Ian Hargreaves, former lead manager of Invesco Asia Dragon (IAD), will retire from Invesco Fund Managers Limited next March after more than 30 years with the firm. Hargreaves was lead manager of the former Invesco Asia Trust from March 2011 to May 2024 before sharing the role with Fiona Yang, who will continue in her position as lead co-manager alongside Marc Ye until Hargreaves’ retirement on 31 March. Hargreaves began his career in Hong Kong joining LGT Asset Management in 1994, which was bought by Invesco in 1998. He returned to the UK in January 2005 and joined its Asian Equities team in Henley and has served as co-head of Asian & Emerging Market Equities team. The BIAD board thanked him for his stewardship of the company’s portfolio and said the the investment strategy would remain unchanged. Over 10 years the £969m Asia Pacific equity income trust has generated a total shareholder return of 222% ranking it second out of five listed funds in the sector.

Matthew Read, senior analyst at QuotedData, said: “Ian Hargreaves has long been associated with Invesco Asia Dragon, so his departure may feel like the end of an era. However, he has worked alongside Fiona Yang since 2022, with Yang taking over as lead manager in 2024. With the reins already handed over, this feels like a natural time for Ian to step back altogether and the remaining transition should be smooth. We wish him well in his retirement when it comes next year.”