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Invesco Perpetual Glbl Financial Cap Acc

Ranked 7 out of 113 in - Global 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.

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.

Julien Eberhardt

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.

Performance

Global over : 30/09/2013 - 30/09/2014
  • Rank 7/113 Total Return
  • Rank 49/113 Standard Deviation
  • Rank 28/113 Max Drawdown
Fund Name Return
6 PIMCO GIS Capital Securities Inst GBP Hdg Inc

Currency exposure is hedged

Currency exposure is hedged

10.5%

7 Invesco Perpetual Glbl Financial Cap Acc

9.9%

8 Avoca Convertible Select Global I GBP Acc

Currency exposure is hedged

Currency exposure is hedged

9.7%

9 LM Brandywine Glo Fxd Inc Fd A Dis (S) (AH)£

Currency exposure is hedged

Currency exposure is hedged

8.9%

Fund Name Risk
47 Schroder ISF Strategic Bond GBP Hedged C Acc

Currency exposure is hedged

Currency exposure is hedged

0.8

48 Aviva Investors Global Fixed Income Hedged

Currency exposure is hedged

Currency exposure is hedged

0.8

49 Invesco Perpetual Glbl Financial Cap Acc

0.9

50 Old Mutual Global Strategic Bond A Inc

0.9

51 PFS TwentyFour Dynamic Bond A Ret Acc

0.9

Fund Name Loss
26 JPM Diversified Fixed Income GBP C Inc

-0.5%

27 Royal London International Government Bond B Inc

-0.5%

28 Invesco Perpetual Glbl Financial Cap Acc

-0.6%

29 LM Brandywine Glo Fxd Inc Fd A Dis (S) (AH)£

Currency exposure is hedged

Currency exposure is hedged

-0.6%

30 FP Russell Defensive Assets A Acc

-0.6%

30 Schroder ISF Global Credit Dur Hedged GBPH I Acc

Currency exposure is hedged

Currency exposure is hedged

-0.6%

Total Return

Quarterly Performance

to 30/09/2014 Annual Q1 Q2 Q3 Q4
2014 4.8% 2.7% 2.6% -0.5%
2013 17.6% 5.7% -0.1% 6.3% 4.8%
2012 33.5% 9.6% -2.2% 12.5% 10.7%

Month by Month Performance

Returns Vs Risk

Registered For Sale In

  1. United Kingdom

Fund Info

  • Launch date25/01/2012
  • Share Class size98Mn
  • Base currencyGBP
  • ISIN GB00B42XRV41

Purchase Info

  • Min. initial investment500
  • Min. 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 GBP).