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 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.
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.
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.
Rank 41/93 Total Return
Rank 8/93 Standard Deviation
Rank 2/93 Max Drawdown
|39||FP Omnis Advanced B Acc||
|40||Aberdeen Multi Manager Equity Managed Acc||
|41||Invesco Perpetual Distribution Acc||
|42||Architas MA Active Growth R Inc||
|43||DB PWM Maximum Growth Portfolio A Inc||
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Month by Month Performance
Returns Vs Risk
Top 10 Holdings
|GBP Forward Contract||15.69|
|Future General Security||6.11|
|Imperial Tobacco Group PLC ORD||1.53|
|British American Tobacco PLC ORD||1.41|
|Co-Operative Bank PLC ORD||1.22|
|AstraZeneca PLC ORD||1.17|
|Co-Operative Bank PLC 5.125% 20-Sep-2017||1.13|
|Whitbread PLC ORD||1.09|
|Smith & Nephew PLC ORD||1.08|
- United Kingdom
- Launch date26/01/2004
- Share Class size3,157Mn
- Base currencyGBP
- Min. initial investment500
- Min. additional investment20
- Initial investment5