Paul Causer has clocked up more than 20 years' fund management experience. He started out as a research and credit analyst with Japanese bank Asahi Bank and moved on to the group's treasury department before he was given responsibility for the bank's multi-currency investment portfolio. Along with his co-manager Paul Read, Causer signed a new contract with Invesco Perpetual in 2002 after turning down an approach from New Star. The 'two Ps' also co-manage the Invesco Global Bond fund, and the Invesco Leveraged High Yield investment trust. In January 2004 they began co-managing the newly launched Invesco Perpetual Distribution fund alongside colleague Neil Woodford.
Based in Henley-on-Thames, Michael began his investment career in 1995, joining the co-heads of Invesco Perpetual’s fixed interest team, Paul Read and Paul Causer, upon the team’s foundation. He initially specialised in the team’s money and foreign exchange market activities before predominantly focusing on government and investment grade credit markets. Michael is now responsible for the management of a number of government and corporate investment grade portfolios at Invesco Perpetual. He has passed the associate examinations of the Association for Investment Management and Research (AIMR).
Although Paul Read cites Neil Woodford as the investor he admires most, he has tremendous respect for Paul Causer, the man with whom he has established a highly successful partnership during the past seven years at Invesco Perpetual. The pair head fixed interest retail investment at the group and jointly oversee billions of pounds in a diverse range of unit trusts, pension funds, offshore funds and investment trusts. Within this range is their key portfolio, the Invesco Perpetual Corporate Bond fund, which they have managed since July 1995. Born in November 1961, Read graduated in Economics and History from the University of Toronto.
The fund aims to achieve a combination of income and capital growth over the medium to long term. The Fund seeks to achieve its objective by investing primarily in investment grade corporate debt securities. The Fund may also invest in government, unrated and sub-investment grade debt securities, cash, cash equivalents, money market instruments, collective investment schemes, currencies and other transferable securities.
Rank 97/108 Total Return
Rank 12/108 Standard Deviation
Rank 9/108 Max Drawdown
|95||IWI Fixed Income Portfolio A Inc||
|96||Alliance Trust Monthly Income Bond A Acc||
|97||Invesco Perpetual Corporate Bond Acc||
|98||PIMCO Select UK Income Bond Ret GBP Acc||
|99||Invesco Sterling Bond A Acc GBP||
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|11||Alliance Trust Monthly Income Bond A Acc||
|12||Invesco Perpetual Corporate Bond Acc||
|13||SVS Church House Inv Grade Fixed Interest Acc||
|14||Premier Corporate Bond Monthly Inc A Net Inc||
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Month by Month Performance
Returns Vs Risk
- United Kingdom
- Launch date24/07/1995
- Share Class size5,637Mn
- Base currencyGBP
- Min. initial investment500
- Min. additional investment20
- Initial investment5