Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of 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
30/78 in Equity - UK Equity Income (Performance over 3 years) Average Total Return: 55.61%
Citywire TV
Brewin's Gutteridge: the opportunities in UK challenger banks

Brewin's Gutteridge: the opportunities in UK challenger banks

In this week's podcast, Brewin Dolphin's Ben Gutteridge and Guy Foster, discuss opportunities in the global financials sector with Aptus' Johnny De La Hey.

Play Charles Tan on Woodford & hidden trust income gems

Charles Tan on Woodford & hidden trust income gems

Cantor Fitzgerald investment company analyst Charles Tan discusses Woodford Patient Capital and some of the income trusts slipping under the radar.  

Brewin's Foster: the world’s most unconventional monetary policies

Brewin's Foster: the world’s most unconventional monetary policies

In this week's podcast, Guy Foster asks why the world’s biggest economies are pursuing some of the world’s most unconventional monetary policies. 

Your Business: Cover Star Club

Profile: how Close Brothers gave power back to the regions

Profile: how Close Brothers gave power back to the regions

Almost a year into the role, Close Brothers Asset Management head of wealth management Andy Cumming has highlighted three keys areas of focus

Wealth Manager on Twitter