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Invesco Perpetual Glbl Financial Cap Acc

Ranked 124 out of 125 in - Global over 12 months
All calculations are in GBP unless stated

Managed by

Paul Causer

Based in Henley-on-Thames, Paul Causer co-leads Invesco Perpetual’s Fixed Interest team with Paul Read, managing a number of government, corporate and non- investment grade portfolios. Paul began his investment career in 1983 in research and credit analysis with Asahi Bank, the large Japanese commercial bank. He then moved to the bank's treasury department and traded securities and derivative instruments until 1990 when he was given responsibility for managing the bank's multi-currency investment portfolio before joining Invesco Perpetual in 1994. Paul holds a BSc in Economics from the London School of Economics.

Julien Eberhardt

Julien Eberhardt is a credit analyst and fixed interest fund manager at Invesco Perpetual based in Henley-on-Thames. He manages the Invesco Perpetual Global Financial Capital Fund dealing in bonds, using active, pragmatic and flexible strategies. Before joining Invesco, he was a credit analyst at Moodys from 2005. Julien is a CFA Charterholder and graduated from the University of Montpellier with an MA in Finance.

Paul Read

Based in Henley-on-Thames, Paul Read co-leads Invesco Perpetual’s Fixed Interest team with Paul Causer, managing a number of government, corporate and non- investment grade portfolios across the maturity spectrum. Paul began his investment career with UBS (Securities) Ltd in 1986, and then moved to Merrill Lynch International in 1988. Paul initially worked on the bond sales desk, covering institutional investment managers at Merrill Lynch, before moving on to debt trading and working as a director of fixed interest trading in Tokyo from 1991 and in Paris from 1993 before joining Invesco Perpetual in 1995. He holds a BA in Economics and History from the University of Toronto and also has an MBA from INSEAD.

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 capital instruments issued by banks and financial institutions globally. Capital instruments include debt securities (including sub-investment grade and unrated bonds), equity and equity related securities. The Fund may also invest in cash, cash equivalents, money market instruments, collective investment schemes, government debt securities and other transferable securities.

Showing fund performance in United Kingdom View performance globally

Performance

Global over : 31/07/2015 - 31/07/2016
  • Rank 124/125 Total Return
  • Rank 111/125 Standard Deviation
  • Rank 125/125 Max Drawdown
Fund Name Currency Return
121 Schroder ISF Strategic Bond GBP Hedged C Acc

Currency exposure is hedged

Currency exposure is hedged

GBP

-2.0%

122 Legg Mason Brandywine Glo Credit Opps GBP Acc Hgd

Currency exposure is hedged

Currency exposure is hedged

GBP

-2.6%

123 BNY Mellon Global Opportunistic Bond I GBP Acc Hdg

Currency exposure is hedged

Currency exposure is hedged

GBP

-5.0%

124 Invesco Perpetual Glbl Financial Cap Acc GBP

-6.4%

125 F&C Macro Global Bond £ A GBP Inc GBP

-6.7%

Fund Name Currency Risk
109 Russell Global Bond I Income

Currency exposure is hedged

Currency exposure is hedged

GBP

12.6

110 M&G Global Government Bond A Inc GBP

12.9

111 Invesco Perpetual Glbl Financial Cap Acc GBP

13.0

112 Baring International Bond A GBP Inc GBP

13.2

112 Capital Group Global Bond (LUX) A GBP GBP

13.2

Fund Name Currency Loss
121 Legg Mason Brandywine Glo Credit Opps GBP Acc Hgd

Currency exposure is hedged

Currency exposure is hedged

GBP

-7.2%

122 PIMCO GIS Capital Securities Inst GBP Hdg Inc

Currency exposure is hedged

Currency exposure is hedged

GBP

-7.2%

123 BNY Mellon Global Opportunistic Bond I GBP Acc Hdg

Currency exposure is hedged

Currency exposure is hedged

GBP

-7.5%

124 Aberdeen Global High Yield Bond Fund A Acc

Currency exposure is hedged

Currency exposure is hedged

GBP

-8.7%

125 Invesco Perpetual Glbl Financial Cap Acc GBP

-9.3%

Total Return

Quarterly Performance

to 30/06/2016 Annual Q1 Q2 Q3 Q4
2016 -4.9% -4.1%
2015 4.6% 3.4% 0.1% -1.7% 2.7%
2014 6.8% 2.7% 2.6% -0.5% 1.9%
2013 17.6% 5.7% -0.1% 6.3% 4.8%
2012 -2.2% 12.5% 10.7%

Month by Month Performance

Returns Vs Risk

Asset Allocation

Breakdown

30/06/2016

Top 10 Holdings

Stock Size
GBP Forward Contract 49.56
GBP Cash 10.84
Lloyds Bank PLC PERP 2.57
Commerzbank AG 8.125% 19-Sep-2023 2.07
Virgin Money Holdings (UK) PLC PERP 1.97
Credit Suisse Group AG PERP 1.85
Alpha Bank SA ORD 1.85
UBS Group AG PERP 1.80
Societe Generale PERP 1.79
USD Cash 1.68
30/06/2016

Registered For Sale In

  1. United Kingdom

Fund Info

  • Launch date25/01/2012
  • Share Class size142Mn
  • Base currencyGBP
  • ISIN GB00B42XRV41

Purchase Info

  • Min. initial investment500
  • Min. regular additional investment20

Charges

  • Initial investment5

Related News

Causer and Read get financials fund co-manager

Invesco Perpetual has promoted Julien Eberhardt to deputy manager of its star Global Financial Capital fund.

Paul Causer: the best value and biggest risks in fixed income

The focus may be on unsustainably low sovereign debt yields, but Invesco Perpetual’s co-head of fixed interest Paul Causer has warned that high yield is overvalued and investors in ‘cocos’ are at significant risk of losing capital.

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