Money Makers | Robin West

Profile: Invesco Perpetual UK Smaller

23rd August 2023

UPDATE: A revised version of this profile was published in June 2026, after the trust changed its management firm and its name to Artemis UK Future Leaders (AFL).

Invesco Perpetual UK Smaller Companies (ticker: IPU) was launched in 1988 and has been run by Invesco since 1994. Jonathan Brown has managed the portfolio since 2010, initially working for a few years as a co-manager alongside Richard Smith. This trust holds around 70-80 stocks with a growth bias and currently uses a barbell approach to provide a balance of cyclical and more economically defensive positions. In 2015, IPU switched to...

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