Sections

Invesco appointed to £25m European and Asian brief

UK - The £120m pension fund for automotive components distributor Dana Spicer Europe, subsidiary of Dana Holdings, has appointed Invesco Asset Management to a £25m European and Far Eastern mandate.

The brief will be split into two, with £16m going into continental European investment and £9m being invested in Asia. The benchmarks for the portfolios are MSCI Europe ex UK and MSCI AC Pacific Basin Free ex Japan indexes.

The US parent company Dana Holdings decided last October and December to appoint Invesco to its worldwide manager programme, which includes the group’s pension fund schemes in all the countries in which it operates, says Steve Harrison at Dana Spicer Europe.

Have your say

You must sign in to make a comment

IPE QUEST

Your first step in manager selection...

IPE Quest is a manager search facility that connects institutional investors and asset managers.

  • QN-2466

    Asset class: Multi-asset funds.
    Asset region: Global.
    Size: EUR 30m.
    Closing date: 2018-08-16.

  • QN-2467

    Asset class: Search for a broker (mainly ETFs).
    Asset region: Global.
    Size: 250m.
    Closing date: 2018-08-28.

  • DS-2468

    Closing date: 2018-08-24.

Begin Your Search Here