Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

Fund of the Week: Invesco Perpetual High Income

We are coming to the end of 2012 and despite all of the economic clouds, it has been a reasonable year for the majority of investments. However, those clouds persist: uncertainty surrounds Europe's fate; the US could fall off the fiscal cliff; and China is slowing for the first time in a generation.

So, as things stand in the world, there should always be room for a defensively minded investment in your pension. Step in Neil Woodford, manager of the Invesco Perpetual High Income fund. Woodford is still extremely wary of global economic strength since the financial crisis took hold in 2008.

His long-term performance is excellent but his strategy of taking big bets in unloved sectors suffers over the short to medium term. His current conviction is in the health care sector where he has close to 35% of the £12 billion fund. In recent months he has added several companies operating in the sector: Smith & NephewSanofi and Elan.

Health care has underperformed for a long time and should it turn around Woodford will once again reinforce his excellent reputation.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

Related Fund Managers

Neil Woodford
Neil Woodford
69/83 in Equity - UK Equity Income (Performance over 3 years) Average Total Return: 18.92%
Citywire TV
Play On the Road Challenge: Clay pigeon shooting with Thesis' Lansdowne

On the Road Challenge: Clay pigeon shooting with Thesis' Lansdowne

Eleanor Mahmoud goes clay shooting at the National Clay Shooting Centre with Sam Lansdowne from Thesis Asset Management

Play AA-rated Flood on gov't bonds: 'the maths doesn't add up'

AA-rated Flood on gov't bonds: 'the maths doesn't add up'

He also addresses why his Newton Multi-Asset Income fund has such a high cash weighting and why he sees renewables as such a good opportunity.

Play AAA-rated Ali: Identifying the peripheral European plays

AAA-rated Ali: Identifying the peripheral European plays

Citywire AAA-rated Tawhid Ali thinks that plenty of good stocks in the European periphery are being thrown out with the proverbial bath water.

Read More
Your Business: Cover Star Club

Profile: Brewin's Cardiff boss on the Welsh opportunity

Profile: Brewin's Cardiff boss on the Welsh opportunity

Prior to becoming head of Brewin Dolphin Cardiff, Welshman David Myrddin-Evans had only previously visited the city to watch the rugby.

Wealth Manager on Twitter