Having been at Invesco Perpetual since 2006, in October 2013 Mason took over management of the firm’s Emerging European, Emerging Europe Equity and Eastern Europe and Russian Equity funds.
The Latin American Fund has underperformed over the past three years, losing 3.4% versus a benchmark return from MSCI EM Latin America of 9.45%, according to FE Analytics.
Over one year the fund is up 33.6% versus 43.6% from the index. In his latest commentary, Newman, head of emerging market equities, said he was finding the utilities sector particularly interesting due to an improving regulatory environment and increase private sector investment in the region.
Newman said today: “Nick and I have worked closely together for over 10 years, managing Invesco Perpetual’s investments in Latin America and the wider world of emerging markets.
“Nick is a talented and experienced stock picker with a strong valuation discipline, who takes a fundamental and long-term investment view.
“His addition as co-manager of the Invesco Perpetual Latin American Fund recognises his contribution as we continue to seek out superior investments in this area of growing interest for our clients.”
He added: “The addition of Nick as co- manager to the Invesco Perpetual Latin American Fund will add further knowledge and experience to the management of this fund. This development will further enhance our ability to cover the broader investible universe.”
