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Invesco Perpetual Tactical Bond

Ranked 33 out of 59 in - Sterling Strategic Bond 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 return through a combination of income and capital growth over the medium to long term. This will be achieved through a flexible allocation to corporate and government debt securities (which may be unrated or sub-investment grade), transferable securities, collective investment schemes, financial derivative instruments and cash. Financial derivative instruments can be used for investment purposes and for efficient portfolio management. Derivatives may be used to achieve both long and short exposure to credit, interest rates and currencies globally.

Performance

Sterling Strategic Bond over : 31/10/2013 - 31/10/2014

Total Return

Quarterly Performance

to 31/10/2014 Annual Q1 Q2 Q3 Q4
2014 4.6% 2.7% 1.5% 0.5% -0.3%
2013 4.4% 1.3% 0.3% 1.3% 1.4%
2012 26.9% 14.5% -1.6% 7.7% 4.6%
2011 -6.7% 2.9% 0.4% -12.8% 3.5%
2010 9.6% 6.0% -2.5% 6.1% -0.1%

Month by Month Performance

Returns Vs Risk

Registered For Sale In

  1. United Kingdom

Fund Info

  • Launch date01/02/2010
  • Share Class size365Mn
  • Base currencyGBP
  • ISIN GB00B4V74V60

Purchase Info

  • Min. initial investment500
  • Min. additional investment20

Charges

  • Initial investment5

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