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Invesco Perpetual High Yield Acc

Ranked 8 out of 11 in - Europe High Yield 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.

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.

Performance

Europe High Yield over : 31/07/2013 - 31/07/2014
  • Rank 8/11 Total Return
  • Rank 3/11 Standard Deviation
  • Rank 6/11 Max Drawdown
Fund Name Risk
1 BlueBay High Yield Corporate Bond D GBP

Currency exposure is hedged

Currency exposure is hedged

0.5

2 AXA Pan European High Yield Bond R Inc Net

0.5

3 AXA WF European High Yield Bonds M GBP H

Currency exposure is hedged

Currency exposure is hedged

0.6

3 BlueBay High Yield Bond D GBP

Currency exposure is hedged

Currency exposure is hedged

0.6

3 Invesco Perpetual High Yield Acc

0.6

Total Return

Quarterly Performance

to 31/07/2014 Annual Q1 Q2 Q3 Q4
2014 3.2% 1.4% 2.1% -0.3%
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 4.6% -0.2% 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 size131Mn
  • Base currencyGBP
  • ISIN GB0033028555

Purchase Info

  • Min. initial investment500
  • Min. additional investment20

Charges

  • Initial investment5

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