Citywire for Financial Professionals

Citywire Selection


Invesco Perpetual Monthly Income Plus

Citywire Selection Verdict: This fund usually has around 80% allocated to bonds and nearly 20% exposure to equities.

Experienced duo Paul Read and Paul Causer are responsible for the bond element while the equity portion is run by Ciaran Mallon, who replaced Neil Woodford on this part of the fund in late 2013.

Causer and Reid believe bonds are expensive. This has resulted in them having a high allocation to cash and short dated bonds. The portfolio also has a low sensitivity to increasing interest rates. They are finding value however in the financial space which is the largest sector exposure. This is a volatile area but the duo think it provides a compelling balance of risk and reward.

The equity position gives exposure to solid blue chip equities such Imperial Tobacco and Next, which help the fund to provide a yield of 4%.

For more details view the latest factsheet.

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