Perpetual UK Smaller outperforms
IPU : Invesco Perpetual UK Smaller outperforms Invesco Perpetual UK Smaller Companies interim results for the six months ended 31 July 2014 show the fund outperforming the Numis Smaller Companies ex Investment Companies Index over the period – it generated a total return on net assets of -1.6% vs. -2.9% for the index. The Chairman […]
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09 Apr 2014 1 min read
Invesco Perpetual UK Smaller Companies : IPU – annual results
Invesco Perpetual UK Smaller Companies has released its annual results for the year ended 31 January 2014. Over that period Invesco Perpetual UK Smaller Companies achieved a net asset value total return of 31.4% – marginally behind that of the benchmark (the Numis Smaller Companies ex Investment Companies Index returned 31.8%). The discount widened slightly from 13.7% to […]
In The Press
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25 Aug 2020 2 min read
Small stocks could help you sail through
Small stocks could help you sail through the increasingly choppy waters of investments opportunities By ROSIE MURRAY-WEST, FINANCIAL MAIL ON SUNDAY PUBLISHED: 22:00, 15 August 2020 | UPDATED: 12:41, 16 August 2020 Some say small is beautiful, but if you have ever been on a yacht in a big storm, you will know it can be stomach-churning as well. That […]
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05 Aug 2020 2 min read
Bargain Hunter: cheapest equity investment trusts revealed
Bargain Hunter: cheapest equity investment trusts revealed by Kyle Caldwell from interactive investor | 4th August 2020 12:53 Research in the equity investment trust universe highlights the biggest potential bargains… Research for interactive investor by QuotedData screened the equity investment trusts with assets of at least £10 million for potential bargains. The data (as at 3 August) shows some trusts […]
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17 Dec 2019 2 min read
Investment trust insider on UK equity trusts
Investment trust insider on UK equity trusts – James Carthew: UK trust laggards should merge not seek new fund managers UK investment trusts of all types are enjoying a post-election rally, particularly those with the highest perceived exposure to domestically-focused companies. I am kicking myself for not having bought Aberforth Split Level Trust (ASIT), one of […]
