In the third quarter of 2025, the Invesco Global Core Equity Fund executed key portfolio adjustments, strategically introducing new positions in Coca-Cola Europacific Partners (CCEP), Contemporary Amperex Technology (CTATF), and WEC Energy (WEC). These additions are underpinned by a rigorous evaluation of their pivotal roles within their respective industries, their robust growth trajectories, and their potential to contribute to the fund's long-term objectives. Concurrently, the fund divested its holdings in Unilever, citing a less attractive valuation in comparison to its new acquisitions. This proactive management approach aims to continuously optimize the portfolio for resilience and superior returns, focusing on companies with strong market positioning and significant future upside.
A significant new investment is Coca-Cola Europacific Partners (CCEP), recognized for its indispensable function within the Coca-Cola distribution network. CCEP acts as a crucial link, bridging the iconic brand owner with a diverse and highly fragmented customer base across various markets. This strategic position, coupled with CCEP's strong operational capabilities and sound financial management, renders it an attractive component of the fund's diversified holdings. The decision to include CCEP was further influenced by its favorable valuation metrics when juxtaposed against its industry peers, including Unilever, from which the fund exited.
The fund also initiated a position in Contemporary Amperex Technology (CTATF), a move driven by the firm's optimistic outlook on the burgeoning electric vehicle (EV) market. CTATF is celebrated for its dominant position in the EV battery sector, characterized by its cost leadership, extensive vertical integration, and continuous innovation in battery technology. Beyond the direct EV market, CTATF also presents considerable growth opportunities in grid-scale energy storage solutions, further bolstering its appeal as a high-growth investment. This aligns with the fund's strategy to capture the upside from transformative technological shifts.
Furthermore, WEC Energy (WEC) was added to the portfolio, reflecting a strategic allocation towards stable and income-generating assets within the utilities sector. WEC's inclusion provides a counterbalance to higher-growth, more volatile investments, contributing to overall portfolio stability and diversification. The careful selection of these companies underscores Invesco's commitment to identifying entities that not only possess strong fundamental attributes but also align with prevailing and future economic trends.
The strategic rebalancing of the Invesco Global Core Equity Fund in Q3 2025 reflects a forward-looking investment philosophy. By integrating companies like CCEP, CTATF, and WEC, the fund is positioned to capitalize on both established market leadership and emerging growth sectors, ensuring a dynamic and well-rounded portfolio aiming for sustained performance and enhanced shareholder value.