Invesco Select Trust Plc - Result of GM
PR Newswire
London, April 15
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED IN IT ARE NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO, THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA OR ANY JURISDICTION FOR WHICH THE SAME COULD BE UNLAWFUL.
15 April 2021
The Board of Invesco Select Trust plc (the
Company ) is pleased to announce that the ordinary resolutions relating to the issue of New Shares in connection with the proposed combination of Invesco Income Growth Trust plc ( IIGT ) with the assets of the Company s UK Equity Portfolio (the
25.29
34.49
Fund
Share price total return for trusts, NAV total return for mutual funds 20 Feb ’20 to 16 Mar ’21. Source: FE Fundinfo
But over longer time periods, the merits of the trust structure are evident when it comes to performance, according to research from Interactive Investor. The platform provider found on average, investment trusts have outperformed funds in almost every major sector on an annualised basis over 10 and 20 years (see table below).
It found the average global investment trust has outperformed its fund equivalent by almost one percent (0.95%) a year over the last 10 years, and by 2.62% per year over the last 20 years.
The UK Equity Income sector has seen investment trusts outperform funds by an average of 1.79% per year over 10 years and 1.5% per year over 20 years.
Invesco Income Growth Trust Plc - Statement re Combination with IVP - Timetable Update
PR Newswire
LEI: 549300DI4285Q8ZFO135
Combination with the UK Equity Share Class of Invesco Select Trust plc - timetable update
Further to its announcement of 8 February, and by way of update, the Board of Invesco Income Growth Trust plc confirms that the requisite documentation in relation to the proposed combination of the Company with the UK Equity share class of Invesco Select Trust plc is now largely in agreed form and is expected to be published before the end of March. Accordingly, the relevant general meetings required to approve and give effect to the proposed combination are expected to be held in April.
Mark Dampier: Why I still believe in best-buy lists
In an exclusive interview with
Money Marketing, former research director at Hargreaves Lansdown Mark Dampier talks about retirement, the future and why the Wealth 50 is still important
By Charlotte Richards 11
th February 2021 10:56 am
Few survive a career-spanning four decades in financial services without hitting a bump or two in the road. When their time comes, they will hopefully walk away from the industry with a sense of job satisfaction though.
That is exactly how Mark Dampier, former research director at Hargreaves Lansdown describes his time in the industry, having retired last summer after nearly 40 years on the job. After a stint at Whitechurch Securities, he set up IFA Churchill Investments, before finding a home at Hargreaves for 22 years up until his departure in August.