William Lam has joined Stuart Parks as co-manager of the Invesco Perpetual Asian Fund, with effect from 30 April 2015. Stuart Parks will, however, remain lead manager of the fund and also maintains his role as Head of Asian Equities at Invesco Perpetual. There are no planned changes to the fund's existing process and philosophy.
William Lam joined Invesco Perpetual's Asian Equities team in 2006 and he has been co-manager of the Invesco Perpetual Pacific Fund since May 2013. This relatively concentrated fund invests in Asian and Japanese equities and William Lam's role has been to focus on the Asian portion of the fund, while another member of the team has responsibility for the Japanese portion.
While William Lam does not have any track record in his own right, we have no concerns over the management change given Stuart Parks remains heavily involved in the running of the fund. Broadly speaking, Stuart Parks will maintain responsibility for the country allocation, while stock selection will be William Lam's responsibility.
On the same date, Tim Dickson will take sole responsibility for the management of the Invesco Perpetual Asian Equity Income Fund. He has co-managed the fund alongside Stuart Parks since launch in March 2011, although over time he has played an increasingly lead role in the fund's management. This adventurous fund's strategy and process will also remain unchanged.
The Invesco Perpetual Asian and Invesco Perpetual Asian Equity Income funds do not currently feature on the Wealth 150 list of our favourite funds across the major sectors.