HEAD-TO-HEAD: Blackrock versus Invesco

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Manager review

Both funds have experienced managers, who have been with their respective asset management firms for several years, according to McDermott.

Andreas Zoellinger has run the Blackrock product since 2010, having joined the firm from Merrill Lynch, where he worked from 2001 as a European analyst.

“At Blackrock, he is an important part of the highly-regarded European equity team,” said McDermott.

However, his former co-manager at the fund, Alice Gaskell, left the firm in 2018, which Morningstar described as a “blow”, in its review of the fund earlier this month.

The Invesco fund is managed by James Goldstone and Oliver Collins.

“Goldstone joined the firm’s UK equities team in August 2012 and was appointed manager of the UK equities portfolio of Invesco Perpetual Select Trust in October 2016,” said McDermott.

“He was subsequently appointed manager of the Keystone Investment Trust portfolio in April 2017 and also manages UK equity pension and pan-European equity mandates,” he added.

Prior to joining, Goldstone was co-head of pan-European sales at Banco Espirito Santo in London.

Collins, the co-manager of the Invesco fund, joined the firm in July 2014 as an analyst within the Henley Investment Centre’s European equities team.

“His career started in September 2000 with ING Barings, and he has also held roles at Berenberg Bank and Exane BNP Paribas,” said McDermott.

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