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Invesco Perpetual High Yield Acc

Ranked 1 out of 18 in - Europe High Yield 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.

Thomas Moore

Based in Henley-on-Thames, Thomas Moore is a fund manager and senior credit analyst within Invesco Perpetual’s Fixed Interest team. Thomas began his career in New York in 1999 as a management consultant, with roles focused on US and international fixed income markets. In 2004 he joined Morgan Stanley where he held senior roles within the fixed income division. In 2011 he became Head of European Credit Analytics, subsequently becoming Managing Director in 2012. Thomas is a graduate of Harvard and Oxford Universities and holds an MBA from Columbia Business School. He is also a CFA charterholder.

Objective

The fund aims to achieve a high level of income together with capital growth over the medium to long term. The fund seeks to achieve its objective by investing primarily in high yielding corporate and government debt securities (which may include unrated or sub-investment grade), and equities. The fund may also invest in cash, cash equivalents, money market instruments, collective investment schemes and other transferable securities.

Showing fund performance in United Kingdom View performance globally

Performance

Europe High Yield over : 31/03/2017 - 31/03/2018
  • Rank 1/18 Total Return
  • Rank 15/18 Standard Deviation
  • Rank 13/18 Max Drawdown
Fund Name Currency Risk
13 T Rowe European High Yield Bond Qdh GBP

Currency exposure is hedged

Currency exposure is hedged

GBP

2.8

14 Algebris Financial Credit I GBP Acc

Currency exposure is hedged

Currency exposure is hedged

GBP

3.6

15 Invesco Perpetual High Yield Acc GBP

3.7

16 Threadneedle European High Yld Bd Ret Net Acc GBP GBP

7.3

17 Morgan Stanley European Curr High Yield Bd ZX GBP GBP

7.3

Fund Name Currency Loss
11 Goldman Sachs Europe HY Bond Pf R GBP-H

Currency exposure is hedged

Currency exposure is hedged

GBP

-1.2%

12 Oaktree (Lux) Fds-Oaktree European HiYld Bd HGBPIA

Currency exposure is hedged

Currency exposure is hedged

GBP

-1.4%

13 Invesco Perpetual High Yield Acc GBP

-1.4%

14 Algebris Financial Credit I GBP Acc

Currency exposure is hedged

Currency exposure is hedged

GBP

-1.6%

15 T Rowe European High Yield Bond Qdh GBP

Currency exposure is hedged

Currency exposure is hedged

GBP

-1.7%

Total Return

Quarterly Performance

to 31/03/2018 Annual Q1 Q2 Q3 Q4
2018 0.0%
2017 8.9% 1.4% 3.9% 3.2% 0.2%
2016 8.4% -0.4% 1.3% 4.8% 2.5%
2015 -0.9% 2.6% 0.1% -3.1% -0.5%
2014 3.3% 1.4% 2.1% -0.3% 0.1%
2013 10.5% 2.4% 0.4% 4.6% 2.7%
2012 37.6% 15.7% -2.3% 10.4% 10.2%
2011 -3.2% 4.6% 0.3% -11.6% 4.3%
2010 16.7% 10.8% -1.6% 6.0% 1.0%
2009 61.0% -1.8% 30.5% 19.4% 5.1%
2008 -33.1% -6.5% 2.5% -8.6% -23.7%
2007 3.1% 2.8% -0.4% 0.7% -0.1%
2006 8.4% 3.6% -0.1% 2.3% 2.3%
2005 6.7% 0.4% 1.1% 3.0% 2.1%
2004 12.6% 2.0% 0.7% 4.7% 4.7%
2003 33.1% 6.3% 14.6% 4.5% 4.6%
2002 -9.4% -4.7% -4.8% -5.3% 5.5%
2001 -5.5% 3.2% -7.1% -10.5% 10.1%
2000 -7.9% 2.4% -2.4% -2.4% -5.5%
1999 0.1% 4.6%

Month by Month Performance

Returns Vs Risk

Registered For Sale In

  1. United Kingdom

Fund Info

  • Launch date14/05/1999
  • Share Class size167Mn
  • Base currencyGBP
  • ISIN GB0033028555

Purchase Info

  • Min. initial investment500
  • Min. regular additional investment20

Charges

  • Initial investment5

Related News

Paul Causer: the extraordinary intellectual challenge for bond industry

Invesco Perpetual's fixed income boss outliness the massive challenge for the bond fund industry as it goes through a period of unprecedented upheaval.

Causer and Read: where we see value in banks and financials

Invesco Perpetual's Paul Causer and Paul Read still see value in banks and financials for their European high yield fund despite the ongoing sovereign debt crisis.

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