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Invesco Perpetual Distribution

Ranked 16 out of 93 in - Flexible GBP over 12 months
All calculations are in GBP

Managed by

Paul Causer

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.

Ciaran Mallon

Ciaran Mallon studied at Oxford University where he obtained his degree in Chemistry. He is also a CFA charterholder, and has the Securities Institute Diploma. He started his career at HSBC Private Clients where he worked as an investment analyst. In 1999, he joined United Friendly Asset Management (acquired by Royal London Asset Management). Ciaran joined Invesco Perpetual in January 2005 and is part of the UK equities team managing UK equity portfolios. His investment style is pragmatic, active and valuation-orientated.

Paul Read

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 about £1 billion 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.

Objective

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 corporate and government debt securities globally (which may be unrated or sub-investment grade) and equities. The Fund may also invest in cash, cash equivalents, money market instruments, collective investment schemes, currencies and other transferable securities.

Performance

Flexible GBP over : 31/10/2013 - 31/10/2014

Total Return

Quarterly Performance

to 31/10/2014 Annual Q1 Q2 Q3 Q4
2014 3.3% 1.7% 1.8% -0.1% -0.2%
2013 14.1% 7.2% 0.8% 2.6% 2.9%
2012 19.7% 8.5% -0.3% 6.2% 4.2%
2011 1.4% 3.5% 1.6% -7.3% 4.1%
2010 11.4% 6.3% -3.2% 7.9% 0.3%
2009 32.8% -6.8% 17.7% 16.1% 4.3%
2008 -19.6% -6.5% 1.3% -6.3% -9.3%
2007 4.4% 1.5% 0.5% 0.7% 1.6%
2006 11.6% 2.9% 0.2% 5.0% 3.1%
2005 12.6% 1.4% 3.9% 3.5% 3.4%
2004 14.2% 2.3% 1.9% 3.1% 6.2%

Month by Month Performance

Returns Vs Risk

Asset Allocation

Breakdown

30/09/2014

Top 10 Holdings

Stock Size
GBP Forward Contract 18.59
Future General Security 7.94
GBP Cash 6.62
Credit Agricole SA Time/Term Deposit 4.47
Lloyds Bank PLC time/term deposit 3.32
Imperial Tobacco Group PLC ORD 1.51
British American Tobacco PLC ORD 1.40
Co-Operative Bank PLC ORD 1.35
AstraZeneca PLC ORD 1.15
Spain 5.150% 31-Oct-2028 1.11
30/09/2014

Registered For Sale In

  1. United Kingdom

Fund Info

  • Launch date26/01/2004
  • Share Class size3,131Mn
  • Base currencyGBP
  • ISIN GB0033947226

Purchase Info

  • Min. initial investment500
  • Min. additional investment20

Charges

  • Initial investment5

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...more...

Performance is for the period shown (month end to month end, bid/bid, gross income reinvested, calculated in GBP).