Invesco International Growth Equity Trust
~ 400 Stocks
~ 250 Stocks
Real Estate Analysis
~ 150 Stocks
~ 90 Stocks
~ 60 Stocks
Our "EQV" investment philosophy is built around the following core principles and beliefs:
- Stock Picking:
Portfolio construction driven by a bottom up approach.
- Active Management:
Generally low benchmark overlap (benchmark agnostic).
- Long-term Horizon:
Investment horizon generally two to three years.
Investors under-react to positive earnings news and earnings growth drives stock prices in the long run.
Companies with efficient capital allocation create long-term value.
Companies with underappreciated growth prospects provide attractive relative risk-reward opportunities.
Our investment process employs a disciplined strategy that emphasizes fundamental research, supported by quantitative analysis, portfolio construction and risk management techniques. The "EQV" (Earnings, Quality, Valuation) strategy primarily focuses on identifying quality companies that have experienced, or exhibit the potential for, accelerating or above average earnings growth but whose valuations do not appear to fully reflect these attributes.
Research responsibilities within the portfolio management team are focused by geographic region, but investments for the portfolio are selected using a "bottom-up" investment approach. This means that the portfolio is primarily constructed on a stock-by-stock basis focusing on the strengths of individual companies, rather than due to sector, country or regional trends.
The portfolio managers may consider selling a security for several reasons, including (1) its fundamentals deteriorate or it posts disappointing earnings, (2) its stock price appears to be overvalued, or (3) a more attractive opportunity is identified.