Managed by Invesco Quantitative Strategies (IQS), the fund draws on more than 40 years of experience in systematic and factor-based investing, underpinned by proprietary research and implementation expertise. The actively managed fund aims to deliver 1.0 per cent p.a. before fees, above the MSCI World ex-Australia Index, with a targeted tracking error of 1.5 per cent to 2.0 per cent p.a. It invests in a diversified portfolio of 400 to 550 global companies using a systematic, multi-factor approach designed to capture value, momentum and quality signals within a tightly controlled risk framework.

Since inception on 31 July 2005, the strategy has delivered 1.3 per cent p.a. above the MSCI World ex-Australia Index, including 5.3 per cent alpha in the 12 months to 31 March 2026 (AU$ terms, gross of fees).

“In a market environment where returns have been increasingly concentrated in a narrow group of stocks, finding alpha through a diversified and disciplined process becomes even more important,” Jonathon Crook, managing director, head of Australia and New Zealand, said. “This fund is designed to meet that need by offering a transparent and repeatable approach to global equities, backed by Invesco’s global scale, research capability and long heritage in systematic investing.”

Scott Bennett, director, Invesco Solutions, added: “Our aim is to generate alpha through a repeatable process without taking on unrewarded risk. While many systematic approaches rely on similar optimisation tools and techniques that can lead to herding, our approach focuses on preserving factor diversification and improving the alignment between signals and holdings, reducing crowding and commonality amongst positions.”

The fund was awarded a ‘Recommended’ rating by Zenith Investment Partners following its inception on 10 June 2026.

DBS, Gold market
has announced that it is offering tokenized physical gold to its clients, coming as Singapore-headquartered rival OCBC said this week that it is pushing further into the market for the yellow metal. 

For retail customers, DBS Physical Gold Tokens will be available via DBS digibank in the second half of 2026. This will be the first such offering in Singapore to enable customers to digitally access, hold and trade tokenized physical gold through a single platform, the bank said in a statement yesterday. DBS said it is also thinking about listing the token on DBS Digital Exchange (DDEx), tailored for accredited investors and institutional partners. More details will be announced in due course, it said in a statement.

Each token is backed by one gram (about GD 200) of physical gold held by DBS in a dedicated vault in Singapore.

“By applying blockchain technology to physical gold and making fractionalised ownership possible, investing in this asset class can be more cost-effective and accessible to a wider pool of investors,” DBS said. 

James Tan, group head, investment product and advisory, DBS, said: “Gold as an asset class has taken off in recent years, demonstrating its enduring value as a safe haven and a critical diversifier in uncertain times. 

“While our retail investors have been able to buy gold funds, access to physical gold has been largely available to only institutional and accredited investors. DBS has offered physical gold investments to wealth clients since 2013, and we are now leveraging tokenization to broaden access, enabling more retail customers to invest in gold in a safe and meaningful way.”

Banks continue to enter the gold market in various ways. 

and institutional clients of parent group OCBC will now be able to buy, sell and custodise gold with OCBC in a Singapore-based vault, highlighting the attractions of holding the yellow metal in uncertain times.

As if to illustrate the trend, a recent report from the European Central Bank (see chart below) has found that gold accounted for 27 per cent of central bank reserves at the end of 2025, overtaking US Treasuries, now at 22 per cent. This change represents a break with government bonds having provided the main source of central bank reserves for decades after WW2.

Gold reached an all-time high of $5,600 per ounce earlier this year. 

The intersection of blockchain technology and precious metals is ironic in some ways, given that bitcoin has, at times, been touted as a sort of digital gold.

DBS said the total value of tokenized real-world assets on-chain grew from about $21 billion at the start of the year to around $27.5 billion by the end of the first quarter of this year, a 30 per cent increase in three months. 

Source: ECB