Invesco Global Equity Income (IGET)

Invesco Global Equity Income (IGET) has been the best-performing strategy across both the AIC Global Equity Income and AIC Global sectors over the past five years (to 11/02/2025), while also outperforming its benchmark, the MSCI World Index. IGET has adapted better to an environment of higher interest rates and heightened geopolitical tensions than many of its peers, with the trust aiming to provide core exposure to global equities without significant style risk. IGET also has a strong track record of Dividend growth, having increased its dividend for 15 consecutive years. At the time of writing, the trust offers a prospective yield of c. 3.6%.

In addition, IGET may soon increase in scale, as it is set to combine with Franklin Global Trust (FRGT), pending shareholders’ approval. As a result, net assets could increase from just under £300 million to more than £440 million, which is likely to reduce the ongoing Charges figure (OCF) — currently 0.78% — as the investment management fee is calculated at a blended rate based on net assets. Greater scale is also likely to improve liquidity in IGET’s shares, potentially making the trust investible for a wider range of investors.

The combined entity will follow the same strategy as IGET, with current managers Stephen Anness and Joe Dowling remaining at the helm. Together, they seek companies with quality characteristics trading below their intrinsic value, often adopting a contrarian approach. For example, in the second half of 2025, they built positions in names such as Elevance and Becton Dickinson, as the healthcare sector has been out of favour, while remaining cautious on AI-related stocks amid investors’ exuberance around this theme.