Invesco RISE- Investment Strategy
Focus on companies that benefit from a revival in economic growth and rise in consumer discretionary
Invesco PMS’s RISE strategy aims to invest in companies that will benefit from a revival in economic growth and a rise in consumer discretionary spending. Stock selection will take place on a bottom-up basis across a range of sectors and market capitalization. RISE strategy is driven by the following:
- R: Seek for company that will have an advantage from recovery in demand and a rise in discretionary spending.
- I: Businesses with an idle capacity having the potential for operating leverage; and their interest cost to decline as financial leverage declines.
- S: Focusing on businesses with superior models and healthy balance sheets. Those companies that also have suppressed earnings can spring back swiftly.
- E: Earnings recovery of business can spring back on the back of operating and financial leverage. The expansion of valuation can add to returns.
Investment Strategy
Invesco RISE follows the strategy focusing on these elements:
- Operating Leverage: Seeking for companies that have the potential to make more operating profit for each additional sales as demand recovers.
- Financial Leverage: Seeking for companies that have the potential to make more net profit from incremental operating profit
- Value: Companies that are trading below their intrinsic value.
Investment Process
- Universe: 293 stocks
- Categorized stocks: 193 stocks based on stock categorization framework
- Portfolio Universe: 193 Stocks based on investment on investment strategy
- Portfolio: 15-25 based on portfolio construction levers.
Trailing Performance
| 1yr | 3yr | 5yr | Since Inception | |
|---|---|---|---|---|
| Invesco R.I.S.E | 5.6 | 16.8 | 18.2 | 14 |
| S&P BSE 500 | 8.4 | 12.7 | 16.8 | 15.9 |
| Alpha over Broad Mkt BM | -2.8 | 4.1 | 1.4 | -1.9 |
| S&P BSE 500 | 8.4 | 12.7 | 16.8 | |
| Alpha over Category BM | -2.8 | 4.1 | 1.4 |
Performance as of: 31-Jan-25 | Inception Date: 18-Apr-16
Fund Managers
Amit Nigam | 4-star rated FM
Fund Manager | 24 yrs Experience | 7 yrs at current firm
Past Experience: Essel AMC (Head-Equities), BNP Paribas (FM), SBI MF (Analyst)
Amit has close to 2 decades of investment experience, with fund management and research experience in Essel AMC, BNP Paribas and SBI Mutual Fund. He joined Invesco PMS in Apr-2018.
Taher Badshah | 4-star rated FM
CIO | 31 yrs Experience | 8 yrs at current firm
Past Experience: Motilal AMC (Head Equities), Kotak International (FM), ICICI Pru PMS (FM)
With over 25 years of investment management experience, Taher is the CIO of Invesco AMC (overseeing both the MF & PMS divisions). Taher was responsible for the stellar growth of Motilal AMC, where he was head of equities over Jun-2010 to Dec-2016. His prior fund management experience includes managing funds at Kotak International and ICICI Pru PMS.
Neelesh Dhamnaskar
Principal Officer & Fund Manager | 20 yrs Experience | 15 yrs at current firm
Past Experience: Research Analyst( Enam Securities)
Neelesh has over 17 years’ experience in equity markets and financial services domain. Before joining the PMS division of Invesco, Neelesh was managing few equity funds, overseas fund of fund schemes of Invesco Mutual Fund as well as tracking few sectors as an analyst. He was previously working with Enam(now a part of Axis Bank) where he was tracking companies across sectors and assisting the PMS Fund Manager in his investment decisions. Prior to this, he was working with KRC, a domestic broking house in equity research and has also worked with Anand Rathi Securities Limited as a Commodities Research Analyst. Neelesh holds a Commerce degree and an MMS degree with specialization in Finance from Mumbai University
Fee Structure
| Fee Structure | Fee |
|---|---|
| Fixed Fee Structure | 2.5 |
| Variable Fee Structures | 1.25% fixed + 15% above 10% hurdle |
| Exit Fees | 1yr(3%), 2yr(2%) |
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